Backbase Partners with eToro to Enhance Digital Onboarding Experience for Customer

​Backbase, an Engagement Banking technology provider, announced that it has partnered with eToro to enhance eToro's digital onboarding capabilities and back-end compliance infrastructure. 

The collaboration will see eToro adopting Backbase's Digital Sales solution to deploy a fully digital and seamless account opening experience across its global user base, as well as a new Know Your Customer (KYC) architecture to better support the platform's growth and compliance across the full customer lifecycle.

Backbase's Digital Sales solution will be deployed via Microsoft Azure – ensuring that, as eToro grows, its digital architecture will be able to scale alongside it. Operating in a cloud environment will allow Backbase to rapidly deploy new product features and updates to help eToro stay fully compliant with evolving regulatory requirements on an ongoing basis.

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Matthijs Eijpe, Regional Vice President, EMEA, at Backbase, said: "We are thrilled eToro chose us to support their vision of building a scalable, future-proof onboarding architecture. eToro are true fintech pioneers, and their decision to work with us is a testament to Backbase's commitment to – and success in – building innovative technology solutions that support our customers' near- and long-term growth ambitions while still centering the end-user experience."