The first step of onboarding involves collating all relevant documentation about the applicant. Onboarding financial institutions is a complex process and therefore Ecex.Exchange needs to collect data about the applicant’s corporate background, investors, key personnel, risk policies, internal governance, and technology. Ecex.Exchange will use this data to decide whether the applicant falls within Ecex.Exchange’s target client base and therefore take the application to the Review and Decision stage. Ecex.Exchange will also consider the specific costs, risks, and revenues the applicant represents.
Each applicant will also be appointed a personal client relationship manager who will guide them through the process.