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
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.
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)