CFH Clearing Partners with Backpack.io

Clients will no longer need to search for separate back-office components such as CRM, payment aggregators, onboarding registration, ID verification (KYC, AML)

CFH Clearing, a market-leading FCA regulated Prime of Prime brokerage, has partnered with Singapore-based back-office CRM SaaS provider, Backpack.io, to provide a unified integrated solution for online brokerages.

The new partnership provides brokers with a simple, fast and cost-effective way to access all the tools they need to run an online brokerage – from top tier bank and non-bank liquidity through to back office systems, CRM solutions, onboarding, reporting and business intelligence tools. It removes unnecessary hurdles faced by brokers when they mix and match a number of SaaS solutions from multiple suppliers, which can result in months of integration.

The CFH Clearing and Backpack offering is expected to have particular appeal in APAC, where there are an increasing numbers of start-up brokers.

According to Yoni Avital, Founder and CEO of Backpack, “Our partnership with CFH Clearing is a true game changer for existing and new B2B customers. It allows them to launch their brokerages far faster than ever before and at a lower cost. Clients will no longer need to search for separate back-office components such as CRM, payment aggregators, onboarding registration, ID verification (KYC, AML), 360 reporting and business intelligence tools. They will also no longer need to involve system integrators to connect the solutions together. With the use of our smart widgets system, setting up and running a complete brokerage solution has never been easier.

“By partnering with CFH Clearing, with its market leading liquidity and wide choice of trading platforms, we have created a very attractive and scalable offering – providing brokers with a complete and competitive solution.”

Marc Hoyer, Executive Director at CFH Clearing adds, “Our partnership with Backpack is a very exciting development. It helps clients who are seeking a truly complete front-to-back brokerage solution with the highest quality tools, whilst operating securing and efficiently. With the combined offering from CFH Clearing and Backpack, brokers will be able to expand their operations globally using a single software solution.”

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