Anti-money laundering (AML) and digital compliance provider, SmartSearch, has announced a strategic partnership with fintech specialist Armalytix to launch its Source of Funds (SoF) solution.

The technology underpinning this solution is used in one in five UK residential property purchases and regulated by the Financial Conduct Authority (FCA), assuring SmartSearch clients that the solution meets strict regulatory requirements, as well as delivering a seamless, digital-first experience.

Fully integrated within the SmartSearch platform, the SoF solution creates a single, streamlined workflow that combines automated SoF checks with high standard AML and due diligence capabilities.

This innovation with Armalytix ends the manual document chasing and verification that slows residential property completions, replacing outdated processes with a fast, automated journey powered by Open Banking.

By validating data directly at the source, SoF dramatically reduces fraud risk, provides a comprehensive audit-ready trail, and strengthens regulatory confidence.

Simple and secure

“This partnership with Armalytix marks a significant step forward in simplifying and securing compliance for our key markets,” said Phil Cotter, CEO at SmartSearch.

“The SoF solution provides businesses with an unparalleled level of regulatory confidence and efficiency, allowing them to focus on their core business without compromising on security. This innovative solution will undoubtedly enhance our ability to help them win business through trusted identities.”

Richard McCall, CEO at Armalytix, added: “The residential property sector deserves a faster, more trustworthy compliance process. Our FCA-regulated Open Banking platform delivers verified, source-validated data instantly. Partnering with SmartSearch means this capability is now integrated into a comprehensive due diligence product, setting a new standard for speed and anti-fraud protection in UK property transactions.”