AtlasClear, a technology-enabled financial services company, has introduced a next-generation automated online account application in partnership with fintech solutions provider Pacsquare Technologies.
The new solution is expected to streamline the onboarding process for AtlasClear’s clients in the US.
According to the financial services company, the new online account application features multiple benefits.
By optimising the onboarding process, the next-generation solution reduces paperwork and processing time. Its advanced verification processes will enhance the integrity and security of client data to offer peace of mind in today’s digital era.
The integration with AtlasClear’s back office will allow its customers to access the company’s trading platform immediately upon account activation. This quick access is essential for clients eager to seize market opportunities without unnecessary delays.
AtlasClear president Craig Ridenhour said: “The goal of this state-of-the-art tool is to allow clients to provide essential personal, financial, and banking information securely and efficiently through a user-friendly interface.
“Our application gathers necessary personal, financial, and banking data required for setting up an account, and the submitted information undergoes verification by our dedicated risk management team to ensure compliance and security.”
AtlasClear’s new online account application leverages representational state transfer (REST)-based application programming interfaces (APIs) to proficiently manage accounts, users, and broker subordinates by employing strong security protocols for secure and reliable data exchange.
The REST-based APIs facilitate communication and data transfer between different software applications through the HTTP protocol.
Besides, the APIs offer extensive account management, including creation, updates, and deletions.
They also provide a whole portfolio of user management features such as registration, authentication, role assignment, and profile updates, all in compliance with stringent security and privacy standards.
Furthermore, the APIs enable hierarchical management of brokers and their subordinates, enabling easy addition, modification, and removal of subordinate relationships.
The APIs will help to guarantee scalable, maintainable, and high-performance interactions for managing critical data across various entities.
