TrueLayer, Europe’s leading open banking payments network, today announced that online trading platform Tiger Brokers UK Ltd is now using TrueLayer’s Signup+ product to streamline customer onboarding and funding.
Tiger Brokers users in the UK can now choose the “Express” option, powered by Signup+, when creating a Tiger Brokers CFD account. Users select their bank, and their identity data then auto-populates in the form, removing the need to manually fill out personal and bank details to open their account, provided other KYC requirements have been met.
The partnership arrives at a time when users increasingly demand fast, trustworthy onboarding. A survey from TrueLayer and YouGov found that nearly two-thirds (63%) of financial services customers in the UK are only willing to spend 10 minutes creating an account before giving up.
Commenting, Mark Goater, Director at Tiger Brokers UK, said: “Finding the perfect balance between compliance and user-friendliness in the onboarding process for brokers is a significant challenge. Thanks to TrueLayer, we’ve successfully streamlined this experience. Now, Tiger Brokers UK clients can enjoy a more efficient onboarding and deposit process, significantly reducing the time and effort required.”
Commenting, Mariko Beising, VP Financial Services & Partnerships, said: “Now more than ever, users aren’t willing to suffer through a slow and cumbersome signup process. We’re thrilled to partner with Tiger Brokers to help make onboarding faster and simpler with Signup+ so that their users can get started on the platform as quickly as possible.”