AtlasClear Holdings Launches New Online Account Application with Pacsquare
AtlasClear Holdings (NYSE American: ATCH) has announced the launch of a next-generation online account application developed in collaboration with Pacsquare Technologies. This new application aims to streamline the onboarding process for clients interested in trading in the U.S. market. The tool allows clients to provide essential personal, financial, and banking information securely and efficiently, with submitted data undergoing verification by a dedicated risk management team. Benefits include reduced paperwork, quicker processing times, and immediate access to trading upon account activation. The application uses REST-based APIs to manage accounts and user data securely, supporting comprehensive account and user management, including hierarchical management of broker relationships. This launch underscores AtlasClear’s commitment to enhancing the trading experience and solidifying their position as a leader in Fintech trading solutions.
- Launch of a next-generation online account application is expected to streamline the onboarding process for clients.
- Significant reduction in paperwork and processing time for new accounts.
- Immediate access to trading platform upon account activation.
- Robust verification processes ensure the integrity and security of client data.
- Uses REST-based APIs for secure and reliable data exchange, supporting comprehensive account and user management.
- None.
Launch Expected to Provide a Streamlined Onboarding Process for Clients
“We are thrilled to announce the launch of our automated online account application, designed to simplify and enhance the onboarding process for clients eager to trade in the
There are multiple benefits of the new online account application. The onboarding process is significantly streamlined, reducing paperwork and processing time. Its robust verification processes [promote] the integrity and security of client data, offering peace of mind in today’s digital age. Integration with AtlasClear Holdings’ back office empowers clients to engage with its trading platform immediately upon account activation. This quick access to trading is crucial for clients who want to take advantage of market opportunities without unnecessary delays.
The online account application uses REST-based APIs (this API enables communication and data exchange between different software applications via the HTTP protocol) to efficiently manage accounts, users, and broker subordinates with robust security protocols for secure and reliable data exchange. The APIs offer comprehensive account management, including creation, updates, and deletions, alongside a full suite of user management capabilities such as registration, authentication, role assignment, and profile updates, all adhering to strict security and privacy standards. Additionally, the APIs support hierarchical management of brokers and their subordinates, enabling easy addition, modification, and removal of subordinate relationships. The goal is to ensure scalable, maintainable, and high-performance interactions for managing critical data across various entities.
“Our commitment to providing a seamless and secure platform for our clients is unwavering. The launch of the online account application is a testament to our dedication to enhancing the trading experience for our clients. By offering a secure and efficient onboarding experience, we aim to simplify the journey for clients to begin trading in the
About AtlasClear Holdings, Inc.
AtlasClear Holdings plans to build a cutting-edge technology enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on the small and middle market financial services firms. The goal of AtlasClear Holdings is to have a fully vertically integrated suite of cloud-based products including account opening, trade execution, risk management, regulatory reporting and settlement. The team that leads AtlasClear Holdings consists of respected financial services industry veterans that have founded and led other companies in the industry including Penson Clearing, Southwest Securities, NexTrade and Anderen Bank.
About
About Commercial Bancorp of
Commercial Bancorp of
Cautionary Statements Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect AtlasClear Holdings’ current views with respect to, among other things, the future operations and financial performance of AtlasClear Holdings. Forward-looking statements in this communication may be identified by the use of words such as “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “foreseeable,” “future,” “intend,” “may,” “outlook,” “plan,” “potential,” “proposed” “predict,” “project,” “seek,” “should,” “target,” “trends,” “will,” “would” and similar terms and phrases. Forward-looking statements contained in this communication include, but are not limited to, statements as to (i) AtlasClear’s expectations as to various operational results, (ii) AtlasClear’s anticipated growth strategy, including the proposed acquisition of Commercial Bancorp and (iii) the anticipated benefits of the online account application.
The forward-looking statements contained in this communication are based on the current expectations of AtlasClear Holdings and its management and are subject to risks and uncertainties. No assurance can be given that future developments affecting AtlasClear Holdings will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond the control of AtlasClear Holdings. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them.
Such factors include, but are not limited to: AtlasClear’s inability to successfully integrate, and/or realize the anticipated benefits of, the acquisition of
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Source: AtlasClear
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