Tiger Brokers Singapore Partners with Onfido to Automate Customer Onboarding

The online brokerage Tiger Brokers (Singapore) announced that it has inked a partnership with Onfido, a technology company that helps businesses prove their users' real identities, to streamline user onboarding.

With Onfido's AI-powered document and biometric verification solution, the Singapore's broker will automate the verification process and verify users quickly and efficiently while meeting Know-Your-Customer (KYC) requirements.

Meanwhile, Tiger Brokers' users will complete the KYC process in a secure and efficient manner so they can onboard and start their investment journey on Tiger Trade faster and with a convenient user experience.

"We have constantly made sure we update our platform with usability features, ranging from easier access to financial news to deposit enhancements, and our partnership with Onfido will allow us to onboard new users within a few hours instead of the average/standard two to three business days," said Eng Thiam Choon, CEO of Tiger Brokers (Singapore).

"Singapore is known as the fintech hub of Asia and we are proud to be supporting Tiger Brokers (Singapore) in their digitisation journey," said Harvinder Singh, GM APAC of Onfido.”We pride ourselves on delivering an experience with the best technology solution and we look forward to collaborating with Tiger Brokers (Singapore) as they innovate for the future of the financial industry.”

Earlier, the company has been admitted as a trading member by receiving in-principle approval from two of the primary exchanges in the city-state: Singapore Exchange Securities Trading Limited (SGX) and Singapore Exchange Derivatives Trading Limited.