Automated Client Onboarding System for Regulated Fintech Institution

We, a dedicated group of Business-IT students, worked with a known fintech institution based in Liechtenstein and specialising in cryptocurrency services to address a critical issue in their client onboarding process, which resulted in the creation of a prototype for automated client onboarding.

Valerio Job & Sin Hua Chai & Stefan Ilic & Manuel Buser & Antonio Papac, 2024

Art der Arbeit Projektarbeit/Praxisprojekt
Auftraggebende Fintech Institution
Betreuende Dozierende Telesko, Rainer
Keywords Onboarding Liechtenstein FMA Regulation Compliance Fintech Crypto Blockchain Prototype Automation Neural Network
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The project was initiated by the client with the goal of optimizing and automating its onboarding process, improving operational and compliance efficiency, and standardizing the decision process. This evolved in a complex project resulting in the development of a prototype for an automated onboarding system and also an extensive theoretical part.
The project was divided into two parts. The theoretical strategies were proposed, with clear paths for client management. Simultaneously, the practical part focused on the technical integration of these strategies via the implementation of our custom application. In alignment with the Financial Market Authority's (FMA) regulatory framework, we collaborated with industry experts such as the client's management, compliance officers, lawyers, and external partners.
Our research efforts went beyond traditional boundaries, including insightful online calls with potential partners, which enriched our understanding of market dynamics. We embraced the latest advances of technological innovation, implementing machine learning, crafting our artificial neural network, developing a knowledge-based system housing DMN decision logic, and seamlessly integrating Java applications, and JavaScript features. Despite navigating regulatory complexities, the project met its defined objectives with minor scope changes. The resulting prototype serves as a solid foundation for the client, which our client can use to build a well-working system with only a few steps needed. The client's and our supervisor's satisfaction demonstrates the project's resounding success. We are grateful to our client, our supervisor and FHNW for this valuable experience, which has provided us with knowledge and skills that extend beyond the scope of the project. We are eager to put our newfound knowledge to use and reflect on an incredible opportunity that has enriched our collective learning journey.
Studiengang: Business Information Technology (Bachelor)
Vertraulichkeit: vertraulich
Art der Arbeit
Projektarbeit/Praxisprojekt
Auftraggebende
Fintech Institution, Liechtenstein
Autorinnen und Autoren
Valerio Job & Sin Hua Chai & Stefan Ilic & Manuel Buser & Antonio Papac
Betreuende Dozierende
Telesko, Rainer
Publikationsjahr
2024
Sprache der Arbeit
Englisch
Vertraulichkeit
vertraulich
Studiengang
Business Information Technology (Bachelor)
Standort Studiengang
Basel
Keywords
Onboarding Liechtenstein FMA Regulation Compliance Fintech Crypto Blockchain Prototype Automation Neural Network