Thirdfort.com Review

Based on looking at the website Thirdfort.com, it presents itself as a platform designed to streamline and secure client verification processes for regulated businesses.

The core offerings revolve around automated ID verification, anti-money laundering AML, and Source of Funds SoF checks, aiming to protect high-value transactions and ensure regulatory compliance.

Overall Review Summary:

• Purpose: Client verification, anti-money laundering AML, and fraud prevention for regulated businesses.
• Key Features: Automated ID verification, Source of Funds checks via Open Banking, PEPs and Sanctions screening, Know-Your-Business KYB checks, Document verification, Ongoing monitoring.
• Target Audience: Regulated businesses e.g., law firms, real estate, financial services seeking to enhance compliance and efficiency.
• Claimed Benefits: Reclaiming valuable time, ensuring full compliance, safeguarding against fraud, reduced Professional Indemnity Insurance PII premiums.
• Security & Regulation: Regulated by the Financial Conduct Authority FCA in the UK. emphasizes not seeing or storing passwords, using Open Banking, and data privacy.
• Customer Testimonials: Features several case studies from legal firms highlighting improved efficiency and compliance.
• Missing Elements for Trust: While security and compliance are heavily emphasized, direct, transparent pricing information is notably absent. A clear “About Us” section detailing the company’s full history, leadership team, and mission is also not immediately visible on the homepage. Furthermore, readily available contact details beyond a “Book a Demo” or “Get in touch” form are not prominent. This lack of immediate transparency in critical areas like pricing and detailed company information can raise questions for potential users seeking to evaluate the service thoroughly before committing to a demo.

They promise to automate crucial, time-consuming compliance tasks, thereby allowing firms to focus on their core business activities while mitigating risks associated with fraud and non-compliance.

Their focus on government-grade technology and FCA regulation suggests a commitment to security and adherence to stringent standards.

However, the absence of upfront pricing details and a more robust, easily accessible “About Us” section outlining the company’s background and team might be a point of consideration for businesses performing due diligence.

Here are some alternatives for digital identity verification and compliance tools:

• SumSub
  • Key Features: AI-powered identity verification, AML screening, liveness detection, document verification, KYC/KYB solutions. Global coverage with support for over 220 countries and territories. Customizable workflows.
  • Average Price: Varies based on volume and features. typically subscription-based, requires direct quote.
  • Pros: High accuracy, extensive global coverage, robust fraud detection, strong compliance features, API for integration.
  • Cons: Can be complex to implement for smaller businesses, pricing not transparent, requires technical expertise for full utilization.
• Onfido
  • Key Features: Document and facial biometrics, liveness detection, identity verification, background checks, AML compliance. Focus on user experience.
  • Average Price: Custom pricing based on transaction volume and specific services, requires direct quote.
  • Pros: User-friendly interface for end-clients, strong biometric verification, good for fraud prevention, reputable in the market.
  • Cons: Pricing can be on the higher side for smaller operations, integration might require development resources, occasional false negatives in liveness detection.
• Jumio
  • Key Features: AI-powered identity verification, KYC, AML, online identity proofing, document verification, biometric authentication. Global reach.
  • Average Price: Enterprise-level pricing, not publicly disclosed. requires a consultation for a quote.
  • Pros: Industry leader with extensive experience, high security standards, strong fraud detection, comprehensive suite of services.
  • Cons: Geared more towards larger enterprises, implementation can be involved, pricing is not transparent.
• Veriff
  • Key Features: AI-driven identity verification, video-first approach, document verification, liveness detection, global identity coverage.
  • Average Price: Volume-based pricing, requires direct inquiry.
  • Pros: Excellent for user experience with video-based verification, good global coverage, strong fraud prevention, quick verification times.
  • Cons: Can be more expensive than some competitors, occasional issues with less common document types, video approach might not suit all users.
• Auth0 Identity Management
  • Key Features: Comprehensive identity and access management IAM platform, secure authentication, single sign-on SSO, multi-factor authentication MFA, user management. While not directly a compliance service, it underpins secure access.
  • Average Price: Tiered pricing from Free for small scale to Enterprise custom quote. Basic plans start around $23/month.
  • Pros: Highly flexible and customizable, strong security features, excellent developer tools and documentation, widely adopted.
  • Cons: Can have a steep learning curve for non-developers, pricing can scale rapidly with increased usage, primarily focused on access management rather than strict compliance checks.
• Stripe Identity
  • Key Features: Identity verification for online businesses, uses AI to verify IDs, selfies, and data, integrated with Stripe’s ecosystem.
  • Average Price: Per verification pricing, typically around $1.50 per verification.
  • Pros: Simple pricing model, easy integration for existing Stripe users, good for fraud prevention, quick and efficient.
  • Cons: Limited in scope compared to dedicated AML platforms, primarily for identity verification rather than full compliance suites, may not cover all niche regulatory requirements.
• Passbase
  • Key Features: AI-powered identity verification, liveness detection, document authentication, global ID coverage, customizable workflows, developer-friendly API.
  • Average Price: Tiered pricing, starting from a free tier for basic usage, then per-verification or subscription models.
  • Pros: Easy to integrate, good user experience, competitive pricing, supports a wide range of global IDs, flexible.
  • Cons: Newer player compared to some established giants, features might not be as extensive as higher-end enterprise solutions, occasional issues with obscure document types.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Thirdfort.com Review & First Look

