Birmingham-based Lawtech 365 Group has made history by introducing the first completely UK-built software platform for legal compliance and client onboarding: Verify 365 Enterprise. This groundbreaking platform combines the most advanced tools for AML compliance, identity verification, source of funds checks via open banking, eSignatures and ePayments, providing a comprehensive, user-friendly solution that is unparalleled in the legal market. With Verify 365 Enterprise, the company is transforming the legal sector, offering the best technology and creating new job opportunities for people across the UK.
Verify 365 Enterprise represents a major milestone for UK innovation, as the first AML technology platform built entirely in the UK. At the heart of this new platform lies the most advanced biometric risk engine software currently available, DynamicID. Developed and owned by Verify 365, DynamicID incorporates cutting-edge biometric NFC identity verification technology that is unparalleled in the market, which uses biometric data and machine learning algorithms to perform real-time risk assessments of over 10,000 identity documents from over 200 countries. By offering this technology as part of Verify 365 Enterprise, the platform sets itself apart from other AML compliance solutions, providing a superior onboarding journey and ensuring a high level of security for all users. DynamicID is a proprietary technology developed by Verify 365 software engineers With DynamicID, Verify 365 is able to offer an unparalleled level of identity verification and AML compliance.
Rudi Kesic, CEO of Lawtech 365 Group, said, “I am proud to be leading a group of companies that are making a huge impact in the UK legal sector. Our products and services are designed to help law firms stay ahead of the curve and deliver a better client experience. For example, with the new DynamicID biometrics software and other innovative technologies, we are setting new standards for AML compliance and identity verification. At a time when the economy is facing challenges, we are proud to be creating new jobs in the UK’s technology sector.”
According to recent studies, the use of technology in the legal sector is growing rapidly, with the global legal tech market expected to reach $27 billion by 2026. In the UK, the legal tech industry is also expanding, with many firms investing in new technology to stay ahead of the competition. Lawtech 365 is at the forefront of this trend, providing innovative solutions that help law firms streamline their operations and provide better services to their clients. With its offices in Birmingham, London and Stratford upon Avon, the company has already created numerous job opportunities for technology professionals, including software developers, marketing executives and legal sector AML compliance specialists.
Mev Dzihic, CTO at Lawtech 365 Group, said, “Our Verify 365 platform is revolutionising the way law firms onboard clients and comply with AML regulations. By leveraging cutting-edge technology such as MyID blockchain identity, SecureSend, and DynamicID biometrics, we are setting a new standard for security and efficiency. Our platform also integrates with over 4,000 banks globally for seamless open banking source of funds analytics. The result is a complete end-to-end client onboarding journey that is both secure and user-friendly, helping law firms save time and money while ensuring compliance. We are thrilled to be at the forefront of legal technology innovation, and we look forward to continuing to provide the UK legal sector with the best tools for success.”
In addition to the new Verify 365 “Enterprise” platform, Lawtech 365 Group has also launched Lawyer 365, a legal advice app that allows clients to access legal services from anywhere at any time, and eSign 365, an advanced electronic signature solution for law firms that use a biometric identity check and is set to transform the way legal documents are signed and processed. These innovative products and services are helping law firms stay competitive and deliver better services to their clients.
Azeem Rashid, CMO at Lawtech 365 Group, added, “We wanted to do something different with the latest version of Verify 365 technology, and we understand that onboarding clients is not just about KYC – it’s also about KYB, or Know Your Business. That’s why we have integrated comprehensive KYB checks into our platform, including the ability to identify Ultimate Beneficial Owners (UBOs) and ensure compliance with regulatory requirements. Our platform is designed to provide law firms with a complete picture of the businesses they are working with, so they can make informed decisions and mitigate risk. By making KYB compliance an integral part of the client onboarding journey, we are helping law firms stay ahead of the curve and meet the highest standards of regulatory compliance.”
With the new Verify 365 Enterprise technology platform and other innovative tech solutions, Lawtech 365 Group is helping to position the UK as a world leader in legal technology innovation.
The company is committed to creating jobs in the UK and contributing to the growth of the technology sector, while also helping law firms stay competitive and deliver a better client experience.