anyoption Partners with GBG for Identity Verification and KYC Automation

anyoption, one of the biggest binary options brokers, has signed an agreement with GBG, a provider of identity data intelligence solutions, to provide KYC automation in advance of the new regulations by Mifid, ESMA and 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 are shortly due to come into effect. This will be enabled through the deployment of GBG ID3global identity verification technology into anyoption’s Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

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Streamlined KYC Process

As anyoption's user-base continues to grow at a rapid pace, the solution ultimately allows the company to automate and streamline the KYC process enabling end users to experience a shorter onboarding process.

anyoption is also considering implementation of further GBG products and services to address fraud and risk, and to build enhanced customer and location intelligence. GBG solutions will further strengthen anyoption's role as a leader in the binary options community by underscoring the importance of taking steps to improve safety and customer experience.

anyoption founder and CEO, Shy Datika, commented: “Our company aspires to excel in every aspect of the business, acknowledging that compliance with the laws is the beating heart of a contemporary investment firm.”

Datika explained that this new collaboration will help anyoption to continue its expansion in Europe and beyond and to diversify its set of investment products.

He added: “anyoption's plan is to become more than the leader of the binary option industry, positioning itself as a boutique investment bank which offers unique investment products, including but not limited to binary options, that outweigh other options available in today's diverse marketplace.”

Enhanced User Experience

By adding GBG’s fully scalable solution to the anyoption platform, the company can now offer its clients a more streamlined KYC process combined with enhanced safety measures and improved overall customer experience.

Finance Magnates reported back in October that the company had added a new operating licence into its portfolio of regulatory permits after receiving authorisation from the Cyprus Securities and Exchange Commission to offer a new set of services across the European Union, a further move in connection with the company’s plans to offer a fully regulated service coupled with its expansion into broader territory.