It’s about making “life’s big transactions” smoother and more secure.

What is Thirdfort.com?

Thirdfort.com positions itself as an automated solution provider for ID verification, AML, and Source of Funds SoF checks.

They aim to protect businesses from financial and reputational risks associated with illicit activities.

The service is targeted primarily at professional services firms—think legal practices, real estate agencies, and financial advisors—who are legally mandated to perform rigorous due diligence on their clients.

Initial Impressions from the Homepage

The homepage is clean, professional, and directly communicates its core benefits.

It features clear calls to action, such as “Request a demo” and “Join over 1,500 regulated businesses.” The language is business-focused, emphasizing efficiency, compliance, and security.

They immediately highlight their regulation by the Financial Conduct Authority FCA, a significant trust signal, especially for UK-based operations.

However, a noticeable absence is transparent pricing, which could be a hurdle for potential clients evaluating solutions without needing a full demo engagement.

Thirdfort.com Features

Thirdfort.com offers a suite of integrated products designed to cover various aspects of client due diligence. Moo.com Review

Each feature is presented as a solution to a specific pain point faced by regulated businesses, from initial client onboarding to ongoing monitoring.

ID Verification

This is the cornerstone of Thirdfort’s offering.

They aim to protect firms from fraud and its repercussions by providing a range of ID checks.

• Automated Process: Clients can complete ID verification swiftly, often described as “in minutes, not weeks.” This automation is crucial for reducing manual overhead and accelerating onboarding.
• Fraud Prevention: Utilizes technology to verify the authenticity of identity documents and match them against the individual.
• Repercussions Avoidance: Helps firms avoid fines, legal penalties, and reputational damage that can arise from inadequate ID verification.

Source of Funds SoF

Understanding where a client’s money originates is critical for AML compliance.

Thirdfort provides tools to streamline this often-cumbersome process.

• Instant Bank Statement Access: Leverages Open Banking technology to securely obtain client bank statements. It’s crucial to note their claim: “We never see any passwords or login details.” This emphasizes data security.
• Source of Funds Questionnaire: Supplements the bank statement data, allowing firms to fill in any gaps and gather more context about the origin of funds.
• Enhanced Due Diligence: Provides a more complete picture of financial transactions, enabling firms to identify suspicious patterns or unverified sources.

PEPs and Sanctions Screening

Politically Exposed Persons PEPs and individuals on sanctions lists pose higher risks for financial crime.

Thirdfort offers a solution to identify these individuals quickly.

• Live Data Sources: Accesses “thousands of live data sources” to screen individuals and companies against global PEP and sanctions lists.
• Risk Mitigation: Helps firms know who they’re dealing with, minimizing exposure to high-risk individuals and entities.
• Regulatory Compliance: Ensures adherence to international and national AML regulations that require screening against such lists.

Know-Your-Business KYB

Beyond individuals, regulated businesses often need to verify the beneficial owners of corporate clients.

