Backbase secures onboarding deal with eToro

Latest News

Backbase secures onboarding deal with eToro

By Alexandra Leonards

25/8/2021

Engagement banking tech provider Backbase has won a contract with eToro to improve its digital onboarding and back-end compliance infrastructure.

The multi-asset investment platform will adopt Backbase’s digital sales solution to deploy a fully digital account opening experience across its global user base.

The company will also incorporate a new Know Your Customer (KYC) architecture.

“Our mission is to open the global markets so that everyone can trade and invest in a simple and transparent way,” said Israel Kalush, vice president of engineering at eToro. “Since our founding in 2007, innovation has been in our DNA and we require partners whose technology can scale with us.”

Kalush added: “eToro is growing rapidly – we added over 5 million new registered users in 2020 and a further 3.1 million in Q1 2021 and we’re looking to Backbase to support us as we continue this expansion.”

Banking's GenAI evolution: Beyond the hype, building the future

In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions

In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime

The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence

Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.