What is meant by client onboarding in finance?

Client onboarding in finance refers to the process of bringing clients onto a financial system or platform. This involves various steps designed to establish a relationship between the financial institution and the client, ensuring that the necessary information is gathered to set up the client's account and comply with regulatory requirements. This could include collecting personal identification, conducting risk assessments, and providing clients with access to the institution’s services. Successful client onboarding is crucial because it lays the foundation for the customer’s experience and ongoing relationship with the financial organization.

The other options reflect important aspects of financial services but do not encapsulate the essence of client onboarding. For instance, training clients, creating financial products, and assessing creditworthiness are all important tasks within the financial services sector, but they occur at different stages of client interaction or service provision rather than during the onboarding phase. Hence, the focus on establishing a client's account and integrating them into the system distinguishes the correct answer as essential to understanding client onboarding in finance.