Breaking Property News 18/11/24
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Streamlined digital ID and source of funds checks means conveyancers can focus on conveyancing.
Client due diligence platform Thirdfort has partnered with UK-based legal technology startup ProConvey. Launched this week, the partnership integrates client onboarding and due diligence into a single workflow, making the onboarding process more efficient for conveyancers.
The alliance enables conveyancing firms to focus on legal work by combining ID and Source of Funds verification with all onboarding tasks in one streamlined tool. Through the ProConvey platform, conveyancers can access Thirdfort’s ID checks and AML services, eliminating the need for repetitive follow-ups and administrative tasks.
ProConvey, founded in January 2022 by former conveyancer Chris Scantlebury, has raised £500,000 in seed funding to support its mission to modernise traditional conveyancing processes. Unlike traditional CRMs, ProConvey was crafted with conveyancers and their clients in mind.
The platform goes beyond digitising forms and aims to reduce case times so clients can move into their new homes more quickly. With a focus on minimising manual errors and improving client satisfaction, ProConvey offers a customisable solution that adheres to rigorous security standards, helping firms boost efficiency without disrupting their existing operations.
Thirdfort’s mission is to protect society from fraud and money laundering. The platform offers simple and secure client due diligence checks for regulated professionals, through automated ID verification, anti-money laundering and Source of Funds checks on individuals and businesses conducting high value transactions such as buying property, drafting a will or instructing a financial advisor.
The new integration offers a better user flow as clients start Thirdfort tasks within the ProConvey platform, where they remain engaged through automated updates. The integration makes each step of the onboarding process clearer with built-in explanations and support, reducing confusion and questions.
Nicholas Hawkins, Director at Chartahouse Conveyancing, said: “Integrating Thirdfort with ProConvey has improved our client satisfaction by streamlining the entire onboarding process. Having all the services we use in one platform allows us to complete ID and Source of Funds checks quickly, enabling us to move cases forward faster and provide a more transparent and efficient experience for our clients”
Olly Thornton-Berry, co-founder and Managing Director at Thirdfort, said: “ProConvey’s straight-forward approach aligns with ours, and together we can offer conveyancers an effective, secure and flexible solution to do their client onboarding, management and due diligence. This partnership highlights our commitment to helping conveyancers work more effectively, cut down on the back-and-forth and ultimately speed up completion times.”
Chris Scantlebury, (picture above) Director at ProConvey, said: ” It’s been fantastic collaborating with Thirdfort, a true game-changer in our industry. Their commitment to innovation and support for conveyancers has been invaluable, and together we’re making real strides in modernising and streamlining the conveyancing process. This partnership underscores our shared vision of transforming the industry with practical, client-focused technology.”
Thirdfort has now verified more than 2m people on behalf of more than 1,500 conveyancers, lawyers, estate agents, accountants and other regulated professional services firms.
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