Law features
You need to know your client’s financial position.
We’ll tell you.
In today's world, lawyers are increasingly having to trawl through client bank statements and other financial documents to establish a client's financial position. This could be for source of funds checks, understanding affordability, verifying bank details, recovering funds and more - the list goes on and only grows. Armalytix is the solution to to the financial data problem and will save you significant time and money.
Whether an individual or business, Armalytix gives you your client’s financial position
For all law firms, Armalytix gives you:
- The specific financial position of any clients.
- The critical information you need to assess the risk.
- The power to make the right decisions, fast.
01
Data
Accurate client bank information with insightful analysis
02
Answers
Flexible questionnaires and upfront fact finds
03
Evidence
Supporting documentation, proof and analysis
01
Data
Accurate client bank information with insightful analysis
02
Answers
Flexible questionnaires and upfront fact finds
03
Evidence
Supporting documentation, proof and analysis
What our clients say
'Working with Armalytix felt like an extension of our team here at Movera'
Abigail Booth - Head of Applications, Movera
'Armalytix is a god send! The analysis the Armalytix report provides makes it a unique offering in this market.'
Sam Strong - Head of Conveyancing and HOLP, Eden Conveyancing
'Armalytix significantly streamlines our processes, allowing us to save valuable time'
Naomi Mather - MLRO, Fidler & Pepper
'It is ultimately saving us both time and money – it probably saves us at least 1-2 hours per purchase transaction.'
Emma Fairbairn - Partner, Woodford Stauffer Solicitors
'Armalytix is a game changer! Armalytix is saving us money but more importantly it has helped improve team morale as dealing with bank statements was a task that nobody wanted, adding considerable time and resource overhead to every case.'..
Zain Iqbal - Insolvency Practitioner, Cooper Young
'We want our consumers to have the best experiences with us and Armalytix helps us achieve that'
Amanda Ambler - Operational Project Manager, Chadwick Lawrence Solicitors
'I don’t think we will ever not use it because it is just so easy and effective.'
Michael Bussey - Head of Bookkeeping, Hammond & Co.
Testimonials
Features & benefits
What do I get?
Ask the clients once, get the answers you need.
Gather evidence and analysis with the simple upload of supporting documentation from clients.
Choose what you need and let Armalytix ask, gather and chase.
Create tailored questionnaires or choose from industry-endorsed templates.
Dedicated journeys for related 3rd parties.
No app or software download for you or your clients.
Simple to understand, analysed reports.
Cover multiple account types, across different institutions in one place.
Insights on risk, income and significant transactions.
A range of pricing options to enable simple recharge.
News
Fintech Times – How is Regtech Enabling Privacy Compliance?
2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. The Fintech Times looks at some of the biggest issues regarding compliance and financial rules, and speaks to Armalytix about the solutions hoping to ease the compliance journey for firms.
International Adviser – Will the new Labour government bring global action on money laundering?
With Labour’s recent landslide victory in the UK election, there’s hope that a new government will open doors for closer global coordination in the fight against money laundering, an issue with significant international dimensions, says Mike Ward, executive Chairman of Armalytix.
Webinar – Source of Funds and Wealth Checks for Commercial Property and Corporate Lawyers
For commercial property and corporate lawyers, understanding and evidencing how a business funds its transactions is critical for satisfying regulation, reputation and financial crime risks. Watch the ebinar to find out how.
Corporate Compliance Insights – Beyond Borders: International Money-Laundering
The global problem of money laundering requires a global solution, says Mike Ward, executive chairman of Armalytix, a fincrime compliance provider.
First AML partners with Armalytix to bolster its Source of Funds and Wealth capabilities
First AML, the anti-money laundering scaleup, today announced its integration partnership with Armalytix, the Open Banking technology platform which streamlines the collection of data for the professional and financial services industries, to bolster its Source of Funds and Source of Wealth capabilities.
Finance Derivative – Embracing Open Banking
As the adoption of Open Banking continues, it is transforming how we manage our finances. By prioritising data privacy, security, and customer trust, Open Banking paves the way for a future where banking and financial services are tailored to individual needs and delivered with ease and transparency.
Featured in
Disciplines
Residential
For conveyancers, regulation and financial crime risks require you to check, verify and analyse clients’ financial information. Reviewing Source of Funds information from bank statements and multiple documents is a tiresome and time consuming-process, our elegant and detailed reports allow conveyancers to make faster, more accurate risk-based decisions without sacrificing efficiency. We help make difficult conversations with clients a whole lot easier.
Commercial Property
For Commercial Property Lawyers, regulation and financial crime risk require you to understand and evidence how the business is funding the transaction. Our dedicated solution for Commercial Property allows lawyers to save significant time by reducing the back and forward when collecting and reviewing the Source of Funds from their client. Commercial Property has more complexities than Residential such as movements of monies between companies, director’s loans and more. We understand that and help make the complex easy.
Corporate
For Corporate Lawyers, regulation and financial crime risk require you to understand and evidence how the business is funding a particular transaction. These checks now have to be done. But they don’t have to be painful. Armalytix makes the complex easy, saving time and money by collecting and then analysing your client’s financial information to give you the evidence you need to make the right decisions. help you evidence you’re happy with the source of funds for the transaction.
Divorce
Understanding both parties' financial position is critical. No longer do you need to spend weeks and months gathering and analysing bank statements and savings documents, we give you a rapid and clear understanding of income and essential expenditure. With Armalytix powering your department, your clients can share an accurate understanding of their financial position just in a few clicks and allow you to focus on achieving a fair outcome for your client.
Claims
Irresponsible lending, financial mis-selling and PCP claims require law firms to review high volumes of bank statements to assess the client's financial position at the time of the claimable event. This presents challenges in gathering historic bank statements that often go back years from clients and then having to analyse them for affordability and other financial characteristics. With Armalytix, we return the long histories of bank transaction data, allowing you to identify more claims and give you analysis on income and expenditure to assess an individual's affordability at the time of each claimable event. We drive significant time and resource savings, giving you a rapid understanding of the merits of a claim and providing even greater success for you and your clients.
Disciplines
Why armalytix
Financial Investigations
AML & Financial Crime
Income & Expenditure
Making it work for you
There’s no one size fits all, get exactly what you need for each discipline within your firm. Integrate simply, make it easy for your clients and make the right decisions, every time.
Our reports are also available through our partners.
Option 1
Deploy today
Get started right away.
Option 2
Integrated
Fit seamlessly into your existing systems.
Option 3
Report partners
Access our reports through your existing report or search providers.
