Stonebridge has launched RevolutionID, a new functionality which includes ID and address-verification technology and additional upgrades to its trading platform Revolution.
The service, developed and launched in partnership with Experian, has been fully integrated into the Revolution system allowing users to validate the identification of their client and receive an immediate response with additional customer insight.
The system returns a full ID and address verification report to the adviser, and after completing its pilot phase is now being rolled-out to all Stonebridge AR firms.
Tim Merrey, director at Revolution, said: “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.
“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.”
Stonebridge has also updated and redesigned both its introducer and client portals available through Revolution.
Merrey added: “The upgrades and redesigns to both our introducer and client portals are particularly useful to an advisory profession, who may feel unease about the increase in robo-advice and the utilisation of technology by lenders, particularly when it comes to product transfer and execution-only business.
“There is much more to come from Revolution and, having added considerably to the number of developers working on the system, we believe it continues to deliver significant value, and we are looking forward to rolling out a number of new benefits and opportunities via the system.”