SmartSearch & Iress Team Up to Streamline AML Compliance in Xplan
SmartSearch, a leading provider of digital anti-money laundering (AML) and compliance solutions, has partnered with Iress, a market leader in financial services software. The collaboration aims to streamline compliance processes and enhance the efficiency of Iress' financial advice software, Xplan.
The integration brings SmartSearch's industry-leading AML verification capabilities to Xplan users. With a pass rate of up to 97%, advisers can now conduct KYC checks in as little as 2 seconds, significantly accelerating onboarding processes.
By providing access to SmartSearch's multi-bureau dataset, the integration enhances the accuracy of electronic identity verification within Xplan. This not only improves data accuracy but also reduces risk for advisers. The combined solution enables advisers to tackle inefficiencies in compliance processes and fragmented systems, allowing them to focus more on building client relationships.
The integration of SmartSearch's AML verification capabilities with Iress' Xplan software is set to simplify compliance processes, enhance data accuracy, and reduce risk. Advisers can now conduct AML checks and compliance activities directly within Xplan, leading to faster onboarding and improved overall efficiency.
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