Digital Insurance Agenda

Harmoney, gain deeper insights from onboarding data

Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on May 27, 2019

Harmoney offers an end-to-end onboarding and compliance solution to the banking and insurance industry. The Belgium startup solves the cumbersome, often paper process of client on-boarding, re-boarding and off-boarding. Combining full compliance with a superior user experience to end client, relationship manager and compliance officer is what makes them unique.

A digital workflow
Harmoney delivers a digital onboarding workflow for end client, broker and insurer. The solution is customized to the specific client acceptance workflows and compliance procedures of the client. Harmoney ensures the full client due diligence (KYC, PEP, UBO and AML, IDD checks), so all stakeholders can rely on trustworthy client data. But the greatest advantage is that the compliance data can be unlocked and used to give really tailor-made advice to the end client. Harmoney is unique in the way it approaches the three main stakeholders in a compliant onboarding process, i.e. end client, relationship manager and compliance officer.

At Harmoney they strongly believe that money deserves the right attention. That the best decisions are built on a personalized, holistic approach. To make sure that money can generate its most important return: peace of mind. They want to empower people to achieve that. And offer their trusted advisors the best digital tools to deliver that.The Ghent-based startup is fully operational, and they have already 700 financial and insurance actors in Belgium and The Netherlands covering approximately 300.000 end clients.

At Harmoney they are convinced that onboarding processes can only be efficient and compliant when you offer unique user experience to all stakeholders. Harmoney also differentiates itself by implementing the compliance procedures of the insurance intermediary or insurer themselves. They don’t impose a standard forced work stream; they are fully customizable.

How it works

Harmoney offers a solution for one or all the steps in the onboarding and compliance process for the financial and insurance industry.

Why we selected Harmoney for DIA Amsterdam
Harmoney is an InsurTech and RegTech solution that enhances client experience and achieves greater operational excellence. Skip all the paper work, this is an end-to-end digital onboarding solution that facilitates even complex holdings and structures. They have already two Belgian insurers, but they are looking to expand in Europe as they are compliant to EU legislation and regulation.

At DIA Amsterdam Thomas Van Maele, CEO and Patricia Boydens, CCO of Harmoney will show and tell about the full onboarding workstream from A to Z of a life insurance client. As a result, no more paper work, but a client friendly data capturing platform with an intelligent data model in the back-end.

Check out their live demo here:
https://www.digitalinsuranceagenda.com/dia-tv/video/managing-the-complete-onboarding-and-compliance-workflow-for-insurers-and-their-brokers-or-agents/​

Who is Harmoney?
Founded in 2016, with a team of domain experts based in Ghent, Belgium. As of today, the founders Thomas Van Maele and Wouter Haerick, have raised 2,2 mio EUR funding from renown Belgian entrepreneurs.

“As former partner of a wealth management company, I was also confronted with the huge pile of paper work while onboarding new clients, resulting in a very time-consuming task. That was the reason that I founded Harmoney. Our platform let the paper work disappear, so there is again enough time to invest in the client relationship and building trust.” Thomas Van Maele, co-founder Harmony

From left to right: Wouter Haerick, co-founder and CTO, Patricia Boydens, CCO and Thomas Van Maele, co-founder and CE

https://myharmoney.eu

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