SmartSearch, the UK-based provider of digital anti-money laundering (AML) and compliance solutions, has announced an integration with Iress’ financial advice software platform, Xplan.
The move combines SmartSearch’s electronic AML and know-your-customer (KYC) verification capabilities with Xplan’s end-to-end advice tools, aimed at removing inefficiencies caused by fragmented compliance processes.
The integration will allow advisers to carry out AML checks directly within Xplan, reducing the need to switch between platforms.
SmartSearch’s automated multi-bureau dataset will be embedded into the advice journey, offering enhanced accuracy in electronic identity verification and a pass rate of up to 97%.
The company says KYC checks can now be completed in as little as two seconds.
Kerry Cleary, partnership director at SmartSearch, said: “Integrating with Iress is an exciting opportunity to extend the reach of our automated AML and KYC solutions within one of the most widely used financial advice platforms in the UK.
“We are giving advisers the ability to complete compliance checks in seconds, without leaving the Iress system they already rely on.
“This integration is about simplifying compliance and enabling advisers to focus on what really matters – building stronger client relationships.”
Jamie Grant, head of product at Iress, added: “By integrating SmartSearch directly into Xplan, we’re bringing advisers a best-in-class AML solution within the platform they trust to run their advice business.
“It’s making compliance smoother, more precise and less time-consuming.”
