iDenfy, a Lithuanian Regtech known for its full-stack ID verification service, announced a partnership with RaiseFX, a key player in the CFD broker sector.
This partnership will help RaiseFX offer a user-friendly ID verification workflow, allowing clients to gain access to various trading and investment opportunities.
RaiseFX is reportedly a player in the online CFD trading market. CFDs (i.e., Contracts for Difference) are described as types of financial instruments that allow for speculation on upward or downward movements in an underlying asset without requiring the need for actual ownership.
When performing CFD transactions, clients are actually investing in a financial derivative as well. The firm says it provide ways to trade CFDs with a license and beneficial conditions.
RaiseFX further claims that it stands out from others due to its focus on customer success. It consists of a team of dedicated traders who aim to ensure that the trading conditions play in client satisfaction. To offer a seamless experience, RaiseFX has launched a new offer.
The platform uses MetaTrader 5 all-in-one trading platform with 500+ product assets on the catalog. The platform is known for having an intuitive interface with various customization options.
But with the surging rate and cost of data breaches, RaiseFX realizes the need for cybersecurity measures. Back in 2021, 323,972 internet users had reported becoming a victim to phishing attacks, and during the peak of the COVID pandemic, phishing incidents surged by 220%.
In a recent survey, 3% of small and medium-sized enterprises stated that cybersecurity issues require prompt action, with 78% saying they aim to increase investment in cybersecurity in the coming months.
In order to address these issues, RaiseFX decided to protect itself from cyber attacks, focusing on the overall safety of client onboarding experiences.
Seeking a partner for security and operational efficiency, RaiseFX chose iDenfy over others in the market.
iDenfy’s suite of security solutions made it the suitable option.
RaiseFX has now integrated iDenfy’s identity verification and Anti-Money Laundering (AML) screening solutions.
The partnership with iDenfy has been key in overcoming challenges faced by RaiseFX. Key problems related to fraud prevention, onboarding processes, and compliance with regulations have been addressed.
David Bottin, CEO of RaiseFX, said:
“Our commitment is to create an environment where our clients can thrive. By ensuring customer satisfaction, robust security, and the best trading conditions, we are setting new standards in the industry. Our collaboration with iDenfy is a strategic move towards enhancing the security and efficiency of our platform. Together, we aim to set new standards in the realm of financial technology.”
Domantas Ciulde, the CEO of iDenfy, said:
“Teaming up with RaiseFX is an opportunity to empower a business that takes confident steps towards success. Our solution plays a crucial role in verifying and preventing fraud, ensuring the seamless execution of global solutions. We are committed to enhancing efficiency and compliance for RaiseFX’s innovative platform.”