Risk-management firm Thirdfort has won certification from the government for its ID verification service.

More than 850 businesses are already using the platform, which includes anti-money laundering (AML) and source-of-funds (SoF) checks.

It has now certified by the government’s UK Digital Identity & Attributes Trust Framework (DIATF), joining other providers such as Docusign and Yoti.

Currently in beta format, the framework provides reassurance to all parties involved that their data is used appropriately and aims to reduce the risk of fraud.

Thirdfort combines best-in-class digital ID, AML and SoF verification, alongside Open Banking and the latest cryptographic and biometric verification tools.

It rapidly informs regulated professionals of risks with onboarding both individuals and companies, enabling them to begin working with new clients more quickly.

Commitment to data security

Thirdfort managing director Olly Thornton-Berry (pictured) says: “Being one of the first companies to achieve government digital ID accreditation is a significant step for Thirdfort and demonstrates our commitment to meeting the highest privacy, data security and accessibility standards.

“As digital ID verification is fast becoming a vital tool in the fight against fraud and money laundering, it’s important that regulated professionals know which platforms they can trust.

“This positive initiative by the government sets clear standards both for the public and their professional advisers in terms of how their identity is verified and how their data is processed and protected.”

He added: “From enabling the digital verification of somebody’s right to work or to rent to facilitating high-value transactions such as buying a house or making a will, digital ID has an important role to play and this framework will support the ability to share digital identities, unlock improved user experience in the digital world, increase security and boost economic growth.”