TRADOLOGIC Partners With KYC Automation Specialist iSignthis

Binary options technology provider TRADOLOGIC has announced that the company has entered into a partnership agreement with Digital KYC provider iSignthis. The move follows up on a number of circulars recently issued by CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term, which have effectively limited the functions of sales representatives at Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and binary options brokers regulated in Cyprus.

Responding to the need to automate more processes, TRADOLOGIC is aiming to deliver to its white label clients a solution which can verify the identities of clients digitally. The solution which iSignthis delivers to the white label clients of the binary options technology provider fully complies with 4th AML (anti-money laundering) Directive and has PSD2 compliance.

This partnership is a logical next step in our efforts to automate various aspects of the business

The integration of the service is expected to be completed within the next two to three months. The clients of TRADOLOGIC are expected to take advantage from the services of iSignthis by late 2016.

The KYC solution will make life easier for brokerages who are willing to engage in more automation. The latest trend in the binary options and forex industry has accelerated after an announcement by CySEC, which has greatly limited the capacity of customer service representatives.

The CEO of TRADOLOGIC Michael Golod commented on the deal: “This partnership is a logical next step in our efforts to automate various aspects of the business, such as marketing, onboarding, KYC. iSignthis will not only reduce the manual work of our clients but will add an extra layer of security.”