INGOT Brokers, a world-class brokerage firm that helps customers to trade on a wide range of markets, is today announcing its partnership with Sumsub, an identity verification platform that covers KYC/KYB/AML needs. The companies are joining forces to leave lengthy manual user verification in the past and provide clients from all over the globe with quicker, more reliable checks.

INGOT Brokers is an Australian multi-asset brokerage company that provides traders with easy access to the financial markets. With over 10 years of experience, the firm creates a perfect trading environment, providing all the technology, resources, and support required by their users. INGOT Brokers has over 1,000 financial instruments available to trade across 8 asset classes—agriculture, energies, metals, stocks, indices, ETFs, forex, and cryptocurrencies. As a fully regulated broker, INGOT Brokers adheres to strict regulatory requirements, keeping their platform transparent, secure and compliant.

As manual verification became too much of a burden and started affecting user experience, INGOT Brokers set about automating their service and reinventing their onboarding with Sumsub’s KYC/AML solution. Due to people-friendly onboarding mechanisms, quick processing speed, and wide document coverage, Sumsub’s solution helped INGOT Brokers to keep their clients satisfied,

cut the verification time, avoid manual mistakes, and support over 6,500 document types from over 220 countries and territories. Last, but not least, with the help of  Sumsub, INGOT Brokers was able to build a more secure, fraud-proof environment that easily exposes counterfeit documents and prevents platform abuse.

"As we grew, manual verification became tiresome and too time-consuming, making our customers impatient to onboard; we didn’t want to keep them hanging. Choosing automation was the obvious choice. Sumsub’s solution reinvented our user onboarding experience, being able to  quickly verify users with any documents, from any part of the world, while keeping us compliant with KYC and AML regulations. Besides, automation has spared us quite a bit of time that we can put into driving our expansion into new territories," said Ahmed Khawanky, Chief Revenue Officer at INGOT Brokers.

"The sooner your clients can access your service, the more they appreciate the platform. We're glad to fuel INGOT Brokers with the right technology to accelerate their onboarding for their many users worldwide. As their users can create new accounts in a flash, and their platform is properly secured from fraud and compliance breaches, INGOT Brokers can confidently get down to realizing their big plans for further expansion," said Jacob Sever, Co-founder of Sumsub.