SINGAPORE – June 6, 2023 – Verify 365, a leading innovator in risk and compliance onboarding, has been officially selected by the UK Ministry of Justice to join its Lawtech delegation to Singapore the week commencing 19th June 2023. This remarkable recognition stems from the firm’s groundbreaking biometric DynamicID technology and its unique KYB and KYC solutions, which are transforming the legal tech landscape helping law firms securely complete AML and SoF checks.
This selection coincides with the unveiling of Verify 365’s new office in Singapore, a strategic expansion that will enhance the company’s international footprint and enable it to better serve the Singapore market. This follows the successful opening of their Australia office earlier this year, and the opening of Dubai office last year, which is already making substantial inroads into the local market.
“Over the past few years, Verify 365 has seen substantial growth internationally, driven by our dedication to help companies and law firms seamlessly onboard their clients,” said Azeem Rashid, Director at Verify 365. “We are proud of the trust and recognition we’ve received, which validates our innovative solutions in the Lawtech space.”
“Looking ahead, our focus remains on simplifying the onboarding process without compromising on security or compliance. This balance is crucial, especially given the complexities of global anti-money laundering (AML) regulations. As we open our new office in Singapore and join the UK Government’s Lawtech delegation, our mission is to help firms from all over the world securely verify and onboard their clients, mitigating risk and boosting efficiency.”
“With Verify 365, clients can have peace of mind knowing that they are securely protected while enjoying a simplified onboarding experience. We are excited about this next chapter of growth and look forward to enhancing our international presence and impact.”
Verify 365’s solutions are heralded for their simplicity and compliance. By leveraging the firm’s proprietary biometric technology, businesses can onboard clients swiftly without compromising on legal regulations and risk management. The legal industry in Singapore faces increasing demands to adopt technology and provide seamless client services. Verify 365 recognises these challenges and is dedicated to helping law firms navigate the complexities of onboarding while safeguarding their interests.
The Ministry of Justice GREAT Legal services have an exciting itinerary for the week, reflecting the array of opportunities this delegation provides.
Wednesday, June 21 begins with an opening workshop at the British Chamber of Commerce in Singapore. The day continues with a session hosted by the Infocomm and Media Development Authority in Singapore (IMDA). The afternoon brings a panel discussion and workshop at the Asia Market Entry offices, providing an excellent opportunity for dialogue and collaboration.
Thursday, June 22 starts with engaging panels and dialogues with the Singapore Ministry of Law. Great Legal Services Minister and Mike Freer will be joining for a portion of these engagements, further highlighting the importance of these discussions. The afternoon features a roundtable with UK law firms based in Singapore, followed by a reception at Eden Hall, the British High Commissioner’s residence in Singapore, with Minister Freer.
Friday, June 23 will be an intensive day dedicated to business matching meetings for the Lawtech delegation, providing a perfect chance for Verify 365 to showcase its innovative solutions.
“The Lawtech delegation trip to Singapore represents an important milestone for Verify 365. We are honored to be part of this high-profile delegation,” said Azeem Rashid, Director of Verify 365.
“This trip serves as a testament to our company’s continuous efforts to innovate and lead in the Lawtech industry. As we participate in the various workshops, panels, and business matching meetings, we aim to create strong partnerships, learn from our counterparts, and share our vision for secure, streamlined onboarding processes.”
He continued, “We view this trip as a chance to showcase our proprietary solutions on a global stage, demonstrating how our commitment to simplifying yet securing the onboarding process can benefit firms across the globe. We’re eager to connect with Singapore’s vibrant legal and Lawtech ecosystem and forge new relationships that will drive our continued growth and success.”
Director Azeem Rashid also commented, “Our move into Singapore demonstrates our commitment to growing Verify 365’s global presence. This expansion will allow us to better serve our international clients, helping them navigate the complexities of AML and KYC regulations with ease and confidence.”
With Verify 365’s solutions, law firms can onboard clients efficiently, ensuring secure and accurate identity verification. These solutions echo the company’s commitment to maintaining compliance without compromising simplicity.
For more information about Verify 365 and its services, please visit www.verify365.app.
About Verify 365
Verify 365 simplifies risk and compliance onboarding with proprietary biometric technology, leading KYB and KYC solutions, and the industry’s fastest app-led onboarding. With a global presence, the company ensures secure and accurate identity verification for customers and businesses in over 200 countries. Verify 365’s commitment lies in streamlining the onboarding process while maintaining compliance with global anti-money laundering (AML) regulations. For more information, visit www.verify365.app.
