Hyper automated digital investor onboarding is a next gen technology that has revolutionised the way investment institutions handle onboarding processes for new investors. It utilises advanced algorithms, machine learning, and artificial intelligence to automate the process of collecting and verifying investor information, reducing the time and resources needed to onboard a new investor by up to 80%.

One of the key advantages of hyper automated digital investor onboarding is its ability to significantly speed up the onboarding process. Traditional onboarding methods involve manual data entry and verification, which can be time-consuming and prone to errors. By automating these tasks, financial institutions can reduce the time needed to onboard a new investor from days or weeks to just a few hours. This not only saves time and resources, but it also enables financial institutions to onboard new investors faster, allowing them to start trading and investing sooner.

In addition to speeding up the onboarding process, hyper automated digital investor onboarding also offers several other benefits. For example, it can improve the accuracy of investor information by using advanced algorithms to verify and validate data. This helps to ensure that the financial institution has accurate and up-to-date information about its investors, which is essential for compliance and risk management purposes.

Another advantage of hyper automated digital investor onboarding is its ability to reduce costs. By automating the onboarding process, financial institutions can reduce their reliance on manual labour and eliminate the need for costly data entry and verification processes. This can help to lower operating costs and increase profits, making it a cost-effective solution for investment institutions of all sizes.

Hyper automated digital investor onboarding also provides a better experience for investors. With traditional onboarding methods, investors may have to provide multiple copies of documents and wait for days or weeks to be onboarded. With hyper automated digital investor onboarding, investors can easily provide their information online and be onboarded almost instantly. This convenience is likely to appeal to investors, particularly younger ones who are more comfortable with digital platforms and expect a seamless and efficient onboarding process.

In conclusion, hyper automated digital investor onboarding offers a wide range of benefits for fund administrators, fund managers and investors. It can significantly speed up the onboarding process, improve the accuracy of investor information, reduce costs, and provide a better experience for investors. As more fund administrators adopt this technology, it is likely to become the standard for investor onboarding in the future.