Case Study: Seymours Solicitors reduces onboarding time and fraud risk with Verify 365

Open Banking to reduce fraud and faster AML checks

Seymour Solicitors, a law firm, recognized a challenge with its manual and paper-heavy client onboarding process during the pandemic. The firm sought a solution that would reduce its reliance on physical paperwork while maintaining high levels of due diligence. They turned to the vendor Verify 365 for a digital solution to address this need.

By implementing Verify 365's platform, which includes Open Banking technology, Seymour Solicitors was able to fully digitize its client onboarding system. The solution significantly reduced the time required to complete ID checks and verify the source of funds. The firm reported that a process which previously took around two weeks was dramatically reduced, speeding up the entire client journey while also providing reassurance against fraud.

Seymour Solicitors