Meet the HM Land Registry's Digital ID Standard
Achieve the coveted Safe Harbour Status and ensure regulatory compliance with Verify 365
Nine innovative tools in one effective AML and compliance solution platform. Verify 365 is the ultimate client onboarding platform enabling law firms to streamline their processes, enhance due diligence processes and ensure compliance with regulatory guidelines. Our technology ensures you take significant steps to prevent fraud and mitigate risk while also meeting HM Land Registry’s Digital ID Standard and achieving the coveted Safe Harbour status.
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REDUCE RISK AND REMAIN AGILE
One Unified Client Onboarding Platform
The Land Registry is inherently at risk of money laundering. To minimise this risk, they wanted to ensure there is a standard where lawyers and conveyancers have peace of mind while they fulfil their duty on identity verification. This comes in the form of an alternative higher standard of identity checking. Simply, this means that for every verification which is carried out, a biometric and cryptographic element must be incorporated into the process. Verify helps you achieve this process and hit the 4 key measures of the standard.
– Obtain evidence from your client– Verify and check that your client provides you original photographic ID documents.
– Check the documents – Identification documents that can be checked cryptographically, such as passports, using data from the “Near Field Chip” (NFC).
– Ensure the document belongs to your client –Reading the cryptographic features within the documentation, confirm the validity of the document and biometrical link it to the client.
– Ensure you can link the client to the address– Allow lawyers to match the client to their address and prove ownership through two or more independent sources.
Trusted by Leading Law Firms
Don't take our word for it, see what our customers say
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Verify 365 set up a complete client onboarding experience for our clients from their platform. This made the AML process for our firm quicker and less time-consuming allowing the fee earners to get on with more important tasks. It's a game changer for our law firm and our onboarding time has literally been reduced to minutes. It's also fantastic for our clients who can verify ID remotely.
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Verifying the client's identity and source of funds used to take weeks due to the client needing to collect, print, and send their information in. A quicker way to verify the client had to be implemented. We wanted a system that utilised face biometrics and NFC technology, and a system that enabled our international clients to be properly identified. Verify 365 goes above and beyond any other system.
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Using Verify 365 for our client onboarding process has been phenomenal, we are now onboarding clients in minutes. We now confidently take on clients from anywhere in the world! It takes seconds to send clients a link from the Verify 365 portal and then we wait for the AML report to be generated, whereas previously there was always an element of risk and uncertainty.
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The integration has enhanced other departments and helped towards practicing compliantly. We are much happier and are properly protected, knowing our checks are compliant. I wouldn’t hesitate in recommending Verify 365
REDUCE RISK AND REMAIN AGILE
One Unified Client Onboarding Platform
NFC-based Biometric Verifications
Straight from the client’s phone, wherever they are. Verify ID in minutes. Seamless biometric checks that use government-grade technology, instantly checking the ID document against the individual’s selfie.
The Better Way of Verifying Addresses
Automation and validation at its best. Our address verifications use various local and national databases to ensure proof of address is not just a utility bill document.
Important Financial Information Obtained Easily
Use automated source of funds analytics to determine the amount to prove and the source of wealth for property conveyancing transactions.
Faster Payments for Better Cashflow and Client Experience
Provide a digital payment portal that gives your clients flexibility and convenience to make instant online payments from digital wallets, credit or debit cards.
e-Signatures Make Your Onboarding Journey Easier
Straight from their phone, wherever they are. Your clients can read, review and sign documents electronically, creating simple audit trails and better client experience.
Submit Legal Forms with integrated FormsEvo library
Browse through a extensive portfolio of integrated digital legal forms. Send, complete and submit forms with ease providing a seamless matter progression.
Get Digital Bank Statements Directly from the Bank
Receive your client’s bank statements using our FCA-Regulated Open Banking technology with financial analytics to help you better understand client income, source of funds and expenditure.
Run Automated Company Checks in Minutes
Verify your business clients in real time with our automated Know Your Business (KYB) Solution achieving full AML compliance.
Easily Obtain Property Information With Our Searches
Send enquiries for personal, local, environmental & flood and water & drainage searches for any property related matter.
- Biometric ID Verifications
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NFC-based Biometric Verifications
Straight from the client’s phone, wherever they are. Verify ID in minutes. Seamless biometric checks that use government-grade technology, instantly checking the ID document against the individual’s selfie.
- Address Verification
-
The Better Way of Verifying Addresses
Automation and validation at its best. Our address verifications use various local and national databases to ensure proof of address is not just a utility bill document.
- Source of Funds
-
Important Financial Information Obtained Easily
Use automated source of funds analytics to determine the amount to prove and the source of wealth for property conveyancing transactions.
- ePayments
-
Faster Payments for Better Cashflow and Client Experience
Provide a digital payment portal that gives your clients flexibility and convenience to make instant online payments from digital wallets, credit or debit cards.
- eSignatures
-
e-Signatures Make Your Onboarding Journey Easier
Straight from their phone, wherever they are. Your clients can read, review and sign documents electronically, creating simple audit trails and better client experience.
- eForms
-
Submit Legal Forms with integrated FormsEvo library
Browse through a extensive portfolio of integrated digital legal forms. Send, complete and submit forms with ease providing a seamless matter progression.
- Open Banking
-
Get Digital Bank Statements Directly from the Bank
Receive your client’s bank statements using our FCA-Regulated Open Banking technology with financial analytics to help you better understand client income, source of funds and expenditure.
- KYB Checks
-
Run Automated Company Checks in Minutes
Verify your business clients in real time with our automated Know Your Business (KYB) Solution achieving full AML compliance.
- Property Searches
-
Easily Obtain Property Information With Our Searches
Send enquiries for personal, local, environmental & flood and water & drainage searches for any property related matter.
Book your free demo today
Get to know the industry leading, and first safe harbour compliant, AML solution and see what it could do for your firm with a quick and easy demo