Backbase, an engagement banking technology provider, states it has partnered with eToro, a multi-asset investment platform that grants people to expand their education and wealth.
A new collaboration to support eToro’s growth:
The contract intends to heighten eToro’s digital onboarding capabilities and back-end compliance infrastructure (KYC) in a scalable way.
Over the last few months, the social investment platform scalability has been an important topic— as they report eToro’s strong user growth each quarter.
Our mission is to open the global markets so that everyone can trade and invest in a simple and transparent way. (…) Best-in-class KYC provides peace of mind for our users as well as the global compliance standards we need as a regulated broker. Through our collaboration with Backbase, we look forward to bringing our customers a first-rate, frictionless onboarding experience that ensures we are fully compliant in an ever-evolving regulatory environment.
Israel Kalush, VP Engineering at eToro.
Thanks to this new companion, eToro users should manage to register and invest on the platform through an even more seamless account opening experience and with minimal friction across the entire customer lifecycle.
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Disclaimer: eToro is a multi-asset platform that offers both investing in stocks and crypto-assets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
67% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results.
You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience, and knowledge before you decide to trade. Trading with eToro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours.
Crypto-assets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto-assets is unregulated and therefore is not supervised by any EU regulatory framework.