• Rapid Beneficial Owner Results: Aims to provide quick and reliable results for identifying the ultimate beneficial owners UBOs of a company.
• Company Verification: Ensures firms have a clear understanding of the corporate structure and ownership, preventing the use of shell companies for illicit activities.
• Business Movement: Helps keep business transactions moving by providing necessary corporate verification data efficiently.

Document Verification

The ability to spot fake documents is vital in preventing fraud.

Thirdfort takes on this task, allowing firms to focus on their core competencies. Pochly.com Review

• Automated Analysis: Employs technology to analyze documents for authenticity, helping to identify forged or tampered documents.
• Time Savings: Offloads the labor-intensive process of manual document review from the firm’s staff.
• Accuracy: Aims to provide a higher degree of accuracy in detecting fraudulent documents compared to human review alone.

Ongoing Monitoring

Compliance isn’t a one-time check. it’s a continuous process.

Thirdfort offers a solution to stay updated on client statuses.

• Instant Notifications: Provides real-time alerts for any changes to a client’s status, such as being added to a sanctions list or becoming a PEP.
• Proactive Risk Management: Enables firms to respond quickly to new risks, ensuring continuous compliance.
• Reduced Manual Checks: Minimizes the need for periodic manual re-screening of clients, saving significant time and resources.

Thirdfort.com Pros & Cons

Every service has its strengths and weaknesses, and Thirdfort.com is no exception.

Understanding these can help potential users make an informed decision.

Thirdfort.com Pros

• Enhanced Compliance: The platform is built around ensuring businesses meet stringent regulatory requirements, especially related to AML and KYC Know Your Customer. Being regulated by the FCA is a significant advantage, signaling a commitment to high standards.
• Time Efficiency: Automation of ID, SoF, and other checks can significantly reduce the time spent on client onboarding and compliance processes. Testimonials suggest onboarding can shift from “weeks” to “minutes.”
• Fraud Mitigation: By providing robust verification tools, including document checks and PEPs/Sanctions screening, Thirdfort helps reduce the risk of dealing with fraudulent individuals or entities.
• Security & Data Privacy: The emphasis on not seeing or storing passwords, using Open Banking securely, and not sharing client banking data with third parties beyond verification processes is a strong selling point for data-conscious businesses.
• User-Friendly for Clients: Testimonials from firms like Langley Wellington highlight the ease of use for clients across various demographics, which is crucial for high completion rates.
• Potential Cost Savings: Bishopsgate Law’s testimonial about reduced Professional Indemnity Insurance PII premiums suggests a tangible financial benefit beyond just efficiency.

Thirdfort.com Cons

• Lack of Transparent Pricing: One of the most significant drawbacks from a prospective user’s perspective is the absence of any publicly available pricing information on the website. This necessitates a “Request a Demo” or “Get in touch” step before understanding the financial commitment, which can be a barrier for initial evaluation.
• Reliance on Open Banking for SoF: While Open Banking is secure, not all clients may be comfortable linking their bank accounts directly, potentially leading to client resistance or requiring alternative verification methods.
• Limited “About Us” Transparency: The homepage doesn’t prominently feature a detailed “About Us” section that introduces the leadership team, company history, or broader mission beyond its product offerings. This can sometimes hinder trust-building for businesses seeking deeper insight into the company behind the service.
• Geographic Focus: While the FCA regulation is a strong signal, it primarily applies to the UK. Businesses outside the UK might need to investigate how universally applicable Thirdfort’s compliance solutions are to their specific regional regulations.
• Integration Complexity Potential: While they aim for ease of use, integrating any new system into existing workflows can present its own challenges, especially for larger or more complex organizations. The website doesn’t offer extensive detail on typical integration processes.

Thirdfort.com Alternatives

When evaluating Thirdfort.com, it’s wise to consider other players in the identity verification and compliance space.

The market is competitive, with several established and emerging platforms offering similar or complementary services.

Each alternative brings its own strengths in terms of technology, global reach, and pricing models.

