How Exness consolidated AML compliance with KYC and fraud protection, slashing costs in half
document recognition coverage (including specific Asian IDs)
of ongoing compliance tasks
300 billion+ monthly trading volume
Trading market giant, Exness, regulated by the FCA, FSA and CySEC, wanted to acquire a single scalable automated solution with a robust environment to meet compliance demands.
Since Exness is a global company with offices in Cyprus, UK and the Seychelles, their international coverage required an automated KYC solution suitable for multiple-country use.
Exness conducted market research to find KYC/AML providers that could match their extensive international coverage. The main criterion was a unified solution with a single flow that had to:
Work across regulated jurisdictional coverage with different requirements, with completely different flows and documents, that users have to submit;
Manage user flow masses;
Be a powerful technological product that is GDPR compliant, backed by the support of experienced compliance advisors;
Elevate conversion rates to a new level while perfectly aligning with each regulation.
Established presence in Cyprus and the trading industry
Compliance proficiency and legal expertise in FCA, CySEC and MFSA
Custom-made product for trading