Case Study: Webull reduces fraud and streamlines onboarding with Veriff

Webull helping a leading trading platform fight fraud and streamline user onboarding

Webull, a leading online brokerage platform, faced significant challenges with fraud and compliance as its user base grew. This fraudulent activity was causing revenue loss through deposit reversals and making it difficult to securely onboard legitimate customers. To address this, Webull partnered with Veriff and implemented its Identity and Document Verification solution to enhance security and streamline the user experience.

Veriff provided a multi-layered identity verification system that accurately identified fraudulent activity and prevented bad actors from accessing the platform. This solution allowed Webull to onboard more genuine customers with a faster, low-friction process while maintaining compliance. The partnership with Veriff successfully protected the platform during a period of expansion, with one tailored solution seamlessly meeting expectations for over 40,000 people during registration.

Webull

Brendan Fuller

Chief Risk Officer