Accesspoint Legal Services and Verify 365 Digital Onboarding Technology, two of the UK’s most innovative legal technology companies, have announced a strategic partnership to transform the way law firms onboard clients. As the legal industry continues to evolve, law firms are under increasing pressure to adopt new technologies that can help them stay competitive and meet the latest regulatory requirements.
This new partnership is aimed at providing law firms with cutting-edge digital onboarding solutions, enabling them to streamline their “client journey processes” and improve overall efficiency.” This partnership is an exciting step forward for us and we’re thrilled to be working with Accesspoint Legal Services. said Mev Dzihic, Director of Verify 365. “Together, we’re aiming to revolutionise the legal sector by providing innovative, state-of-the-art technology that will transform how law firms work.”
Scott Brown, Managing Director of Accesspoint Legal Services, added, “We’re delighted to be partnering with Verify 365 on this exciting new venture. We believe that this collaboration will enable us to offer our clients an unparalleled level of service and access to the best technology in the market, helping them to become more efficient and productive than ever before. Accesspoint are actively developing multiple key PCMS integrations to enable more streamlined processes with firms core systems”.
Birmingham-based Verify 365 has developed a suite of cutting-edge client onboarding technologies that is set to revolutionise the way law firms verify and onboard clients. The platform boasts a range of advanced tools, including biometric identity verification – DynamicID, address checks, PEPs and sanction checks, source of funds checks and analytics using Open Banking, eSignatures, and ePayments, all of which are seamlessly integrated into a single client onboarding journey.
Mev Dzihic also noted that the partnership would provide law firms with the tools they need to meet the latest Solicitors Regulation Authority anti-money laundering (AML) compliance requirements. “With Verify 365, law firms can rest assured that they are meeting all of their AML compliance obligations,” he said. “Our platform offers advanced fraud prevention, identity protection and risk management tools that are essential in today’s fast-paced legal environment.”
This state-of-the-art technology is designed to streamline the client onboarding process for law firms, enabling them to onboard new clients quickly and efficiently. “Our platform is the perfect solution for law firms looking to improve their client onboarding processes,” added Rudi. “With our advanced biometric identity verification technology and comprehensive range of AML compliance tools, law firms can rest assured that they are meeting all of their regulatory obligations.”
The current opportunity for law firms in adopting legal tech is immense and the benefits are numerous. “Law firms that invest in digital onboarding technology can streamline their processes, reduce their costs and improve their client experience,” added Scott. “With the Verify 365 and Accesspoint Legal Services partnership, law firms will have access to the latest client onboarding technology, including remote ID checks, eSignatures, ePayments, open banking source of funds checks, and financial analytics in conveyancing.”
In addition to offering advanced technology solutions, both Accesspoint and Verify 365 are proud to support the UK’s thriving tech sector by developing all of its technologies in-house. “We’re committed to supporting the UK economy and tech industry,” added Mev Dzihic. “By building all of our technology in the UK, we’re creating jobs for local people and contributing to the growth of the UK tech sector.”
The Verify 365 platform also offers financial analytics in conveyancing, providing law firms with the tools they need to make informed decisions about their clients’ financial profiles. By leveraging the power of FCA-regulated Open Banking, Verify 365 can help law firms instantly identify source of funds and wealth, assess risk, and prevent fraudulent activity.
Mev Dzihic added, “Partnerships like this are important for the legal industry as they enable firms to stay ahead of the curve when it comes to technology. By collaborating with leading technology companies like Verify 365 and Accesspoint Legal Services, law firms can benefit from the latest innovations and remain competitive in an ever-evolving marketplace.”