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.”

The Future of Intelligent Finance

FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments

Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud

As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.