Smartr365 will integrate Yoti’s identity verification function into its platform. The Digital ID network includes Yoti ID, Post Office EasyID and Lloyds Bank Smart ID.
Brokers will be able to verify clients for £2 per search.
To maintain security, the platform will only use the information needed to verify a client, keeping in line with GDPR and Financial Conduct Authority (FCA) compliance.
Yoti has access to over 6.5 million users in the UK who already have a reusable digital ID.
Conor Murphy, CEO of Smartr365, said: “Brokers need onboarding tools that are not only fast and compliant, but also inspire trust from day one.
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“Partnering with Yoti allows us to give brokers a powerful, privacy-first solution at an affordable price – saving time, reducing admin, and delivering the smooth customer experience today’s market demands.”
John Abbott, chief commercial officer and strategic partnerships at Yoti, added: “At Yoti, we believe verification should be secure, simple, and reusable. Our partnership with Smartr365 puts our Digital ID network directly into the hands of brokers, enabling them to verify clients instantly, protect sensitive data, and meet regulatory requirements with ease.
“Together, we’re setting a new standard for trust and efficiency in the mortgage process.”
Earlier this year, Smartr365 launched its tool SmartrFlow, enabling advisers and firms to design and automate their own sales journeys.
