About Tim Barnett

SmartSearch has completed the acquisition of Credas helping regulated firms to manage risk and meet evolving KYC and AML requirements

Credas Technologies, the UK leader in identity verification, today announced that its Compliance Wallet has completed its first live transaction in partnership with DezrezLegal, one of the UK’s leading residential property conveyancers. The milestone marks a significant step forward in the evolution of property compliance.

SmartSearch has agreed to acquire Credas Technologies Ltd, a leading provider of identity verification solutions for the legal and property sectors. This strategic acquisition, subject to regulatory approval, enhances SmartSearch’s position as one of the UK’s foremost digital Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance platforms.

Credas will launch the country’s first compliance wallet – a reusable compliance solution designed to reduce friction

With regulatory pressures and compliance costs continuing to rise, most firms are still footing the bill for mandatory identity checks. This is especially true for sectors like real estate and conveyancing, where firms routinely onboard multiple parties for a single transaction. Recognising the burden this places on firms, Credas Technologies, the leader in identity verification technology, has launched Credas Payments, designed to help firms charge clients directly for their compliance checks, seamlessly and securely, within the existing onboarding journey.

Credas and IDGO have announced a strategic partnership to enhance the accessibility and inclusivity of identification solutions,