HeyTrade teams up with Veriff for identity verification and KYC compliance
HeyTrade, the new full-fledged investing platform, is partnering with Veriff, to help ensure compliance and security. The app makes the process between sign-up and investing straightforward and simple, now with an added layer of security from Veriff.
HeyTrade aims is to facilitate investing to all traders by eliminating high fees, limited market access, and complex paperwork. Veriff will be providing face and document recognition technology to speed up the onboarding process for HeyTrade customers.
Using a simple yet sophisticated mobile platform, HeyTrade is challenging banks and brokers on investing accessibility, user experience and costs. HeyTrade is launching in Spain in June and will be available in other markets soon after.
By integrating Veriff, HeyTrade clients can validate the authenticity of their identity by simply taking a photograph of their government-issued ID and a selfie. Veriff checks that the ID is genuine and then matches it to the user’s face. This process checks that the person is legitimate and ready to start investing through the app. It takes less than 5 minutes to create an account and begin trading.
“At HeyTrade we consider technology and security to be two indispensable assets to offer the best service to our users. Thus, we rely on the best partners in the market, such as Veriff. Its high quality identity verification solution will enable us to fulfill our ambitious growth and scale plans quickly” said Benito Méndez, CTO at HeyTrade. “Veriff helps automate much of our KYC and AML procedures and has been incredibly easy to integrate into our existing tech stack.”
“HeyTrade’s platform is creating new opportunities for the next generation of global investors, and Veriff is excited to provide a reliable and secure identity verification service to help support that mission,” said Janer Gorohhov, chief product officer and co-founder of Veriff. “We look forward to enabling HeyTrade users to invest their funds safely and securely well into the future via our identity verification capabilities.”