Confirmly
Before you release completion monies, you need to be certain the firm on the other side is real and regulated, and that the account you are paying into genuinely belongs to them. This is the exact gap payment fraud relies on. A convincing email, an account number quietly changed at the last minute, and the money is gone in moments.
Confirmly checks a solicitor or law firm and confirms their bank account in real time, so you can send funds knowing who, and what, is on the other end.
The riskiest moment in a transaction is the one where money moves. Diverted payments rarely come back, and the loss falls hard on the firm and the client. Confirming the firm and the account at that moment is the simplest way to close the door fraud walks through.
Confirmly sits alongside the checks you already run at onboarding. Where AML and identity confirm your own client, Confirmly confirms the other side of the transaction, so both ends are accounted for before completion.
To learn more about Confirmly, and how it can help you keep client funds safe during transfers of funds, complete the form or call us on: 0800 840 5571
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You can confirm a solicitor and their firm against trusted, regulated sources. Confirmly does this in real time, so you can check before you act rather than after.
Confirmly confirms that the account you have been asked to pay into belongs to the firm you intend to pay, before the funds leave your client account.
Confirmly is a verification service that confirms law firm and bank account details in real time, helping firms reduce the risk of payment fraud at the point money moves.
The moment funds are released is when payment diversion fraud strikes. Confirming the firm and the account at that point is one of the most effective ways to prevent it.
Yes. By confirming the firm and the receiving account before funds move, Confirmly closes the gap that payment diversion fraud depends on.
