Source of
Funds
Software
Streamline AML compliance and validate source of funds effortlessly through seamless Open Banking digital bank statements and financial analytics.
- Open Banking Bank Statements
- Source of Wealth Checks
- Financial Analytics
- Source of Funds
- AI Powered Analysis
- Multiple Account Compatibility
- Instant data retrieval
- Connect to 3000+ Banks
Onboard clients quickly & easily
with full compliance
Traditional methods often lack the precision needed to ascertain the source of wealth, leaving room for ambiguity and risk. Our AI powered, Source of Funds solution is designed to provide unparalleled insight into the origin of funds, leveraging the power of Open Banking.
Source of Funds Software for Law Firms,
Estate Agents, Accountants & IFAs
Biometric Identity Check
Learn More
Peps & Sanctions Checks
Learn More
Source of Funds
Learn More
eSignatures
Learn More
ePayments
Learn More
KYB Company Checks
Learn More
Contact Us
Book a Demo
Discover the end-to-end client onboarding journey for law firms, trusted by leading legal firms worldwide
Trusted by law firms globally
See How our Solution Works
Source of Funds Software
Gain Comprehensive Understanding: Utilize Verify 365 to fully grasp where funds originate and their legitimacy.
Advanced Analytics: Employ cutting-edge analytics to spot patterns and irregularities, enabling precise source of funds scrutiny.
Tailored Due Diligence: Customize your verification process for specific industries and risk scenarios, ensuring accuracy.
Regulatory Adherence: Stay aligned with changing regulations while simplifying your source of funds verification.
Why Businesses Use Verify 365 for AML compliance
Navigating the challenges of the legal sector has never been more complex. With increasing demands for security, compliance, and efficiency, Verify 365 provides a solution that law firms globally rely on. From AML compliance to preventing identity theft, we’ve got you covered.
Questions about Source of funds Software?
FAQs
Source of Funds checks involve verifying the origin and legitimacy of funds used in transactions or business relationships. They are crucial for law firms to prevent money laundering, illegal activities, and financial risks while ensuring compliance with regulations.
Verify 365 offers advanced digital checks, including biometric identity verification and Open Banking integration. These technologies enhance efficiency and accuracy in verifying clients’ identities and tracing the origin of funds, ensuring legality and mitigating risks.
Law firms can customise their verification process based on risk levels. By gathering and reviewing pertinent documentation, such as financial records, bank statements, and transaction histories, firms can ensure accuracy and relevance in the verification process.
Advanced analytics enable law firms to analyse audited accounts, rental income statements, and more, providing insights into clients’ wealth accumulation and financial activities. This deeper understanding aids in risk assessment and decision-making.
Law firms should adopt a risk-based approach, assessing factors like the complexity of transactions, presence of gifts, and origin of funds. Consistency in explanations, alignment with expected information, and documentation of decision-making processes contribute to confident judgments.
Verify 365 offers enhanced AML screening and sanctions on each client. Our comprehensive reports assist law firms in demonstrating their proactive, risk-averse policies and dedication to regulatory adherence.
Open Banking provides real-time access to clients’ financial data, allowing law firms to analyse transactions and assets comprehensively. This technology-driven approach improves the accuracy of verification and enhances due diligence.
What Clients have to Say...
A complete client onboarding experience for our clients making the AML process for our firm quicker and less time-consuming. It’s a game changer for our firm and our onboarding time has been reduced to minutes. It’s also fantastic for our clients who find it straightforward and clear to follow.
Read Case Study
Natalie Foster
Partner at Inspire Legal
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.
Read Case Study
Suezanne King
Partner at SMQ Legal
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.
Read Case Study
Raminder Uberoi
Partner at Starck Uberoi Solicitors
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.
Read Case Study
Natasha Bradley
Partner at Optimus Law
Contact Us
Book a Demo
Discover the end-to-end client onboarding journey for law firms, trusted by leading legal firms
worldwide
Trusted by law firms globally
See How our Solution Works
Our Technology Integrations Enable Fast
Client Onboarding