Comprehensive Identity Verification Platforms

These platforms offer broad solutions for ID verification, AML, and KYC, often leveraging advanced technologies like AI and biometrics. Uk.clover.com Review

• SumSub: A global leader in identity verification and AML compliance. SumSub is known for its AI-driven solutions, extensive document coverage 220+ countries, liveness detection, and robust fraud prevention. They cater to a wide range of industries, including fintech, crypto, and gaming. Their platform allows for highly customizable workflows to fit specific regulatory requirements.
• Onfido: Specializes in document and facial biometrics for identity verification. Onfido emphasizes a user-friendly experience for the end-client, making the verification process smooth. They are strong in fraud detection and frequently used in sectors requiring high levels of trust, such as financial services and sharing economy platforms.
• Jumio: One of the most established names in online identity proofing and authentication. Jumio provides a comprehensive suite including identity verification, KYC, and AML screening. They are known for their strong security measures and ability to detect sophisticated fraud attempts, making them a choice for large enterprises with stringent compliance needs.
• Veriff: Distinguishes itself with a video-first approach to identity verification, aiming for higher accuracy and a more personal touch. Veriff offers a wide range of global identity coverage and strong fraud prevention capabilities, often appealing to businesses looking for a balance between user experience and security.

Specialized Compliance and Identity Management Solutions

While not direct competitors in every aspect, these alternatives provide crucial components often integrated alongside services like Thirdfort.

• Auth0 Identity Management: While not primarily an AML/KYC platform, Auth0 provides comprehensive identity and access management IAM. It ensures secure user authentication, single sign-on SSO, and multi-factor authentication MFA. Businesses can integrate Auth0 to manage user identities securely, which is a foundational layer for any compliance process, ensuring that only verified users access specific services.
• Stripe Identity: For businesses already using Stripe for payments, Stripe Identity offers a streamlined way to verify user identities. It leverages AI to verify IDs and selfies and integrates seamlessly within the Stripe ecosystem. It’s particularly beneficial for e-commerce and online service providers needing quick and efficient identity checks, though its AML/KYC capabilities might be less extensive than dedicated platforms.
• Passbase: A newer player gaining traction, Passbase offers AI-powered identity verification with a focus on ease of integration and global coverage. They provide document authentication, liveness detection, and customizable workflows, often appealing to startups and medium-sized businesses looking for a flexible and competitively priced solution.

The choice among these alternatives will depend on specific business needs, including volume of verifications, target geographic markets, budget, desired level of automation, and existing technology infrastructure.

How to Cancel Thirdfort.com Subscription

As Thirdfort.com primarily operates on a business-to-business B2B model, providing services to regulated entities rather than individual consumers, the process for canceling a subscription is typically governed by the terms of the service agreement or contract established between the client business and Thirdfort.

Unlike consumer-facing subscriptions with readily available “cancel subscription” buttons, B2B contracts usually involve a more formal process.

Understanding Your Contractual Obligations

Before attempting to cancel, the first and most crucial step is to review the service agreement, master services agreement MSA, or contract that your business signed with Thirdfort. This document will outline the specific terms related to:

• Notice Period: The minimum amount of advance notice e.g., 30, 60, or 90 days required before the desired cancellation date.
• Cancellation Method: The prescribed method for submitting a cancellation request e.g., written notice via email, registered mail, or through a dedicated account manager.
• Early Termination Clauses: Any penalties or additional fees associated with terminating the contract before its agreed-upon end date.
• Data Retention and Handoff: Procedures for data export or deletion after cancellation.

Typical Steps for B2B Subscription Cancellation

While specific steps vary based on the contract, the general process for canceling a B2B subscription like Thirdfort’s would typically involve:

1. Identify Your Account Manager or Point of Contact: For B2B services, you’ll usually have a dedicated account manager or a specific contact within the vendor’s client services team. This individual is your primary liaison for contractual matters.
2. Formulate Your Cancellation Request: Draft a formal written request for cancellation, clearly stating your intent to terminate the service. Include:
   • Your company’s full name and account number.
   • The effective date of cancellation adhering to the notice period.
   • A reference to the relevant clause in your service agreement.
   • Any specific instructions regarding data.
3. Submit the Request According to Contract Terms:
   • If the contract specifies email, send it to the designated address, ensuring you receive a read receipt or acknowledgment.
   • If registered mail is required, send it with proof of delivery.
   • Always keep a copy of your request for your records.
4. Confirm Acknowledgment and Next Steps: Follow up with Thirdfort to confirm they have received and processed your cancellation request. They should provide details on the final billing cycle, data handling, and any necessary offboarding procedures.

