Stonebridge launches new ID verification technology

Stonebridge has announced the launch of a new piece of ID and address-verification technology called ‘RevolutionID,’ as well as several additional upgrades to its trading platform, Revolution.

The mortgage and insurance network has suggested the RevolutionID verification system will save hundreds of administration hours every month for its member firms.

Stonebridge also indicated it is hoping the system can deliver a more consistent advice and compliance journey, to improve both the mortgage broking process and the customer journey.

The RevolutionID verification service – developed and launched in partnership with Experian – has been fully integrated into the Revolution system allowing users to easily validate the identification of their client and receive a response immediately, along with additional customer insight.

Stonebridge said the system will return a full ID and address verification report to the adviser and will be a key part of the process for Stonebridge AR firms and advisers. The network revealed that RevolutionID has completed its pilot phase and is now being rolled-out to all Stonebridge AR firms.

“One of the key focuses for us as a network is to ensure our AR firms and advisers have a system which is top of the class when it comes to technology, functionality, and usefulness,” Revolution director, Tim Merrey, commented.

“We are particularly pleased to be rolling-out our new RevolutionID system, in partnership with Experian. 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.

“The feedback we’ve received from firms taking part in the pilot phase of RevolutionID has been incredibly positive, and we believe this will be another excellent service addition for all our advisers.”

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