Hi AllI currently work for an investment bank, and we are facing an interesting problem in on-boarding customers.Without going into too much detail, there are instances where we need access to “original” documents, provided by clients, before on-boarding them. This is mainly for high risk clients based in foreign countries.We require a specific type of lawyer to sight and sign off that the copy provided by a particular company is indeed identical to the original. Then, this certified copy is mailed to us, and only then we may continue with the on-boarding.As you can imagine, this process takes 1-2 weeks to complete, and causes quite a bit of frustration:Any error in the sighted copy will result in rejection, including having the wrong type of lawyer sign it off;Lawyer fees. Just to provide this stamp/signature.Documents lost in the mail.Again, this legacy process applies mainly to high risk, foreign, customers and the industry hasn’t bothered investing in stronger processes/infrastructure.So, let me ask the community, how can blockchain technology solve this problem?
Submitted January 21, 2019 at 01:36PM
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