Why Direct Cancellation Button is Absent

The absence of a self-service cancellation button is standard for enterprise-level B2B solutions. This approach ensures:

• Contractual Adherence: Both parties adhere to pre-negotiated terms.
• Managed Offboarding: Ensures a smooth transition, including data handling, to prevent service disruption or compliance issues for the client.
• Relationship Management: Allows for discussions about potential issues or alternative solutions before outright cancellation.

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Thirdfort.com Pricing

One of the most notable observations from Thirdfort.com’s public-facing website is the complete absence of transparent pricing information. This is a common strategy for B2B SaaS Software as a Service providers, especially those offering enterprise-grade or highly customizable solutions.

Why No Public Pricing?

There are several reasons why Thirdfort and similar platforms opt not to publish their pricing:

• Customization: The services are likely tailored to the specific needs of each client. Factors influencing pricing could include:
  • Volume of Checks: The number of ID verifications, AML screenings, or SoF checks performed annually.
  • Feature Set: Which specific products ID verification, SoF, PEPs & Sanctions, KYB, Document Verification, Ongoing Monitoring a client requires.
  • Integration Needs: Whether the client requires API integration with their existing systems, which can involve development and support costs.
  • Support Level: Different tiers of customer support or dedicated account management.
  • Industry Specificity: Certain industries might have unique compliance requirements that necessitate specialized pricing.
• Value-Based Selling: Rather than competing on a fixed price point, B2B solutions often focus on demonstrating the Return on Investment ROI and value they provide e.g., time saved, fines avoided, reduced PII premiums. This typically requires a direct conversation with a sales representative to quantify the benefits for a specific business.
• Competitive Secrecy: Keeping pricing private prevents competitors from easily undercutting or mimicking their pricing strategies.
• Lead Generation: Requiring a demo or direct contact to obtain pricing serves as a lead generation mechanism, allowing their sales team to engage with potential clients and qualify leads.

How to Obtain Pricing Information

To get a quote from Thirdfort.com, a business would need to:

1. Request a Demo: The primary call to action on their homepage is “Request a demo.” This is where the sales process typically begins.
2. Consultation: During the demo or a subsequent consultation, a Thirdfort sales representative will likely ask about the client’s specific needs, current pain points, volume of transactions, and desired features.
3. Tailored Proposal: Based on this information, Thirdfort will then generate a customized pricing proposal. This could be structured as:
   • Per-check/Per-transaction fee: A fee for each verification or screening performed.
   • Tiered Subscription: Different subscription levels based on volume bands or feature sets.
   • Enterprise-level Contract: A bespoke annual contract for larger organizations.

For businesses evaluating Thirdfort, it’s essential to factor in the time required to engage with their sales team to obtain a quote, and to prepare a clear list of requirements to ensure the quote is accurate and reflective of their needs.

Thirdfort.com vs. Competitors

When a business is looking to enhance its compliance and onboarding processes, it’s crucial to compare Thirdfort.com against its key competitors.

While Thirdfort focuses on regulated businesses, particularly in the UK, other global players offer similar services with varying strengths and focuses.

The choice often boils down to specific feature sets, global reach, integration capabilities, pricing models, and target industries.

Thirdfort.com’s Niche and Strengths

Thirdfort’s primary strengths lie in its specific focus on regulated businesses, particularly within the UK legal and property sectors, and its emphasis on ease of use for the end-client as highlighted in testimonials. Their FCA regulation is a significant trust factor within the UK. The integration of Open Banking for Source of Funds is also a key differentiator, offering a modern, secure way to gather financial data. They aim to be a comprehensive solution for the entire client onboarding and ongoing monitoring lifecycle for these specific industries.

