AI TOOL PROFILE
Verify 365: Client Onboarding Software for Law Firms
- Finance and Accounting
- Identity Verification
- Law firms
- Conveyancers
- Estate agents
- Solicitors
- Compliance officers
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Law firms, Conveyancers, Estate agents, Solicitors, Compliance officers
- Key use cases
- Remote Client Onboarding, AML and KYC Compliance, Source of Funds Verification, Corporate Client Due Diligence
- Integrations
- Actionstep, Clio
- Official website
- Visit verify 365 official website
How AI is used
Verify 365 is an identity verification and onboarding platform designed for the legal industry. It supports Anti-Money Laundering (AML) and Know Your Customer (KYC) workflows through an app-based system that uses biometric and NFC technology to validate identity documents.
The tool is designed for law firms across various practice areas, including conveyancing, family law, and immigration. It may help firms reduce manual document collection and physical office visits by allowing clients to complete verification checks from their mobile devices.
Beyond ID checks, the platform supports onboarding workflows by including digital payments, eSignatures, and Open Banking for source of funds analysis. It is designed to comply with SRA guidelines and FCA regulations, with data stored in the UK.
Buyers should confirm how the platform integrates with their existing case management systems and whether the specific range of supported international documents covers their current client base.
Key Features
Biometric ID Verification
Uses NFC technology and liveness scanning to verify government-issued photo IDs from over 200 countries.
Open Banking Source of Funds
Connects to over 4,000 banks to analyze financial data and help verify a client's source of wealth and funds.
KYB Company Checks
Supports verification of over 500 million UK and international companies to identify ultimate beneficial owners (UBO).
PEPs and Sanctions Screening
Checks individuals and businesses against global politically exposed persons and sanctions lists, including adverse media.
eSignatures and Digital Forms
Includes electronic signatures and a library of over 2,000 digital legal forms.
HM Land Registry Property Searches
Allows users to order property search bundles digitally for conveyancing transactions.
Use Cases
Remote Client Onboarding
Allowing new clients to complete identity and address verification via a mobile app to reduce physical office visits.
AML and KYC Compliance
Performing due diligence checks designed to align with SRA guidelines and HM Land Registry's Safe Harbour standard.
Source of Funds Verification
Using Open Banking to digitally retrieve and analyze bank statements for financial due diligence.
Corporate Client Due Diligence
Running KYB checks to confirm the legitimacy of business entities and their ownership structures.
Integrations
- Actionstep
- Clio
FAQ
Who is Verify 365 designed for?
- It is designed specifically for the legal market, including solicitors, conveyancers, and estate agents.
Does Verify 365 comply with UK legal standards?
- It is designed to comply with SRA guidelines and meets HM Land Registry's 'Safe Harbour' Digital ID standard.
What technology does it use for identity verification?
- The platform uses DynamicID AI-powered verification, which includes NFC chip reading and biometric liveness scanning via a mobile app.
Source category: Finance & Accounting
Source subcategory: Identity Verification
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