GBG Joins Tradesocio’s Marketplace Bringing Fresh Compliance Features

GBGTradesocio, the Singapore based leading fintech firm well known for its huge marketplace and customised investment technology provider, recently revealed in an announcement its strategic partnership with UK based firm to boost its compliance offerings.

As per the statement released by the firm, it has entered into a deal with GB Group Plc, in a fresh attempt to bring revolutionary regulatory compliance mechanism in today’s digitalised era. GBG is a well known UK based identity management specialist renowned for a wide array of services ranging from criminal record checks, AML and KYC to customer data analytics.

GBG’s identity management services have a special focus on fraud, risk, compliance, privacy, customer location, and other aspects which make up the broad list of requirements for regulatory compliance in order to simplify due diligence processes.

Given the list of features that come along with GBG’s identity management package, the platform’s technology allows a financial service provider tremendous advantage by reducing the time taken for complete background checks by half. GBG’s tech combined data, intelligence, and process automation in order to provide a comprehensive infrastructure for business cross-industry which helps encourage the growth of the firm by allowing it to channel more of its resources into areas that will help them increase their market share.

By joining Tradesocio’s marketplace which also includes various other regulatory providers, GBG has now become a part of southeast Asia’s biggest and fastest-growing marketplace whose members all share the same holistic approach to automation-enhanced business intelligence while also gaining access to the fresh venue for gaining more clients and increased global footprint.

Tradesocio is also highly popular among huge private investment groups, institutional-grade investment and asset management service providers, brokers and banks for its tailor-made middle and back-office product solutions aside from access to its marketplace. With its latest partnership, Tradesocio gains a new boost to its already robust middle-office solutions which can be used by its clients alongside their current implementations.

Commenting on this partnership, Wael Salem, CEO of Tradesocio said, “We are extremely pleased to have a regulatory technology provider of GBG’s calibre on our side. GBG provides an invaluable source of expertise in the field of regulatory compliance, AML and KYC policies and best practice”.

Speaking on the same note, Nigel Clark – General Manager for Identity Verification at GB Group added, “Partnering with Tradesocio is an important stride in the direction of making our technology solutions available to a growing number of financial institutions worldwide, across many different sectors”.