SmartSearch, the provider of digital anti-money laundering (AML) and compliance solutions, has announced a new integration with Iress.
This collaboration combines SmartSearch’s AML verification capabilities with Iress’ financial advice software, Xplan. The collaboration aims to tackle the inefficiencies caused by outdated compliance processes and fragmented systems that slow down adviser workflows and frustrate clients.
Through this integration, advisers will be able to conduct AML checks and compliance activities directly within Xplan. Embedding SmartSearch’s automated verification tools into Xplan accelerates onboarding, improves data accuracy, and reduces risk.
Xplan users will also gain access to SmartSearch’s multi-bureau dataset, delivering enhanced accuracy in electronic identity verification. Advisers benefit from real-time, automated AML and identity checks, with SmartSearch delivering a pass rate of up to 97% and KYC checks in as little as two seconds.
Kerry Cleary, partnership director at SmartSearch, commented: “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.”
