SmartSearch & Iress Team Up to Boost Financial Advice Sector's AML Efficiency
SmartSearch, a leading provider of digital anti-money laundering (AML) solutions, has partnered with Iress, a top financial services software provider. The integration aims to enhance efficiency and regulatory confidence in the financial advice sector.
The collaboration combines SmartSearch's AML verification capabilities with Iress' financial advice software, Xplan. This integration enables Xplan users to access SmartSearch's multi-bureau dataset, improving electronic identity verification accuracy.
Advisers can now perform AML checks and compliance activities directly within Xplan. This streamlines processes, accelerates onboarding, and enhances data accuracy, ultimately reducing risk. The integration promises an industry-leading pass rate of up to 97% and KYC checks in as little as 2 seconds.
Both SmartSearch and Iress are committed to delivering regulatory confidence, efficiency, and innovation to the financial advice sector. The integration of their services is set to enhance adviser workflows and strengthen compliance processes in the stock market.
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