From: RegTech Analyst
Internet trading company Admiral Markets has entered into a partnership with identity verification companies Onfido and GetID.
Through the partnership, Admiral Markets hopes to streamline its onboarding services by digitising and automating manual identity verification methods.
From now on, users can now simply take a photo of their government-issued ID and Onfido’s AI-powered technology verifies their document.
The companies involved in the deal has said that it has already yielded impressive results with onboarding rates jumping by 13∞, Admiral Markets having experienced decreased onboarding costs and seen people from previously unsupported countries being onboarded.
“GetID and Onfido share the same value of providing the easiest onboarding for new customers with an individual approach to each client,” said Dmitri Laush, CEO at GetID. “At GetID we use the best technologies to deliver to the customer. Onfido has great global coverage and portfolio of trusted clients and together we can provide the greatest identity verification software for any client on the market, no matter how big or small the company is.”
Husayn Kassai, CEO and co-founder at Onfido, added, “We are very happy to be partnering with GetID to support Admiral Markets – empowering a streamlined onboarding approach so they can continue focusing on their mission of providing the best digital trading experience. We bring trust to digital interactions worldwide, and we’re excited to be partnering with a company that’s equally ambitious.”
Onfido has signed several similar partnerships in the past. Among others, it has worked together with SecureKey Technologies, Moflix and Mode.
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