Fully Digital Business Bank Account Opening with QES, Automated IDV & Multi-Holder Support

In today’s fast-evolving digital banking landscape, businesses demand a seamless, secure, and compliant way to open and manage their accounts remotely.  

LOQR empowers financial institutions to meet this demand with a fully automated Business Bank Account Opening solution – integrating: 

✔️ AI-driven identity verification (IDV)
✔️ One-shot QES for digital signatures
✔️ Multi-holder onboarding capabilities

Why Choose LOQR’s Solution? Unlock Efficiency & Scalability

Our innovative approach enhances customer experience, ensures regulatory compliance, and reduces operational costs – providing a frictionless account-opening journey for businesses of all sizes.

Multi-Holder Onboarding
Seamlessly verify and onboard multiple company representatives and signatories.
Automated Identity Verification (IDV)
AI-driven video ID verification, biometric face validation, and liveness detection.
Instant QES-Based Digital Signatures*
Each authorised representative receives a one-shot QES for immediate digital signing.
Fully Compliant with KYB, KYC & AML
Built-in compliance ensures secure, risk-free business banking.
Faster, Remote Account Opening
Businesses can open accounts from anywhere, at any convenient time, without having to visit branches.
Seamless Integration with Core Banking
Compatible with CRM, compliance, and core banking systems for effortless onboarding. 

* In some cases, approval from a Registration Operator may be required – a process that usually takes less than 10 minutes but may take longer.

How It Works: A Fully Digital, Multi-Signatory Process

– Company Data Verification: Automatically Captures and validates the company’s commercial registration certificate.
– Representative & Multi-Holder Identification (IDV): Uses OCR, biometric face recognition, and AI-powered liveness detection to authenticate all required signatories.
– Document Collection including Beneficial Owners Information: Gather essential business and personal documentation.
– AI-Driven Video Verification: Conducts an automated or assisted video interview with each authorised representative.
– Compliance & Risk Assessment: Performs KYB, KYC, and AML checks to ensure regulatory compliance.
– Instant Multi-Holder QES-Based Signing: Each signatory automatically receives a one-shot QES, enabling immediate and legally binding digital signatures.
– Account Activation & Multi-User Access: Once approved, all verified signatories receive the account credentials and can start managing their finances. 

Key Benefits of LOQR’s QES-Based, Multi-Holder Digital Banking Onboarding

Fast & Frictionless
AI automation and instant QES issuance accelerate the onboarding process from days to minutes.
Advanced Security & Fraud Protection
Biometric authentication, real-time fraud detection, and encrypted QES digital signatures protect business accounts.
Anywhere, Anytime Access
Businesses can securely open and manage accounts remotely without visiting a branch.
Multi-Holder, Multi-Signatory Support
Easily verify, onboard, and manage multiple company representatives.
Seamless Integration
Directly connects with banking core systems, CRM platforms, and compliance tools. 

Regulatory Compliance & Security

LOQR’s digital banking solution meets and exceeds global regulatory standards, including: 

– GDPR: Ensuring full data privacy and security.
– eIDAS**: Enabling automated Qualified Electronic Signature (QES) issuance for legally binding contracts.
– LINCE Qualification: Certified for secure AI-driven video identification.
– ISO/IEC 27001 & 30107-3: Adhering to industry-leading security and biometric authentication standards.

 ** LOQR acts as a Registration Authority for a Certification Authority that is duly registered in the European Trusted List.

The Future of Business Banking is Digital – Are You Ready?

Opening a business bank account online is no longer a luxury – it’s a necessity. With LOQR’s fully digital, QES-powered, multi-holder onboarding solution, financial institutions can:

✔️ Reduce costs by automating verification and compliance processes.
✔️ Increase customer conversion with a seamless, frictionless experience.
✔️ Enable remote banking for businesses of all sizes, without the need for in-person interactions.

 The future of business banking starts today!

Contact us now to revolutionise your onboarding experience!