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Proposed solution improves customer onboarding time to 10 days, integrating microservices and cloud technologies.
There are challenges with banking existing customer onboarding and it is manual, decentralized and lengthy. Onboarding could take more than 120 days because of siloed applications, duplicate data entry, regulatory checks , etc. This paper proposes a sheltered and an automated customer onboarding with an end to end onboarding solution. We optimize the onboarding time to 10 days with integration of multiple latest technologies such as microservices architecture , micro frontend architecture , kafka messaging, cloud native, devops practices. We show case our solution for UI domain, we used Angular and React technologies. For application domain we used Java with Spring Boot Controls. For data repository, we used Mongo DB. For asynchronous messaging, we used Kafka. Solution has KYC aggregation for the company, robotic process automation (RPA), cloud infrastructure (AWS) and integrates for onboarding with TSYS. Results from the solution exhibited improved processing efficiency, data accuracy and compliance aligned onboarding. Work is scalable and replicable across financial services institutions. Index Terms—Banking Process Automation, Customer Onboarding, Microservices Architecture, Microfrontend Design, Kafka Messaging, MongoDB, Spring Boot, TSYS Integration, KYC Automation, Digital Banking Transformation, Agile Development, Identity Verification, AWS Cloud, Robotic Process Automation.
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Saikrishna Garlapati (2024) studied this question.
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