Partnership will see LMS deliver law firm identity checking technology to PLS Solicitors
Conveyancing services provider LMS (Legal Marketing Services) has announced a new partnership with property law firm PLS Solicitors to integrate Confirmly with its case management system.
Amid the increasing Solicitors Regulation Authority (SRA) fines for anti-money laundering (AML) compliance breaches, PLS Solicitors is now leveraging the law firm identity checking technology Confirmly to provide “trusted and real-time monitoring” when verifying bank account details.
According to LMS, Confirmly minimises the risk of fraud in the transaction process by allowing the firm to verify bank account information in real time. The technology uses LMS’s Panel Link and specialist data, as well as gathering trusted third-party data, to reduce the risk associated with money transfers throughout the conveyancing journey.
The collaboration, LMS said, is proof of its commitment to driving widespread adoption of technology across the industry.
“Fraud and money laundering has always been present in the sector, not only affecting borrowers but also law firms that are later faced with fines,” Travis Scholes (pictured), commercial director at LMS, said. “LMS is continuously working alongside law firms to develop technology that ensures a smooth conveyancing journey while offering peace of mind and we’re looking forward to seeing great results for PLS Solicitors.”
Dean Carruthers, head of operations at PLS Solicitors, stressed that their customers’ conveyancing journey is important to them, not only in terms of quality of service but also for safety and reliability.
“Fraudsters continue to become more sophisticated in their methods,” he noted. “By working with providers like LMS and its innovative product, Confirmly, we have further endorsed our security processes, giving us the peace of mind that our customers are secure.”
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