SmartSearch has announced an integration with financial services software provider, Iress.

The digital anti-money laundering (AML) and compliance solutions provider said that the collaboration marks a step forward for advice firms and its clients by combining its AML capabilities with Iress’ financial advice software, Xplan.

Through this integration, advisers will be able to conduct AML checks and compliance activities directly within Xplan.

Xplan users will also gain access to SmartSearch’s multi-bureau dataset, reducing the risk of missing intelligence that can occur when relying on single-source solutions.

Together, the firms said the integration aims to tackle the inefficiencies caused by outdated compliance processes and fragmented systems that slow down adviser workflows.

Partnership director at SmartSearch, Kerry Cleary, said: "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."

Head of product at Iress, Jamie Grant, 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."

---