Startup Ideas AI

The customer onboarding process for financial institutions is often lengthy, complex, and paper-based, leading to frustration for both customers and institutions. A startup could focus on developing an innovative digital platform that automates and digitizes this process, reducing paperwork and accelerating customer onboarding. This solution could include identity verification, document management, and integration with various systems to ensure a seamless onboarding experience. Market size: According to a report by Allied Market Research, the global digital onboarding market is projected to reach $10 billion by 2026, with a CAGR of 23.9%.