PRIMIS partners with SmartSearch to ‘enhance’ AML checks; and more

Written by Oliver Wade
25/05/2018

PRIMIS Mortgage Network has revealed a new partnership with SmartSearch, enabling its brokers to conduct “the most comprehensive” anti-money laundering (AML) checks possible.

SmartSearch has access to and uses data from Experian, Equifax, Dow Jones and Companies House to conduct its AML and verification checks. As a result of the new partnership, PRIMIS has said that brokers will be able to conduct fast and comprehensive individual and business searches across the UK and globally, allowing them to monitor clients on an ongoing basis.

PRIMIS COO Toni Smith said: “At PRIMIS we work hard to ensure our brokers receive a first-class proposition, including stellar compliance support. Through implementing SmartSearch we are able to provide extensive anti-money laundering checks across the UK and worldwide in a matter of seconds.

The initial feedback from brokers who have been using the platform has been overwhelmingly positive. ARs have unanimously told us that SmartSearch is a much more efficient and effective way of conducting searches. We are committed to making our brokers lives easier, and we look forward to continuing to provide innovative solutions like this, to do just that.”

Paragon invests millions in ‘customer-focused solutions’

Paragon Customer Communications has announced that it has made a “multi-million-pound” investment in a growing range of customer-focused solutions for the financial services sector.

The announcement took place at an inaugural Financial Services Client Forum, where the firm additionally reported that it is expanding into “new key European financial centres” including Luxembourg and Dublin. This expansion will allow Paragon to support new and existing customers to develop “successful targeted inbound and outbound communication strategies”, the firm has said.

Paragon Customer Communications CEO Jeremy Walters said: “Financial Services is an important sector for Paragon Customer Communications, having worked together with companies in the industry for many years.

“From talking to our customers, our research has identified that digital transformation and speed to market, all underpinned by the latest compliance and regulation requirements, are pivotal to their communications strategies.”

Legal & General Mortgage Club partner with Twenty7Tec to support older homeowners

Legal & General (L&G) has announced its new partnership with Twenty7Tec, allowing the lenders lifetime mortgage offering to be included on Mortgage Source.

Twenty7Tec is the first sourcing system provider to create the ability for an adviser to compare standard residential, second charge and equity release products on one system.

L&G has said that the inclusion of its product in Mortgage Source is “the next step” in the lenders goal of improving intermediary awareness and access to lifetime mortgage products, which has seen a popularity growth in recent years, particularly among older homeowners.

L&G CEO of home finance Steve Ellis said: “Lifetime mortgages are undoubtedly becoming an ever more popular option for retirement, and it’s no secret more people are looking to access their property wealth in later life. However, despite the continued success of lifetime mortgages, the retirement lending and mainstream mortgage markets remain largely separate. From regulatory rules to advice routes and qualifications, the market operates in silos. Even how advisers source their products is different, and that needs to change.”

Masthaven rolls out Bridging Plus product to all customers

Masthaven has recently announced the roll-out of its Bridging Plus short-term lending product to the wider market, following a “successful soft launch” with brokers.

The product was launched in February for Masthaven’s Premier Partners, with reports of it generating “positive” uptake and “excellent” feedback from brokers.

Legal & General Mortgage Club partner with Twenty7Tec to support older homeowners

Legal & General (L&G) has announced its new partnership with Twenty7Tec, allowing the lenders lifetime mortgage offering to be included on Mortgage Source.

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