Open Banking: Protecting conveyancers from fraud

In this Today's Conveyancer Podcast David Opie is joined by Cashroom's Chris and Steven O'Day,  CEO and Head of Technology respectively and Tom Lyes, Head of Legal at Armalytix.The discussion centres on the opportunity presented by open banking in reducing the risk of fraud across the conveyancing transaction, from initial onboarding through to completion and final final exchange of funds. Building workflows using open banking can help with human error and preventing fraudsters from infiltrating manual processes. It also enables a "single source of truth" when it comes to source of funds and provides greater certainty and surety for conveyancers in purchase transactions.  All of which should have a positive impact on Professional Indemnity Insurance premiums, surely?Listen in to the Today's Conveyancer podcast to find out more... The Today's Conveyancer podcast can be found on your preferred podcast provider and also at www.todaysconveyancer.co.uk. Subscribe and listen in for all the latest conveyancing industry news and views. Thank you to our podcast sponsors LEAP Legal Software and InfoTrack