A new identity and address-verification technology

A new identity and address-verification technology has been launched by mortgage and insurance network Stonebridge, which believes it will save its member firms hundreds of administration hours each month and deliver a more consistent advice and compliance journey. The ‘RevolutionID’ verification service was developed and launched in partnership with Experian. Tim Merrey, director of Revolution, said: “Not only will it help firms counter potential ID fraud and give them full confidence about the clients they are dealing with, but it can seriously reduce the time spent on a task which historically has sometimes taken many hours to secure a satisfactory outcome.” He added: “The upgrades and redesigns to both our introducer and client portals are particularly useful to an advisory profession, who may feel unease about the increase in robo advice and the utilisation of technology by lenders, particularly when it comes to product transfer and execution-only business.”

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