A major part of the onboarding process is capturing all essential data about the users, from identification and verification to pre-scoring and scoring.

A well-designed process can help users onboard smoothly, by letting them know: 
• where they are in the process, 
• what is already done, 
• what steps they are expected to complete.

Check my dribbble shot: https://dribbble.com/shots/4957240-Fintech-Onboarding-Principles

Sounds interesting? Simplifying onboarding is one of the things we do on daily basis.

Dig deeper and take a read my article: Design for Fintech. 7 Must-have UX Practices You Should Not Miss – for valuable tips on how to boost your user acquisition rates.