Financial Services features

Source of funds checks, used by the largest law firms.
Now available for financial services.

For financial services firms, financial crime and social responsibility regulations require you to perform checks on your clients. Get the data, answers and evidence you need with bank information, questionnaires, client fact finds and financial analysis. Create great client experiences with a simple, digital journey integrated effortlessly into your existing workflows.

Take advantage of the industry-leading compliance checks that financial services firms, accountants and lawyers use everyday.

We give you the answers you need

Armalytix is the engine of proof for the digital economy, combining data, answers and evidence to transform the convoluted process of conducting checks. Capture the check information and analysis you need quickly, safely and securely. Get time back in your day.

01

Data

Accurate and up to date client bank information

02

Answers

Flexible questionnaires and upfront fact finds

03

Evidence

Supporting documentation, proof and analysis

01

Data

Accurate and up to date client bank information

02

Answers

Flexible questionnaires and upfront fact finds

03

Evidence

Supporting documentation, proof and analysis

Features & benefits

What do I get?

A sophisticated tool for compliance checks

Ask the questions and get the evidence and analysis you need

Create tailored questionnaires or choose from industry-endorsed templates

Full fact finds ideal for financial services

Simple upload of supporting documentation for clients

No app or software download for you or your clients

A range of pricing options

News

Crypto and Blockchain Financial Services Legal and Property 29.06.22
Securities.io – Crypto and regulation, a matchmaker is needed

The crypto and traditional finance worlds are beginning to merge, as crypto’s fresh, upstart attitude falls more in line with the more stable but slower traditional finance. Crypto has struggled with a reputation of aiding and abetting money laundering, providing anonymity for fraudsters and criminals alike. As the two worlds meet, a matchmaker is needed to bridge the gap between them.

Crypto and Blockchain Financial Services Legal and Property Press 6.06.22
Today’s Conveyancer – Armalytix and Legal Eye announce source of funds partnership

Armalytix, the open banking platform which streamlines the collection of data for the professional and financial service industries, is partnering with Legal Eye, a specialist risk and compliance advisory business supporting law firms across the UK, to provide expert input and guidance on the groundbreaking Armalytix Source of Funds questionnaire.

Accounting Crypto and Blockchain Financial Services Legal and Property Press 23.05.22
The Times – In a world of financial crime, proof is critical

It has taken a geopolitical crisis, the exposure of massive fraud around COVID payments and the rise of crypto for it to hit home why anti-money laundering and fraud checks matter at every level. Government and regulators are reacting to increasing financial crime by mandating more checks for more firms in more sectors.

Accounting Crypto and Blockchain Financial Services Legal and Property Press 30.03.22
eWeek – Data, Data, Data

The importance now placed on data collection is huge. Our economy is no longer trust-based, it is now proof-based, and firms are under increasing pressure from regulators to know more about their customers. Add in the fact that companies need to take into account all financial data sources people have, from loans to multiple bank accounts and payslips, as well as non-financial data, such as personal data and identification checks, it is no surprise that companies are struggling to verify this data.

Accounting Crypto and Blockchain Financial Services Legal and Property Press 20.01.22
AccountingWeb – Government writes off £4.3bn in stolen Covid payments

The Treasury expects to recover just a quarter of the £5.8bn lost to fraud and error across multiple Covid support schemes. However, industry experts told AccountingWEB their warnings ahead of time fell on deaf ears as the government pressed ahead with inferior technology and outdated processes that played straight into the hands of fraudsters.

Accounting Crypto and Blockchain Financial Services Legal and Property News 16.12.21
Armalytix Press – The Fintech Times Money Heist

By utilising the power of technology, financial institutions and crime-catchers stand a much better chance of fighting financial fraud.

Reports

Source of funds
analysis

Analysis of account activity and transactions:

Proof of funds, deposit and supporting evidence
Analysis on accumulation and source of those funds
Tailored or template questionnaires available
Full upfront fact finds

Account verification

Confirm client and 3rd party accounts at any point in your process:

Verify account details direct from the bank
Prove ownership and control
Run at any point in your process
Use for clients or 3rd parties, business or personal accounts

Tailored reports

Make it your own:

New reports built for you
Industry-wide or company-specific
Tailored questions for clients
Data, answers and evidence direct from clients

Proof of funds report

Balance data on one or more accounts:

Up to date account balances
Verified bank details
Prove sufficient funds
Multiple accounts in one report

Source of funds
analysis

Analysis of account activity and transactions:

Proof of funds, deposit and supporting evidence
Analysis on accumulation and source of those funds
Tailored or template questionnaires available
Full upfront fact finds

Account verification

Confirm client and 3rd party accounts at any point in your process:

Verify account details direct from the bank
Prove ownership and control
Run at any point in your process
Use for clients or 3rd parties, business or personal accounts

Tailored reports

Make it your own:

New reports built for you
Industry-wide or company-specific
Tailored questions for clients
Data, answers and evidence direct from clients

Proof of funds report

Balance data on one or more accounts:

Up to date account balances
Verified bank details
Prove sufficient funds
Multiple accounts in one report

Armalytix in action

Quick, simple, effective.

Watch the video

Source of Funds Check Demo

Making it work for you

No barriers, get started today or use our APIs to integrate into your existing set-up. We’ll review your existing workflows, agree the information you need and build great client experiences for you. No need for forms.

Option 1

Deploy today

Get started right away.

Option 2

Integrated

Fit seamlessly into your existing systems.

What our clients say

'The guys really love the system and it has been a massive help to us.'

Marc Lansdell - Managing Director - Evolve Law

'Armalytix is simple, secure and saves a lot of time.'

Mohit Baheti - Director of Operations - Online Account Filing

Testimonials

Pricing

We offer pricing packages to suit direct or partner businesses of all sizes. Get in touch to discuss. If you prefer, use the live chat to speak to us now.

Get started

Get started today

Armalytix works effortlessly for you and your team, saving you time and reducing your regulatory risk. Join our trusted and successful community and see how together we are reshaping your industry.

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