Following ATFX Connect‘s successful in the global from the third quarter this year, we have evolved from being recognised as a retail broker to an innovative and rapidly growing fintech company with the capability to facilitate and partner with a range of more diversified clients.
The ATFX puts great efforts in striking the right balance between retaining appropriate flexibility for innovations and ensuring that clients interests adequately safeguarded during fintech development.
The company recently created an additional layer to ensure the security and safety services to the clients.
ATFX has announced to launch our new technology – Face Recognition for Trading Account Opening in the fourth quarter of 2019.
In a bid to boost customer confidence, ATFX has introduced face recognition technology to verify customer identities when opening trading accounts online.
ATFX is one of the first FX companies to provide this high technology service in the market.
The Far East is the first implementation region of this new technology. We will apply the advanced version to the global market.
The move aims to allow clients to open the account and conduct transactions anywhere, anytime within 60 secs and without having to visit an office and creating new security standards during the digital era.
The clients only need to fill in the necessary information and import the ID picture.
Afterwards, the Optical Character Recognition (OCR) system can read and identify the information of ID card and the geometry of clients’ faces automatically, which significantly reduces the time or errors compared with the traditional way. Also, it can reach a confidence level of 98%.
Since ATFX is a global brand with offices across the world, our international coverage required an automated KYC due diligence solution suitable for multiple-country use.
To achieve the necessary level of compliance and fight off increasing identity fraud, ATFX has joined forces with Electronic IDentification, providing a single solution for all things compliance and user onboarding.
The above elements benefit the company, clients and the industry because it prevents persons for malicious purposes, ensures the safety of clients’ assets, avoiding the legal issue.
Representative of ATFX, said that “ATFX attaches importance to the security of customer data, so we have used various technologies to prevent risks steadily. This technology will help enhance the security standards and precision in client’s identity verification at offices, thus reducing identity theft in account opening.”
The company has injected investment into the latest fintech solutions to provide one of the best user interfaces in the industry currently.
Our clients will be able to enjoy the benefits from the existing and new innovative services that the fintech arm is offering.
Representative of Electronic IDentification said that “Electronic IDentification is thrilled to provide its Video IDentification technology to ATFX to drastically reduce fraud and improve customer onboarding while compliant with the highest regulations worldwide.
Legal: ATFX is a trading name of AT Global Markets Limited (ATGM, registration number 24226 IBC 2017). ATGM is an International Business Company in Saint Vincent and the Grenadines. Registered address is: The Financial Services Centre, Stoney Ground, Kingstown, St.Vincent & the Grenadines.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.