Knight Frank has selected Thirdfort’s proprietary risk engine to help the company reduce identity fraud and money laundering risk.

The risk management platform will provide the agency with an anti-money laundering (AML) solution for secure client onboarding.

Combining digital identity, AML and source-of-funds (SoF) verification, Thirdfort’s mobile-first offering was chosen by Knight Frank following a six-month pilot. Knight Frank will initially use Thirdfort in residential sales across its UK network, although it is believed to be exploring its use in other areas going forward.

Thirdfort’s risk engine aims to inform its clients of risks with onboarding and allows them to begin transacting with new clients. It is powered by Know Your Client (KYC) and AML services, alongside Open Banking and transaction specific data, including ongoing politically exposed persons (PEPs) and sanctions monitoring.

Knight Frank’s clients will have access to Thirdfort’s mobile app to connect bank feeds and input verification data.

Philip Gardner, group head of strategy risk & operations at Knight Frank, commented: “Knight Frank has integrated Thirdfort into its client relationship management system to give our firm and our customers a seamless AML experience. The app is very easy to download.

“Our customers find the platform easy to use, with instructions and access to support available at their fingertips. Having a platform which obtains digital ID, AML and source-of-funds verification gives our sales teams time back to focus on selling.”

Thirdfort says that more than 100 agents are now using its app, which has been downloaded by over 500,000 individuals in the UK over the past two and a half years.

Olly Thornton-Berry, Thirdfort co-founder and managing director, said: “Following an extensive pilot, we’re delighted Knight Frank have decided to roll out Thirdfort across its network. As a globally recognised name, Knight Frank’s adoption of our platform is a signal to the industry.

Agents face a growing AML compliance burden and, to address this, we’ve built the first platform to combine digital ID, AML and source-of-funds verification for both individuals and corporates. Knight Frank share our ethos that with the best risk management platform, compliance can be turned into a competitive advantage.”