CLIENT ONBOARDING + KYC
COMPLETE CLIENT ONBOARDING + KYC IN ONE PLACE
Deliver a positive client experience right from the start with a digital solution that makes capturing and validating information as easy for your clients as it does for you.
Set up your customers, verify identity and source of funds, complete KYC / AML checks, and obtain digital signatures – along with property transaction forms (TA) in one easy-to-use, secure and convenient place.
WHAT'S INCLUDED
CLIENT CARE PACK
KYC/AML
SOURCE OF FUNDS
PROPERTY TRANSACTION FORMS
A Trusted, Secure, Compliant Solution
- Rated 4.6 stars out of 5 on iOS and Android app stores with over 200,000 reviews
- UK Government DIATF certified Identity Service Provider
- ISO 27001 and Cyber Essentials Plus certified
- Latest technology including biometric ID verification
- All data stored within the UK
AML/KYC Products
Our powerful new suite of KYC tools are now available in Unity®. By partnering with Credas, a Dye & Durham Solution, we have integrated a wider range of datasets, helping you mitigate ID fraud risks and quickly identify high-risk customers.
Instant AML Check
Exclusive to Unity®, the instant AML Check includes PEPS/Sanctions screening, thumbnail images, adverse media and law enforcement checks, disqualified director checks, digital address verification and fraud/mortality checks – all without any input from your customer.
An upgrade to Veriphy identity confirmation check, Veriphy eAML, Veriphy360, Veriphy International AML check.
Biometric ID & Instant AML Check
Using Credas’ market leading IDV app, your customers will be able to verify their identity from anywhere in the world, at any time. With international document verification coverage and NFC verification as standard as well as smart passive liveness checks, Credas offers a best in class solution that is certified under the UK Governments Digitial Identity and Attributes Trust Framework.
An upgrade to Thirdfort Original ID.
Safe Harbour AML Vendor Check
Developed in collaboration with HMLR, the Credas Safe Harbour standard check requires the vendor to complete an NFC passport check and a second form of identification, along with a full Instant AML Check.
An upgrade to Thirdfort Enhanced NFC ID.
Safe Harbour AML Purchaser Check
Similarly, the purchaser version of the Safe Harbour check includes an NFC passport check and a complete instant AML check, ensuring thorough vetting for all transactions.
An upgrade to Thirdfort Enhanced NFC ID.
Credas Source of Funds
Credas’ Source of Funds solution simplifies the process of gathering and analysing financial information using Open Banking. Customers can upload evidence or connect directly with their bank, depending on the Source of Funds.
An alternative to Thirdfort Source of Funds.
SMART FEATURES FOR SMART SOLICITORS
Our client onboarding solution allows law firms to realise extensive efficiency gains when serving new customers, through key features such as:
- A single, fully-branded customer portal for all client onboarding activities
- Smart dashboards that help you track your outstanding actions
- Smart dashboards and auto-notifications that help you track and complete outstanding actions
- Fully exportable reports with full audit trail and evidence
- Mobile app and remote cloud-based access to enable you to work at your convenience
ONE SOLUTION THAT GIVES YOU MORE
- Terms and Conditions and Estimate of Fees
- eIDAS Level 2 standard E-signable documents
- Easy-to-use merge-field feature for customisable templates
- Full metadata capture, including device, location and time
- Upload and manage multiple templates and signatures
- Embed eSignature into data capture forms
- Automatic email and SMS reminders
- Simple steps for your customers: ‘Snap, Scan and Submit’
- Biometric identity verification
- Safe Harbour-compliant ID checks
- Adverse media checks
- Fraud prevention checks
- Document comprise alerts
- Amberhill database checks
- Adverse media and law enforcement screening
- Disqualified director checks
- PEPs & Sanctions pen portraits
- Dual-source address verification
Ongoing Monitoring
One of the key benefits of directly integrating Credas into the Unity® Global Platform is that we can now include Ongoing Monitoring as part of the solution. Credas’ OGM solution will automatically screen your customers against the latest international PEPs & Sanctions lists and notify you of any changes in circumstances. Our enhanced OGM offering comes at NO additional charge helping you stay compliant while reducing both your administrative burden and costs.
Improved Client Experience
Another benefit of Credas’ marketing leading product is a more enhanced experience for your client such as:
- Option to complete checks via mobile app or desktop
- Contact via both email and SMS
- Dedicated online support portal and access to the Credas support team
- Dynamic fallback options to increase ID check competition rates
- Proof of Funds – Get genuine financial statements in just a few clicks
- Source of Funds – Easy analysis, with automatic categorisation of incoming payments
- Affordability assessments and missed payments profiling
- Summarised transactional behavioural trends – what’s changed in the last 30 days
- Gather additional data through configurable data capture forms
- Simple, seamless integration with your existing CRM and onboarding processes
- Smart funds calculator & tracker
- Dynamic fact-find and evidence capture
- Effortlessly gather financial evidence from your client within minutes using our Open Banking module.
- Save time with upfront information capture
- Fully digitised and custom-friendly Law Society TA forms
- Track progression and completion rates
FREQUENTLY ASKED QUESTIONS
What types of documents can you check?
Our software is able to extract data from official ID documents from all around the world using either NFC to read biometric passports/cards or through machine reading. We run a range of checks to ensure the document hasn’t been tampered with and verifying that the document is in the persons possession at the time (not a digital image).
What data sources do you use for your PEPs and Sanction checks?
We only use verified and official sources that have passed regulator scrutiny, including official governmental UK, UN, EU & US Sanction lists. Our datasets are updated regularly, helping you stay on top of the ever-shifting regulatory landscape. Our Sanction lists are monitored for new releases several times daily, while all other international lists are updated overnight. Our PEP data is refreshed daily.
What is a Safe Harbour Standard ID check?
When a conveyancer adheres to the Digital ID Standard, they can achieve a status known as “Safe Harbour”. HM Land Registry introduced the Digital ID Standard which outlines specific requirements for verifying the identity of parties involved in property transactions. If a conveyancer follows the Digital ID Standard and fulfils the strict requirements, they attain the coveted Safe Harbour status.
Where is the data stored and for how long?
All captured data is stored and encrypted, on enterprise-grade servers entirely within the UK. These servers are owned and operated by one of the well-known global leaders in computing. Data is stored for 5 years as standard, to align with UK legislation, but can be deleted sooner at your request.
CONTACT US
To find out more information about this solution, request a demo, or simply ask us a question, please use this form.