Key Competitors and Their Differentiators

Here’s a comparison with some of the prominent competitors in the identity verification and AML space: Sseairtricity.com Review

• Thirdfort vs. SumSub:
  • Thirdfort: Strong in UK compliance, user-friendly client experience, specific focus on legal/property. Open Banking for SoF.
  • SumSub: More globally oriented with support for 220+ countries/territories. Broader industry appeal fintech, crypto, gaming. Known for AI-driven accuracy, extensive document database, and customizable workflows. Might be more suitable for businesses with a diverse international client base.
• Thirdfort vs. Onfido:
  • Thirdfort: Integrated solution for ID, AML, SoF, KYB. Strong UK regulatory focus.
  • Onfido: Excels in biometric authentication facial and document verification and liveness detection. Often praised for its smooth user journey for the end-user. While they offer AML, their core strength is robust identity proofing. May be preferred by businesses where strong biometric verification is paramount.
• Thirdfort vs. Jumio:
  • Thirdfort: Streamlined for specific regulated sectors, emphasis on reducing onboarding time.
  • Jumio: A veteran in the space, offering highly sophisticated fraud detection and a comprehensive suite of identity verification and AML/KYC solutions. Often caters to large enterprises with complex, high-volume needs and extremely stringent security requirements. Their solutions are generally more robust and perhaps more complex to integrate than Thirdfort’s.
• Thirdfort vs. Veriff:
  • Thirdfort: Focus on automating core compliance checks for regulated businesses.
  • Veriff: Differentiates itself with a “video-first” approach to identity verification, aiming for higher completion rates and enhanced fraud detection through active user engagement. They have strong global coverage and a focus on user experience. Good for businesses looking for a more interactive verification process.
• Thirdfort vs. Stripe Identity:
  • Thirdfort: Full-suite compliance for regulated businesses.
  • Stripe Identity: More of a plug-and-play solution primarily for online businesses already using Stripe. It offers straightforward ID verification. While effective for basic checks, it may not provide the comprehensive AML/SoF/KYB depth required by highly regulated entities that Thirdfort targets. It’s better for quick e-commerce or marketplace identity verification.

Factors for Comparison:

• Target Industry: Does the solution specialize in your industry e.g., legal, finance, real estate?
• Geographic Reach: Does it cover the countries where your clients are located and where you operate?
• Feature Depth: Does it offer all the specific checks you need ID, AML, SoF, PEPs, Sanctions, KYB, Document, Ongoing Monitoring?
• Integration: How easily does it integrate with your existing CRM, case management system, or other platforms?
• Pricing Model: Is it per-check, subscription-based, or enterprise-negotiated? How transparent is it?
• User Experience Client Side: How easy and intuitive is the process for your clients?
• Regulatory Alignment: Does it specifically cater to the regulations in your jurisdiction e.g., FCA in the UK, FINCEN in the US?

Ultimately, while Thirdfort.com offers a strong, integrated solution, especially for its target market, businesses should conduct thorough due diligence, including demos and detailed discussions, with multiple providers to determine the best fit for their unique operational and compliance needs.

FAQ

How does Thirdfort.com verify identity?

Thirdfort.com verifies identity using a combination of automated ID checks, often leveraging government-grade technology and encrypted data.

This typically involves analyzing client-provided ID documents like passports or driving licenses and matching them against the individual.

What is the Thirdfort.com app used for?

The Thirdfort.com app is primarily used by clients of regulated businesses to complete their identity verification, Source of Funds SoF checks, and other compliance requirements in a streamlined, secure, and remote manner.

It facilitates the submission of documents and bank statements.

Is Thirdfort.com regulated by the FCA?

Yes, Thirdfort.com explicitly states on its homepage that it is regulated by the Financial Conduct Authority FCA. This signifies adherence to stringent financial regulatory standards in the UK, similar to high street banks.

What is Open Banking, and how does Thirdfort.com use it?

Open Banking is a secure way for consumers to share their financial data with trusted third parties.

Thirdfort.com uses Open Banking technology to securely obtain client bank statements for Source of Funds checks, claiming they “never see any passwords or login details.” Sarugeneral.com Review

How long does Thirdfort.com verification take?

Thirdfort.com claims that their process allows businesses to onboard clients “in minutes, not weeks.” While the exact duration can vary based on client responsiveness and the complexity of checks, the automation aims for rapid completion.

Can Thirdfort.com help reduce PII premiums?

