Time4Advice and Equifax launch integrated online AML solution for financial advisers
Time4Advice, the adviser software provider, and business insights expert Equifax have launched an integrated online anti-money laundering (AML) solution that makes regulatory checks more convenient for both financial advisers and their end clients.
Advisers can now benefit from robust, easy to use AML software integrated within the CURO business management system. CURO supports the operational aspects of advisory businesses, enabling advisers to focus on client facing activity.
The integrated, online AML solution helps to enhance efficiency by replacing traditional paper-based checks with automated online tools. By ensuring the necessary information is verified through rigorous checks at an early stage, advisers can demonstrate compliance with AML regulation whilst offering a smooth, paperless system to existing and new clients.
Peter Welch, Account Director at Equifax says: “In the current advisory climate where the costs of doing business continue to rise, successful firms must implement streamlined and cost efficient processes. This solution combines anti-money laundering with identity checks within an adviser’s business management software, helping them dramatically improve the customer journey.”
Time4Advice founding Director Roland Rawicz-Szczerbo says: “By integrating searches within CURO, AML checks will not only be faster, but also provide a formidable barrier against fraud. Processing efficiencies will be significantly improved thanks to removal of traditional paperwork. We believe that by working with Equifax we can provide the most friction free identity and AML solution available to financial advice firms.”