Saxo Bank Securities and TRUSTDOCK Team up to Simplify Account Opening

Saxo Bank Securities, the Japanese unit of Copenhagen-based multi-asset trading and investing platform Saxo Bank, has entered a strategic partnership with TRUSTDOCK Co., Ltd, eKYC solutions provider for ID verification in Asia.

Within the partnership, Saxo Bank Securities introduced TRUSTDOCK Co., Ltd’s online identity verification service TRUSTDOCK.

By performing identity verification online, the collaboration now enables Saxo clients to open an account within as little as two business days from the date of application. This move was in response to Saxo clients' demand of opening an account more quickly.

In January, Saxo Bank Securities has introduced a new authentication process​ to enhance login security.

Earlier this month, Saxo Bank's trading volumes for March 2023​ shew an increase in FX demand. The total trading volume for the month came in $482.1 billion, increasing 34 percent on a month-to-month basis from February’s $359.8 billion. Additionally, the total average daily volume in March was $21 billion, which was nearly 16.7 percent higher than last month's $18 billion.