In a strategic move to enhance the client onboarding experience in Europe, Admirals has partnered with Onfido, a leading identity verification service provider. This partnership will be pivotal for Admirals’ online investment platform, Admiral Markets Cyprus Ltd, facilitating a smooth onboarding and account creation process for clients from over 25 European countries.
Integrating Onfido’s advanced AI-driven identity verification technology enhances security, reduces fraud, accelerates onboarding processes, and ensures compliance with various regulatory standards.
Onfido’s advanced document and biometric solutions enable Admirals to more effectively authenticate user identities and identify fraudulent activity during the onboarding stage. This enhancement is expected to increase trust and credibility among Admirals’ current and potential customers.
Stefanos Mistrelides, Onboarding Product Owner at Admirals commented: “Working with customers in Europe, where there are many regulatory and security challenges, requires a forward-thinking and reliable partner like Onfido. to strengthen its position.”
Admirals Group AS, a fintech company, offers a diverse range of financial products and services worldwide through its regulated investment companies. These include foreign exchange, contracts for difference, stocks, and ETFs. Admirals has grown significantly since its founding 20 years ago and has earned an industry reputation for its innovative trading tools.
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Admirals, an Estonia-based forex and CFD brokerage company, is actively working on upgrading its trading platform and expanding its product range. The company began developing its own web-based trading platform in 2020, and it was officially introduced in November 2023. This new platform will give users access to a huge selection of over 7,400 financial products.
To enhance its liquidity options, Admirals has incorporated Match-Prime’s multi-asset liquidity solution to provide clients with greater simplicity, transparency, and security.
Additionally, in August, Admirals announced an innovative automatic investment feature called Auto-Invest, allowing investors to fine-tune their portfolios and set up automatic contributions from their wallet or Invest.MT5 account.
