Partnership will see LMS deliver law firm identity checking technology to tmgroup
Conveyancing services provider LMS has announced a new partnership with tech company tmgroup to deliver confirmly, its law firm identity checking technology to tmgroup’s client base.
Through the new integration, tmgroup clients will have access to confirmly, which, according to LMS, was designed to minimise 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 third party data to reduce the risk associated with money transfers throughout the conveyancing journey.
“The safety of consumers has never been more important – the nature of the housing market at the moment and the increasing sophistication with which fraudsters target firms means verifying law firm and bank details quickly is vital,” Travis Scholes (pictured), commercial director at LMS, said.
“Doing this without holding up the whole conveyancing process is key for delivering a seamless and efficient journey without compromising on financial safety. That is exactly what confirmly does, and the partnership with tmgroup was a natural one as our visions are so clearly aligned. We’re looking forward to working with the team to deliver some great results across the board.”
Matt Joy, sales and marketing director at tmgroup, added that the integration with LMS confirmly allows them to provide that extra reassurance to clients that any funds they are handling on behalf of the end borrower are safe during large transactions.
“tmgroup and LMS are very much driving the same agenda when it comes to driving efficiency and certainty in this industry, and the team has been truly dedicated to making this partnership work for us,” Joy stated.
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