Plum Software has partnered with identity management specialists GB Group to launch an electronic identity checking service to help IFAs avoid breaching FSA regulations.
The launch is in response to growing demand for instant, integrated customer identity verification, says the independent software house for IFAs and mortgage brokers. As compliance issues in the financial service industry increase, it is becoming more difficult and time consuming for advisers to keep on top of all the paperwork required for the regulations, it says. By integrating GB Group's URU identification tool with Plum Software, advisers dodge time consuming paperwork and instead can verify clients' identities using an electronic solution. Consequently, IFAs are able to perfo...
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