About Thirdfort limited
Thirdfort Limited: Automated Identity Verification and AML Compliance for Lawyers and Property Professionals
Thirdfort Limited is a UK-based company that provides automated identity verification and anti-money laundering (AML) compliance solutions for lawyers and property professionals. The company was founded in 2017 by Olly Thornton-Berry, Jack Bidgood, and Harry Jones, who saw the need for a more efficient way to verify the identities of clients in the legal and property sectors.
The traditional process of verifying identities involves manual checks that are time-consuming, costly, and prone to errors. Thirdfort's solution streamlines this process by using advanced technology such as facial recognition software, document scanning tools, and biometric data analysis to verify identities quickly and accurately.
One of the key features of Thirdfort's platform is its ability to perform AML checks in real-time. This means that lawyers and property professionals can ensure compliance with regulations such as the Money Laundering Regulations 2017 without having to spend hours manually checking client information against various databases.
Thirdfort's platform also offers secure storage of client data in compliance with GDPR regulations. This ensures that sensitive information such as passport details or bank statements are kept safe from cyber threats or unauthorized access.
The benefits of using Thirdfort's platform are numerous. For one thing, it saves time for both clients and professionals by reducing the need for manual checks. It also reduces costs associated with hiring additional staff or outsourcing identity verification tasks.
Moreover, it helps businesses stay compliant with AML regulations while minimizing their exposure to risk. By automating these processes through Thirdfort's platform, businesses can focus on providing high-quality services rather than worrying about regulatory compliance issues.
In addition to its core offerings around identity verification and AML compliance solutions for lawyers & property professionals; ThirdFort has recently launched an escrow service which allows solicitors & conveyancers across England & Wales (and soon Scotland) to securely hold funds on behalf of their clients. This service is designed to help reduce the risk of fraud and provide peace of mind for both clients and professionals.
Thirdfort's platform has already gained recognition in the industry, winning awards such as the Legaltech Startup of the Year at the British Legal Technology Awards 2019. The company has also received funding from investors such as Seedcamp, which recognizes its potential to disrupt traditional identity verification processes.
In conclusion, Thirdfort Limited is a game-changer in the legal and property sectors. Its automated identity verification and AML compliance solutions offer a more efficient way to verify client identities while ensuring regulatory compliance. With its recent launch of an escrow service, Thirdfort continues to innovate and provide value-added services for its clients. If you're looking for a reliable partner that can help you streamline your business processes while minimizing risk exposure, look no further than Thirdfort Limited!