In the face of huge societal and economical challenges, the need for digital transformation seems the only ray of hope for survival for any company in any domain. Even post COVID there is no escape from going digital because generation Z who learned how to swipe a screen before they learned how to speak will be influencing and dictating the market. This might as well change the face of digital onboarding process of the customer.

Financial institutions are responsible to provide liquidity to the economy and permit a greater magnitude of economic activity. Without financial institutions all the stacks of dough will be stuffed under your mattress, no benefits from fluctuating interest rates could be reaped. These establishments basically conduct financial transactions such as deposits, investments and loans.