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iDenfy announces partnership with RaiseFX

iDenfy, a Lithuania-based RegTech company best known for its full-stack ID verification service, announced a new partnership with RaiseFX, a prominent player in the online CFD broker sector. This partnership will help RaiseFX create a user-friendly ID verification workflow, enabling users to access trading and investment opportunities in seconds.

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RaiseFX is a player in the highly competitive online CFD trading market. CFDs (i.e., Contracts for Difference) are financial instruments that enable speculation on upward or downward fluctuations in an underlying asset without assuming ownership. When engaging in CFD transactions, in essence, you are investing in a financial derivative as well. The company offers to trade CFDs with a competent license and advantageous conditions.

RaiseFX stands out from other competitors because of its unwavering commitment to customer success. It comprises a team of passionate traders who ensure that the trading conditions play in client satisfaction and success side. To create an unparalleled experience, RaiseFX has introduced a unique offer, currently regarded as the best on the market. The platform utilizes MetaTrader 5 all-in-one trading platform with over 500+ product assets on the catalog. The platform is renowned for having an easy-to-use interface with many customization options.

However, with the increasing rate and cost of data breaches, RaiseFX recognizes the need for robust cybersecurity measures. In 2021, 323,972 internet users reported falling victim to phishing attacks, and during the height of the pandemic, phishing incidents rose by 220%. Additionally, in a recent survey, 3% of small and medium-sized enterprises agree that cybersecurity concerns need immediate action, with 78% stating they will increase investment in cybersecurity in the next 12 months.

To address these challenges, RaiseFX has decided to proactively protect itself from cyber attacks, prioritizing the safety of the customer onboarding experience. Seeking a reliable partner for business security and improved operational efficiency, RaiseFX carefully selected iDenfy over other potential collaborators. iDenfy's exceptional industry reputation and comprehensive suite of security solutions made it the ideal choice. RaiseFX has seamlessly integrated iDenfy's identity verification and Anti-Money Laundering (AML) screening solutions, ensuring a secure and compliant trading environment for users.

The collaboration with iDenfy has proven to be highly needed in overcoming significant challenges faced by RaiseFX. Key issues related to fraud prevention, streamlined onboarding processes, and compliance with regulations have been effectively addressed, thereby fostering a more secure and efficient trading platform. At the core of RaiseFX's priorities lies an unwavering commitment to customer satisfaction, security, and providing the best trading conditions in the industry.

David Bottin, CEO of RaiseFX, declares, "Our commitment is to create an environment where our clients can thrive. By ensuring customer satisfaction, robust security, and the best trading conditions, we are setting new standards in the industry. Our collaboration with iDenfy is a strategic move towards enhancing the security and efficiency of our platform. Together, we aim to set new standards in the realm of financial technology."

The collaboration between RaiseFX and iDenfy is not just a one-time venture. According to iDenfy, it will mark the beginning of a dynamic partnership committed to continuous innovation and growth. Both companies are dedicated to staying at the forefront of industry advancements, consistently exploring new technologies and strategies that will further enhance the online CFD trading experience for users.

"Teaming up with RaiseFX is an opportunity to empower a business that takes confident steps towards success. Our solution plays a crucial role in verifying and preventing fraud, ensuring the seamless execution of global solutions. We are committed to enhancing efficiency and compliance for RaiseFX's innovative platform." — said Domantas Ciulde, the CEO of iDenfy.

As RaiseFX and iDenfy embark on this transformative journey together, both companies are committed to delivering innovative solutions that empower traders and contribute to the evolution of the online CFD trading sector. The partnership signifies a substantial step forward in shaping a more secure, efficient, and customer-centric trading experience.

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