Truss puts Simon Clarke in charge of housing
Simon Clarke has been named as the new Secretary of State for Levelling Up, Housing and Communities. He succeeds Greg Clark, whose short stint came after the extended period whereby Michael Gove was in charge of housing. The surival of the Department for Levelling Up, Housing and Communities will in itself come as a surprise […]
Darlington Building Society teams up with LexisNexis Risk Solutions
Darlington Building Society, the 160+ year old Northeast-based mutual, has procured compliance technology from LexisNexis® Risk Solutions. As part of the Society’s ongoing digital transformation, Darlington will initially use the LexisNexis® RiskNarrative™ platform to deliver their financial crime prevention strategy and improve their existing online member portal experience and customer onboarding journeys. The mutual went […]
Thirdfort secures strategic investment from Pepper Advantage
Thirdfort, a risk management platform combining Know Your Client (KYC), Anti-Money Laundering (AML) and Source-of-Funds (SoF) verification, has secured equity investment from Pepper Advantage, a global credit intelligence company. Pepper Advantage will initially offer Thirdfort’s one-stop solution for comprehensive AML to its UK mortgage origination clients, before integrating it into its global credit intelligence platform. […]
Mortgage market remaining resistant despite talk of recession
The findings of a new report into the mortgage market have painted the picture of a market that is refusing to die down despite the distress placed upon prospective homebuyers’ pockets amidst the current economic climate. The report, which came from mortgage technology provider Twenty7Tec, looked into the mortgage market during August. It found that […]
FATF publishes guidance on AML risks in the property industry
The Financial Action Task Force (FATF) has published new guidance on anti-money laundering (AML) risks in the property industry. This follows a consultation in March and April 2022 on the issue, where contributors called for greater clarity for property professionals on the risks associated with money laundering. The FATF’s assessments of the industry show that […]