Navigating AML Compliance: Latest Insights for UK Conveyancers
In the ever-evolving landscape of legal requirements, Anti-Money Laundering (AML) compliance stands as a cornerstone for safeguarding against financial crimes. For UK conveyancers, staying abreast of the latest findings and regulations is not just a matter of compliance but also a vital aspect of maintaining trust and integrity within the legal profession. Understanding the Importance […]
Are face to face Know Your Customer (KYC) checks becoming a thing of the past?
Before work can be started on any legal or high-risk financial matter, professional services firms need to complete Know Your Customer (KYC) checks and they need to complete them quickly. The identity of a client must be established in order to comply with Government regulations and to help avoid the risk of fraud. Lawyers, bankers, […]
Revolutionising Conveyancing: How Technology is Reshaping Fees in the UK
In the dynamic landscape of the UK property market, conveyancers play a pivotal role in facilitating smooth transactions between buyers and sellers. However, the traditional methods of conveyancing often result in hefty fees as perceived by clients, leaving them searching for more cost-effective solutions which may not provide such a quality service. Enter technology, the […]
Leasehold Reforms: Preparing for new changes in 2024
Leasehold reform expected this year should reap benefits for a sizeable number of householders. According to Government statistics there are approximately 4.98 million leasehold dwellings in England, the majority of which are in London and the North-East. Although this number in most part is made up of flats or apartments (70%), it does include a smaller percentage […]
Our Top 5 Technology Trends That Will Shape Conveyancing in 2024
The conveyancing sector has been undergoing a digital transformation in recent years, accelerated by the pandemic and championed by HM Land Registry and the heat is on to find digital solutions that will help to streamline processes, improve customer satisfaction, reduce error, minimise risk and complete matters quicker. Time is money and so the return […]
How technology will change the mortgage industry in 2024
Today’s first-time buyers may be forgiven for thinking that mortgage applications and conveyancing processes are archaic and slow. This new generation of mortgage applicants are accustomed to speedy transactions, but it can still take two to four weeks for a mortgage offer to come through, according to the Home Owners Alliance and the conveyancing process can be anything from […]
How technology can help reduce burnout in the legal profession
According to Lawcare, the mental wellbeing charity for the legal community, there has been a recent increase of 24% in people contacting them for support. In the organisation’s October news article, it states that “Legal professionals are feeling overwhelmed and stressed, and these mental health concerns can be exacerbated or caused by their work environment.” Why […]
Streamlining PEPs and sanctions checks globally
For accountancy firms, dealing with Politically Exposed Persons (PEPs) and sanctions checks could be familiar territory. However, the workings of these checks, particularly when they involve overseas citizens, can be particularly challenging. PEPs and sanctions checks A Politically Exposed Person (PEP) is someone who holds a prominent public position, either domestically or internationally. Due to […]
How can we use VirtualSignature-ID with our case or practice management software?
VirtualSignature-ID has partnered with some of the leading case and practice management software specialists in the UK to provide a dedicated API that assists professional service firms in enhancing the automation of their digital workflows. Our RESTful API has been built for firms who require any combination of document management, client eSignature authentication and customer […]
The power behind a firm-branded client onboarding system
Crafting a firm-branded client onboarding system can unlock a wealth of benefits for your firm, including: Empowering your brand By offering a bespoke onboarding experience, your brand emerges as the storyteller of your client’s journey, leaving a lasting impression and enhancing brand recall. Boosting client experiences With an onboarding process customised to your client’s unique […]
