Tickmill Ltd has partnered with Sumsub to improve its onboarding process for new clients. The company has integrated Sumsub’s verification technology to simplify account activation and reduce wait times in certain countries.

Sumsub recently formed a partnership with Chainalysis to offer businesses a combined solution for Know Your Customer (KYC), Anti-Money Laundering (AML), and transaction monitoring. The integration aims to provide automated monitoring, improved fraud detection, and a unified dashboard for managing compliance processes.

Sumsub Tools Applied in Tickmill Onboarding

“The Sumsub integration was a natural step in our effort to simplify and speed up our onboarding process,” said Mariam Dawas, Tickmill’s Group Head of Back Office.

Tickmill, a broker offering trading in Forex and CFDs, will use a range of Sumsub tools. These include facial biometric checks, identity document verification, proof of address verification, and anti-money laundering screening.

“As the first touchpoint with our clients, it’s important that activation is fast, seamless and effortless so that they can start trading without delays. It’s all about a better experience from the very first step,” Dawas added.

You may find it interesting at FinanceMagnates.com: Tickmill Integrates Copy Trading Platform of SoFinX.

New Verification Integration for Broker Compliance

“Our advanced verification tools help brokers like Tickmill stay ahead of evolving regulatory demands while maximizing conversion rates and safeguarding traders from digital hazards,” commented Andrew Sever, co-founder and CEO of Sumsub.

The goal of the integration is to make it easier for new users to open accounts and begin trading. Tickmill provides access to several asset classes, such as currencies, commodities, indices, stocks, ETFs, and cryptocurrencies . The verification tools are designed to support compliance while speeding up the user registration process.

“What makes this partnership even more meaningful is our shared vision of building a secure digital future where people from all over the world can access financial services online with trust and confidence,” Sever concluded.