OnTheMarket Software integrates AML offering

OnTheMarket Software has announced an integration with digital ID and source of funds provider Thirdfort.

The digital ID, anti-money laundering and source of funds proposition helps clients complete ID verification on the Thirdfort app.

Using NFC technology, the app reads and verifies digital signatures and signing keys used in e-passports and thousands of identity documents can be verified from issuing government bodies around the world.

Verification is fully compliant with HM Land Registry’s Digital ID Standard. International addresses can be verified using Experian data with 23 jurisdictions covered globally. 

PEPs and sanctions screening is included and 12-month monitoring is also available. Both positive and negative data sources are used for comprehensive screening and thousands of lists can be checked at once.

Source of funds checking is done using Open Banking, with instant and secure access to bank statements helping to qualify buyers, together with a questionnaire that provides extra context.

The Thirdfort integration also provides the ability to handle Right to Rent checks through the TecLet platform.

The integration is accessed from within the TecCRM platform and the results of the checks are automatically returned with relevant forms held within the document centre.

Alan Blockley of OnTheMarket Software said: “The integration of AML solution Thirdfort within the

“TecCRM platform builds on our commitment to providing our users with access to best in class, compliant solutions across our suite of products.” 

Patrick Brierley, partnerships manager at Thirdfort, added: “We are delighted to integrate our compliance products with OnTheMarket Software and to be able to provide our mutual clients with, what we believe to be, the leading digital ID and source of funds service available in the market today."