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.”

Read this next

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

<