Match-Trade Integrates Sumsub to Automate Brokers’ KYC Process

On Wednesday, Match-Trade Technologies announced its partnership with Sumsub, a verification platform for enhancing and automating the know-your-customer (KYC Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Read this Term) process for forex and CFDs brokers using its custom Client Office CRM.

“We develop our solutions with Broker’s daily operations in mind. That’s why we chose to work with Sumsub,” said Jacek Czarniawski, the Head of Product at Match-Trade Technologies.

“Thanks to the integration with their verification platform, Brokers using our CRM can easily onboard new clients. The KYC process is now effortless, making traders more likely to go through it and start trading without delay. No involvement of the Broker is needed.”

Indeed, the integration will automate the identity verification process for the brokers and will verify identity documents, addresses, telephone numbers and emails. Additionally, Sumsub checks if any of the potential clients of the brokers are facing sanctions or have been red-flagged.

The verification platform even provides instant feedback to traders on their submitted information and even notifies them of the required documents for verification.

A Service Provider to the Brokers

Match-Trade is one of the leading liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and technology providers in the trading industry. Earlier this year, the company revealed that it acquired over 130 new clients in 2021. Moreover, the sales of its trading platform, Match-Trader witnessed a sales growth of 155 percent.

Last year, the company opened a new Cypriot office to physically stay closer to its client base.

“Partnering with Match-Trade Technologies brings us an exciting opportunity to enhance our experience in the international trading industry, and we are very glad to be trusted by a company with a truly global portfolio,” Sumsub’s Co-Founder and Chief Compliance Officer, Jacob Sever, said.

“We believe that our top-notch verification products will help to ensure seamless onboarding procedure for trading and crypto-market platform clients, to fight fraud and meet compliance standards in any market they are willing to operate.”