LMS launched of confirmly: a fast, trusted and secure law firm identity checking technology, designed to reduce risk and prevent scams when transferring conveyancing funds and client monies.
Confirmly provides real time monitoring for law firms by harnessing LMS Panel Link and specialist data to verify bank account details. In addition to the utilisation of LMS Panel Link, confirmly also has access to eCOT expertise, as well as gathering information from trusted 3rd party sources to help reduce the risks associated with money transfers. Law firms can therefore be confident that transactions are being sent to genuine bank accounts and firms, providing them with greater peace of mind, so much so that LMS will provide law firms with an indemnity against the results.
The new service is launching exclusively with InfoTrack via API, and will soon be available.
Scott Bozinis, CEO at InfoTrack, said: “We are excited to be the first integrated partner to offer LMS’ confirmly through our platform. Both InfoTrack and LMS are committed to collaborative innovation and confirmly is an exciting addition to our award-winning solutions. The benefits of confirmly being indemnified as well as being simple and easy to access make this a great tool in the fight against fraud and reducing transactional risk.”
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