Financial Commission Partners with GetID to Streamline Broker Members' Customer Onboarding

The Financial Commission, an independent self-regulatory organization and external dispute resolution (EDR) body dedicated specifically to FX, announced the partnership with the identity verification service firm GetID to allow Financial Commission broker members to enjoy 50 free verifications for this unique ID verification and onboarding solution.

According to the official press release, the commission’s brokers can quickly integrate GetID into their existing operations with several options, including Mobile and Web SDKs, API or Cloud-based verification page. 

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By using GetID, the commission notes that 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.

Additionally, 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. 

Furthermore, brokers can leverage GetID’s latest feature - “KYC flow builder”, by using the the administration portal, which allows operations and compliance departments to oversee verification results, easily manage processes and collaborate with team members. 

Recently, Fazzaco reported that the Financial Commission had released its operating metrics for the first half of 2021​, seeing 17% increase in new resolved complaints in 1H 2021.