Verify 365, a legal technology provider based in the UK, has announced the launch of its latest innovation, DynamicID, a revolutionary biometric risk engine software. This technology is designed to provide reliable fraud protection and identity verification and is built and owned in-house, providing a superior solution for law firms compared to competitors who rely on third-party providers.
By owning and building its own technology, Verify 365 ensures cybersecurity, customisation, and data protection, all of which are paramount in the legal industry.
Rudi Kesic, CEO of Verify 365, says, “DynamicID is the culmination of our efforts to provide the most advanced digital onboarding software available in the market. Our technology is designed to be highly adaptable, customisable, and secure, making it the ideal solution for AML compliance requirements.”
The technology uses advanced biometric algorithms to accurately verify the identity of individuals in real time. This ensures the utmost security for Verify 365’s clients, and the technology is always up-to-date with the latest security standards.
Mev Dzihic, CTO of Verify 365, says, “By building and owning all our own technology, we can ensure that our client’s data is always secure and that our technology is always up-to-date with the latest security standards. This is what separates us from the likes of Thirdfort and Legal, who simply license and white-label Onfido’s biometric technology. The competitors don’t actually own their software- they’re just licensees.”
Azeem Rashid, COO of Verify 365, adds, “By owning and building our own technology, we can ensure that our clients have access to the most advanced and reliable solutions available, ensuring that we are always one step ahead of the competition.”
Verify 365’s latest software version, Enterprise, now includes a new KYB (Know Your Business) service, which can instantly verify companies in over 75 countries, including verifying UBOs (Ultimate Beneficial Owners). This feature is critical in protecting law firms from money laundering and ensuring full compliance with AML regulations.
Verify 365 also offers the latest eSign technology, including Advanced and Qualified eSignatures, which brings new benefits to law firms such as faster contract signing, increased efficiency, and cost savings. Additionally, Verify 365’s ePayments feature enables clients to make payments on account during the client onboarding journey.
Verify 365 is the only platform in the world to provide a complete digital client onboarding journey for law firms, in full compliance with the Solicitors Regulation Authority AML Regulations and HM Land Registry’s Safe Harbour Digital ID Standard.
Verify 365’s other innovative solutions, such as MyID, a digital ID wallet, and SecureSend, which streamlines the conveyancing process, demonstrate the company’s commitment to building exciting new technology in the UK. By owning and building its technology in-house, Verify 365 is able to offer a superior AML platform to law firms looking for reliable, customisable, and secure technology solutions.
For more information about Verify 365’s DynamicID, its digital onboarding software, and its latest features, please visit www.verify365.app