According to a testimonial on Thirdfort.com’s website from Bishopsgate Law, using Thirdfort enabled them to take advantage of reduced Professional Indemnity Insurance PII premiums from their insurer, Inperio.

This suggests that robust compliance processes facilitated by Thirdfort can be recognized by insurers.

What types of businesses use Thirdfort.com?

Thirdfort.com states that over 1,500 regulated businesses rely on them for client verification.

While not exhaustive, their case studies primarily feature legal firms e.g., Thomas Legal, Direction Law, Langley Wellington, Bishopsgate Law, indicating a strong presence in the legal and likely property sectors.

Does Thirdfort.com store my banking data?

Thirdfort.com explicitly states, “We don’t share or store your clients’ banking data.” They claim client data is only accessed whilst they complete their verification processes and is never shared with anyone else.

What are PEPs and Sanctions checks?

PEPs and Sanctions checks involve screening individuals and companies against lists of Politically Exposed Persons PEPs and individuals/entities subject to financial sanctions.

Thirdfort.com performs these checks by accessing “thousands of live data sources” to identify high-risk individuals.

What is Know-Your-Business KYB and how does Thirdfort.com facilitate it?

Know-Your-Business KYB is the process of verifying the identity and beneficial ownership of corporate clients.

Thirdfort.com facilitates KYB by providing “rapid beneficial owner results” that businesses can rely on to understand the corporate structure and ownership. Castlemotors.com Review

How does Thirdfort.com help with document verification?

Thirdfort.com offers document verification to spot fake or tampered documents.

By entrusting this job to their automated system, businesses can win back time and enhance their security against fraudulent submissions.

Does Thirdfort.com offer ongoing client monitoring?

Yes, Thirdfort.com offers ongoing monitoring services.

This feature allows businesses to be “instantly notified of any changes to your clients’ statuses,” ensuring continuous compliance and proactive risk management.

How does Thirdfort.com ensure data security?

Thirdfort.com emphasizes taking security seriously by being FCA regulated, stating they never see or store client passwords or login details using Open Banking, and asserting that they don’t share or store clients’ banking data beyond verification processes.

They mention using “government-grade technology and encrypted data.”

Are there any Thirdfort.com reviews complaints available online?

While the website itself showcases positive testimonials and case studies, a comprehensive search for “Thirdfort reviews complaints” on independent review platforms or forums might reveal a broader spectrum of user experiences.

Like any service, specific issues or feedback could exist outside of the company’s curated content.

What are the main benefits of using Thirdfort.com for businesses?

The main benefits highlighted by Thirdfort.com are reclaiming valuable time, ensuring full compliance with ever-changing regulations, and safeguarding against fraud.

These ultimately aim to reduce operational risk and improve efficiency for regulated businesses. Phidiaspropfirm.com Review

Can I get a free trial of Thirdfort.com?

The Thirdfort.com homepage does not explicitly mention a “free trial” option.

Instead, the primary call to action is to “Request a demo.” This suggests that trials, if offered, are likely part of a personalized sales engagement rather than a publicly accessible option.

How do I contact Thirdfort.com for support?

The homepage encourages users to “Book a Demo” or “Get in touch to find out more.” While direct support contact details like a phone number or general support email are not immediately prominent on the main page, these would typically be provided to active clients or during the demo process.

What are the main competitors of Thirdfort.com?

Key competitors of Thirdfort.com in the identity verification and AML space include global players like SumSub, Onfido, Jumio, and Veriff, as well as more specialized solutions such as Stripe Identity for basic ID verification and Auth0 for broader identity management.

Is Thirdfort.com suitable for small businesses?

While Thirdfort.com serves “over 1,500 regulated businesses,” the absence of transparent pricing and the enterprise-grade nature of their services suggest they might be more tailored to medium to large regulated firms rather than very small businesses, which might find bespoke pricing less accessible than fixed-rate models.

Does Thirdfort.com support international client verification?

The website mentions “thousands of live data sources” for PEPs and Sanctions screening, implying a global reach for these checks.

However, the specific geographical coverage for ID and document verification, particularly outside the UK, would need to be confirmed directly with Thirdfort, as their FCA regulation primarily applies to the UK context.