In a strategic move to enhance the client onboarding experience in Europe, Admirals has joined forces with Onfido, a leading identity verification service provider. This partnership will be pivotal for Admiral Markets Cyprus Ltd, Admirals’ online investment platform, facilitating smoother onboarding and account creation processes for clients in over 25 European nations.
Admirals Partners With Onfido for European Clients Verification
Integrating Onfido’s advanced AI-driven identity verification technology is set to bolster security, reduce fraud, accelerate the onboarding process, and ensure adherence to diverse regulatory standards.
With Onfido’s sophisticated document and biometric verification solutions, Admirals will be able to authenticate user identities more effectively and identify fraudulent activities during the onboarding phase. This enhancement is expected to foster increased trust and reliability among both current and potential clients of Admirals.
Stefanos Mistrellides, Admirals’ Onboarding Product Owner, commented: “Working with European clients, where the regulatory and security landscape is challenging, necessitates a forward-thinking, reliable partner like Onfido. Our goal is to reinforce Admirals’ position as a premier fintech hub in Europe.”
Admirals Group AS, a fintech enterprise, offers a diverse array of financial products and services globally through its regulated investment firms. These include foreign exchange, contracts for difference, stocks, and ETFs. Having grown significantly since its inception two decades ago, Admirals has earned recognition in the industry for its innovative trading tools.
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Admirals, an Estonia-based forex and CFD brokerage firm, has been actively upgrading its trading platform and expanding its product range. In 2020, the firm began developing a proprietary web-based trading platform, which was officially introduced in November 2023. This new platform grants users access to a vast selection of over 7,400 financial instruments.
To enhance liquidity options, Admirals incorporated Match-Prime’s multi-asset liquidity solutions, offering clients greater simplicity, transparency, and security.
Furthermore, in August, Admirals unveiled an innovative automated investing feature named Auto-Invest, enabling investors to fine-tune their portfolios and set up automatic contributions from their wallets or Invest.MT5 accounts.
