iSignthis Ltd, a company specialising in dynamic, digital AML/CTF KYC identity proofing, announced today that it has signed an agreement with XM.COM, a leading player in the online forex and CFD trading industry.
After recently entering into a pilot program with online brokerage iFOREX, as reported by Finance Magnates in May, iSignthis will now integrate with XM.COM to deliver its enhanced due diligence Digital KYC service.
Enhanced Client Onboarding
The iSignthis service will provide XM.COM with a user friendly, automated customer onboarding system, allowing XM.com to meet the stringent KYC requirements of CySEC and the EU’s 4th AML Directive (“4AMLD”). The 4AMLD is set to come into effect in June 2017 within the EU.
ACY Securities Supports ASIC’s Product Intervention OrderGo to article >>
The service also opens up the potential customer market for XM.COM to any of the world’s 3.5 billion financially included persons, with XM able to onboard customers who elect to pay by credit or debit card within minutes.
Commenting on the new partnership, Managing Director John Karantzis said: “We are delighted to reach agreement with XM.COM, enabling XM to take advantage of iSignthis’ world best practice online identity services.”
The iSignthis Digital KYC service will be made available to all XM.COM customers from mid to late 2016.