Verify 365 is built with innovative solutions designed to streamline your processes, enhance your due diligence processes, and ensure compliant practice within the regulatory guidelines set by various governing bodies.
Our technology enables lawyers, solicitors, conveyancers, and estate agents to complete the necessary checks and due diligence, enhance their overall processes, and increase efficiency. Our proprietary technology ensures you can not only onboard clients faster but also expand your services and take on more clients because your workflows will be much faster.
Let’s dissect the nine elements which make up the Verify 365 platform and give you a comprehensive breakdown of exactly what you get and what it means for your firm.
The Nine Elements of the Verify 365 Platform
As noted above, our innovative client onboarding platform is a combination of nine innovative tools that will transform your processes and ensure you are practising compliantly. Here are the nine elements which make up the Verify 365 platform:
DynamicID Technology – Our award-winning biometric identification software enables firms and agencies to complete fast identity checks, confirming an individual’s identity within a few minutes. Using facial recognition, NFC technology and liveness scanning, DynamicID ensures you are able to verify an individual’s identity and recognise over 10,000 legal documents from over 200 countries.
Address Verifications – As well as confirming an individual’s identity, Verify 365 enables you to verify an individual lives where they say they do and business operates from where they say they do. Your clients will upload proof of address documents that confirm they reside at the address they are claiming. Proof of address documents our technology accepts includes utility bills, bank statements, mortgage statements and HMRC letters.
Source of Funds Checks – Our innovative combination of open banking technology, advanced AI analytics and our source of funds questionnaire enables you to verify an individual or businesses’ source of funds and source of wealth. Connect with over 4,000 banks worldwide to analyse financial data and decipher the true source of funds as well as mitigate risk and report any suspicious activity.
PEPs & Sanctions Screening – Also built within the Verify 365 platform is the ability to confirm an individual or businesses’ current status. Our reports will confirm to you and your team if your client is politically exposed, under any current sanctions or dealing with adverse media. The comprehensive reporting enables you to mitigate risk and protect your firm from potential threats.
KYB Checks – Our innovative platform enables you to fully verify a company’s information through our KYB checks. From the checks on offer to your team, you can confirm a business’s ownership structure and the Ultimate Beneficial Owner, a company’s source of funds and wealth, as well as confirm a company’s physical location and legal status.
Property Searches – Through Verify 365, you can complete comprehensive searches for both commercial and residential properties. Our searches enable you to complete property searches on both local and national properties.
eSignatures – Verify 365 is playing a significant role in speeding up overall workflows and built within the platform is our electronic signature technology which enables you to spend documents electronically to be signed by your clients with signed documents available to you in the platform once completed. This eradicates the manual processes and increase both efficiency and productivity.
ePayments – Similar to our eSignature technology, we have also incorporated digital payment technology enabling you to receive payments at a much faster rate. Create structured payment plans with your clients, send invoices and streamline your processes to increase your workflow efficiency and ultimately get paid faster.
eForms – Access a universe of legal documentation fitting various practice areas and matters. Over 2,000 forms at the touch of a button through the Verify 365 platform.
If you’re keen on discovering more about incorporating Verify 365 into your client onboarding processes, speak with one our expert team today and book a demo here.
