Finery Markets Launches Electronic Onboarding Tool
Finery Markets has launched an automated electronic onboarding tool, allowing users to spend more time trading and less on the pre-trade process. The new electronic onboarding tool provides users with a single access point to every step of the process, eliminating the need for multiple external chats and communications.
Speaking about the announcement, Konstantin Shulga, CEO at Finery Markets said,
“When you’re ready to trade crypto, the last thing you want is to wait a long time to get it up and running. Manual onboarding processes can be a headache, as they remain remarkably slow. We are excited to launch our new automated onboarding tool.”
“This tool will streamline the onboarding process for our liquidity takers and market makers, providing them with an efficient electronic solution that will save time and resources.”
Step-by-step process explained:
Step 1. Choose your counterparty
The electronic onboarding tool features FM Space, a comprehensive dashboard that provides all the necessary information about potential partners. This feature allows users to select and simultaneously conduct electronic onboarding with multiple partners based on criteria such as jurisdiction, regulatory information, available currency pairs or bank relations.
Step 2. Initiate onboarding
The tool allows liquidity takers and liquidity providers to easily initiate onboarding, set up meetings, exchange messages, and apply for KYB (know-your-business) procedures electronically.
Step 3. Track your application
The tool’s user-friendly interface allows users to quickly navigate through their application status, documents needed for onboarding, or ongoing compliance requirements.
Step 4. Start trading
After completing the KYB checks, users can quickly set up bilateral risk management parameters and start trading instantly.
Finery Markets’ new electronic onboarding tool is now available for all users of the platform. It is expected to significantly reduce onboarding times while increasing process efficiency for all customers.
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