July 15th, 2021, The Financial Commission today announces a partnership with GetID – a comprehensive and customizable service that helps businesses verify identities, streamline customer onboarding, stay compliant with regulations and prevent fraud. The new Value-added service allows Financial Commission broker members to enjoy 50 free verifications* for this unique ID verification and onboarding solution.
GetID’s all-in-one solution includes ID Document Verification (7000+ documents, 223+ countries), Face Matching, Liveness test, AML Watchlists Screening, and Proof of Address check. Brokers can quickly integrate GetID into their existing operations with several options, including Mobile and Web SDKs, API or Cloud-based verification page.
By using GetID, broker members can:
- Conduct swift and remote KYC and onboarding
- Reduce workloads for compliance teams
- Save on compliance and legal expenses
- Quickly capture necessary data and speed up the processing
- Customize their onboarding process to their company’s needs
Brokers that are already using GetID have been able to increase their customer conversions up to 40% and cut down verification time by 90% according to the latest case study.
GetID’s latest feature called “KYC flow builder” enables developers and compliance professionals to quickly implement online verification into their system in accordance with specific regulatory requirements, set up multiple verifications flows, choose a preferred integration option and customize the visual appearance by using the UI style editor.
Brokers can take advantage of the system’s flexibility by using the administration portal, which allows operations and compliance departments to oversee verification results, easily manage processes and collaborate with team members.
GetID is a modern and comprehensive solution that enables clients to swiftly and seamlessly perform online Identity Verification, and to significantly improve the onboarding process for your business. GetID provides a number of services depending on the client’s needs, including ID Documents Verification, Age Verification, Face Matching, Liveness Detection, AML/KYC checks, PEPs and Sanctions List Screening across different regulated and non-regulated industries like Fintech, Payments Services Providers, Cryptocurrency, Sharing Economy, Telecom companies, Telemedicine and more.
About Financial Commission
Financial Commission is an independent external dispute resolution (EDR) organization for consumers/traders who are unable to resolve disputes directly with their financial services providers that are members of the Financial Commission. The Financial Commission initially set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading electronic markets such as Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
For more information please contact us at [email protected].
*The GetID service is provided with 50 complimentary verifications for broker members who are in good standing with the Commission per the Commission’s Rules and Guidelines.