The Lithuanian Reg Tech firm iDenfy has entered into a strategic partnership with RaiseFX, an online CFD broker. This alliance aims to fortify security protocols and streamline ID verification processes, promising users a safer and more user-friendly trading experience.

Fintech Collaboration Trends

With the proliferation of digital transactions, the threat of fraud and identity theft looms large, posing significant challenges for businesses and consumers. In light of this, iDenfy has developed state-of-the-art ID verification technology, harnessing artificial intelligence to swiftly and accurately authenticate user identities.

Through its collaboration with RaiseFX, iDenfy's advanced technology will seamlessly integrate into the broker's platform, granting users expedited access to trading and investment opportunities while ensuring security measures.

.@Idenfy and RaiseFX Collaborate to Elevate Security and Customer Experience in Online CFD Trading.

Read more: https://t.co/66iq7BHYV5#digitalidentity #fintech #finance #FinancialIT

— Financial IT (@financialit_net) February 9, 2024

The partnership between iDenfy and RaiseFX exemplifies the growing trend of collaborations within the fintech sector, where companies are actively responding to the evolving needs of their clientele. From insurance software to cloud-based mortgage solutions, fintech entities are joining forces to deliver seamless and secure experiences across diverse domains.

RaiseFX Expands Reach with New Offices in Beirut

RaiseFX recently unveiled its latest venture with the inauguration of new offices in Beirut, Lebanon. The decision underscores RaiseFX's dedication to bolstering client services by offering localized support and tailored financial solutions to individuals and businesses in Lebanon and neighboring areas.

Beyond serving as a physical presence, the Beirut offices are poised to foster collaboration and innovation within the financial sector. Recognizing the significance of an environment conducive to the development of novel financial strategies, RaiseFX aims to cultivate a space where professionals can engage in problem-solving and devise innovative solutions.

This expansion aligns with RaiseFX's broader strategy to extend its reach into emerging markets across Asia, Africa, the Middle East, Latin America, and the Gulf Cooperation Council. As reported by Finance Magnates, the move coincided with the exponential growth of RaiseFX's trading community, which boasted over 50,000 active traders who collectively generated more than USD $20 billion in monthly trading volumes on the MT5 platform.