Integration of Tiger Brokers (Singapore)’s online brokerage solution with Onfido’s identity verification technology streamlines user onboarding.
Tiger Brokers (Singapore), the online brokerage, today announced a partnership with Onfido, the global identity verification and authentication company, to automate customer onboarding using Onfido’s AI-powered document and biometric verification solution, to verify users quickly and efficiently while meeting Know-Your-Customer (KYC) requirements.
With the increasing number of users onboarding, Tiger Brokers (Singapore) trading platform, Tiger Trade, wanted to ensure a hassle-free and seamless onboarding process for its users. Onfido’s solution will help to automate the verification process, enabling Tiger Brokers’ users to complete the KYC process in a secure and efficient manner so they can onboard and start their investment journey on Tiger Trade faster and with a convenient user experience.
With Onfido’s award-winning identity verification solution, users can verify themselves by simply taking a photo of their passport or Singapore NRIC and a short selfie video. Onfido first checks that the ID is genuine and not fraudulent, and then performs liveness checks to verify the selfie is a live video and matches it to the photo in the ID. This adds a layer of protection against stolen IDs and impersonation attempts.
Eng Thiam Choon, CEO of Tiger Brokers (Singapore)
Harvinder Singh, GM APAC of Onfido