Mobile apps are democratizing online trading; gone are the days when you needed a broker at a Bloomberg terminal to make your trade. Instead, access to real-time financial news and information, ease of use, a captivating user experience, notwithstanding the ability to shape the arc of your financial future from the palm of your hand, are making millions of users gravitate to mobile trading apps. While online trading has been around for a while, these mobile apps have succeeded in bringing trading to the masses. Indeed, these apps are markedly different from incumbent online trading solutions because they are strategically oriented towards the needs of younger users – millennials and digital natives accustomed to the ease and instantaneity of their preferred apps. The Webull app is at the forefront of this mobile revolution in online trading; built by Webull Financial LLC, it is used by over 9 million people around the world. Driven by its mission to provide everyone with an equal opportunity to control their financial future, Webull Financial is a zero-commission, online broker-dealer with no minimum deposit requirements to open an account. Like any other financial entity, Webull needed to implement a Customer Identification Program (CIP) into its account opening process. This was done to comply with regulations such as Know Your Customer (KYC) and Anti-Money Laundering (AML). Regulated entities will testify that identity verification, the core component of the CIP, can often delay customer onboarding – often, users grow impatient with the elongated wait times, and abandon the onboarding process altogether. According to Webull CEO Anthony Denier, “a fast and reliable customer identification process during the account opening process was crucial for us.” Fortunately, Webull was able to find a solution that perfectly fitted with its requirements; after using the solution for only six months, Webull was able to onboard over 100,000 customers instantly, while simultaneously meeting all regulatory requirements. Stock-Trading App Case Study Find out how Webull used Trulioo’s GlobalGateway to accelerate its customer onboarding process. Solutions Individual Verification Simplify KYC Identity Verification Across the Globe Resources Library Know Your Customer White Papers Build Trust and Safety With Digital KYC View All KYC Featured Blog Posts Individual Verification (KYC) KYC: 3 Steps to Achieving Know Your Customer Compliance AML AML Compliance Checklist: Best Practices for Anti-Money Laundering Business Verification (KYB) Enhanced Due Diligence Procedures for High-Risk Customers AML Sanctions and PEP Screening: A Critical Step in the KYC Process Identity Verification Proof of Address — Quickly and Accurately Verify Addresses Individual Verification (KYC) Top 10 Questions About Beneficial Ownership for AML/KYC Compliance Business Verification (KYB) How to Verify Legitimate Businesses and Merchants Individual Verification (KYC) Customer Due Diligence Checklist — Five Steps to Improve Your CDD