Admirals strategically partners with AI-based service Ofindo to authenticate client identities from 25 European countries.
Following a commitment to strengthening the European business scale, forex broker Admirals signed a strategic partnership with identity verification services provider Onfido. This collaboration aims to improve client orientation in more than 25 European countries by providing online investment services.
Onfido technology plays a critical role in this partnership. This AI-based identity verification technology allows this low-spread broker to enhance security, reduce fraud, and speed up the onboarding stages. It authenticates user identity and ensures compliance with various laws and regulations.
Stefanos Mistrellides, Product Manager at Admirals Onboarding, said: "Working with European clients in a legal and secure environment requires a forward-looking and reliable partner like Onfido. We aim to strengthen Admirals' position as the fintech headquarters for Europe.
Forex broker Admirals has offered investment financial services, including forex, CFDs, shares, and ETFs for 20 years. It continues expanding its offerings worldwide, with headquarters in the UK and offices in Cyprus, Estonia, and Australia. Since 2001, the MT4 and MT5 broker has earned several recognitions and awards for its innovative trading tools.
This Admirals news highlights significant improvements to its trading platform and the adoption of technology to stay ahead. Moreover, the company began developing a trading platform on the website, launched in November 2023. This new program allows users to access 7,400 financial products.
In other Admirals news, the company unveils Match Prime as the new liquidity provider.