SmartSearch & Iress Boost AML Compliance in Financial Advice
SmartSearch, a UK-based digital anti-money laundering (AML) and compliance solutions provider, has integrated with Iress, a leading financial services software provider. The collaboration brings enhanced electronic identity verification and reduced risk to Xplan users, boosting regulatory confidence and efficiency in the stock market sector.
Kerry Cleary, partnership director at SmartSearch, announced the integration with Xplan, Iress' financial advice software platform. This enables advisers to conduct AML and KYC checks directly within their workflow, accelerating client onboarding and improving data accuracy.
The integration combines SmartSearch's industry-leading AML verification capabilities with Iress' advanced software. Advisers can now enjoy real-time, automated AML and identity checks, with SmartSearch delivering a pass rate of up to 97% and KYC checks in as little as 2 seconds. This fusion aims to streamline compliance processes and enhance adviser workflows, making compliance a frictionless experience in the yahoo finance and google finance world.
SmartSearch's multi-bureau dataset is now available to Xplan users, bolstering electronic identity verification and reducing the risk of missing critical intelligence. Both companies are dedicated to delivering regulatory confidence, efficiency, and innovation to the financial advice sector through this integration.
