IG Japan to use LAB Platform for client onboarding
Australia based client onboarding and RegTech solutions provider LAB Group has announced that the company has expanded into a key international growth market by welcoming IG Japan, a leading Japan-based trading and investing provider and Japanese arm of leading UK based online trading form IG Group (LON:IGG), to the LAB Network.
As a LAB Platform customer, IG Japan will benefit from LAB Group’s Onboarding Framework and Application Manager. LAB Group’s multi-lingual and multi-jurisdictional functionalities have presented key value drivers to IG Japan.
Nick Boudrie, CEO and co-founder of LAB Group, said:
“We are excited to accelerate our international expansion in partnership with IG Japan. This market represents a large addressable opportunity for LAB Group, with foreign exchange alone seeing 2 million plus active traders.
“IG’s continued growth in Japan, and our companies’ long and successful association in Australia, made IG Japan the ideal partner with which to roll out a customised workflow leveraging existing frameworks to provide language support while meeting the compliance requirements of a complex jurisdiction.
“We look forward to continuing to enhance the LAB Platform’s multi-lingual, multi-product, multi-jurisdictional connectivity to improve our customers’ ability to distribute products and onboard new clients.”
About LAB Group
LAB Group is a RegTech providing an innovative KYC & Onboarding platform that revolutionises the customer journey from the very first steps, fulfilling AML/CTF regulatory needs whilst saving time and resources by providing a high degree of automation for account creation and customer lifecycle management using remediation and ongoing customer due diligence processes.
The LAB platform welcomes tens of thousands of people into hundreds of financial product offerings across over 15 industry verticals, matching applicants with a vast array of market offerings.