Online trading platform, Tiger Brokers UK has embarked on a transformative partnership with TrueLayer, Europe’s leading open banking payments network.
At the heart of this partnership is TrueLayer’s innovative Signup+ product. This product aims to significantly accelerate customer onboarding and funding for Tiger Brokers. By integrating Signup+, Tiger Brokers has introduced an “Express” option for its UK clientele, facilitating a seamless and efficient process in setting up a Tiger Brokers CFD account.
This integration allows users to simply choose their bank and have their identity data auto-populated in the form, effectively bypassing the tedious task of manual data entry for personal and bank details, contingent on meeting other KYC requirements.
This partnership is particularly timely, addressing a critical need for swift and reliable onboarding processes. A recent survey conducted by TrueLayer and YouGov underscores this urgency, revealing that nearly two-thirds (63%) of financial services customers in the UK are willing to spend no more than 10 minutes creating an account before they opt to abandon the process.
Tiger Brokers UK’s dedication to providing a unique trading experience is well-aligned with TrueLayer’s commitment to enhancing the efficiency and user-friendliness of financial services. Mark Goater, Director at Tiger Brokers UK, emphasized the significance of this partnership, stating, “Finding the perfect balance between compliance and user-friendliness in the onboarding process for brokers is a significant challenge. Thanks to TrueLayer, we’ve successfully streamlined this experience. Now, Tiger Brokers UK clients can enjoy a more efficient onboarding and deposit process, significantly reducing the time and effort required.”
Echoing this sentiment, Mariko Beising, VP Financial Services & Partnerships at TrueLayer, highlighted the evolving expectations of users, noting, “Now more than ever, users aren’t willing to suffer through a slow and cumbersome signup process. We’re thrilled to partner with Tiger Brokers to help make onboarding faster and simpler with Signup+ so that their users can get started on the platform as quickly as possible.”
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