Live Webinar – Tue, May 13, 2025 11:00 AM
Register here
Join us on our upcoming webinar: ‘Source of Funds is Complicated. How to Make it Simple’, hosted by John Margett, Client Relationship Manager at OneSearch, and Tom Lyes, Head of Legal at Armalytix.
For conveyancers, regulation and financial crime risks require you to check, verify and analyse clients’ financial information. Reviewing Source of Funds information from bank statements and multiple documents is a tiresome and time-consuming process. There’s a lot of new technology around that would have you think that collecting statements through Open Banking is enough to conduct a Source of Funds check. If only it was that easy. Understanding the client’s financial position and the ability to identify risk sooner are two key requirements for firms undertaking Source of Funds checks. But how to achieve that?
The webinar also includes:
- Current regulatory landscape
- Where are we now with Open Banking and how do you get client buy-in?
- What should a true Source of Funds check look like?
- How Armalytix can help make difficult conversations with clients a whole lot easier
- How the use cases for lawyers is maturing beyond residential property into new disciplines such as family law and commercial
Your hosts
John Margett, Client Relationship Manager at OneSearch
John has been with OneSearch for 7 and a half years. What he loves is getting out and about and seeing clients face to face. Getting to know their needs as a company, but also getting to know them as people.
“Microsoft Teams is great, especially for people who are a long way off. But when you’ve got that time on a face-to-face appointment, you get to know them much, much better. You see the body language more easily. You really get to know what their needs are.”
“If you’re nice to somebody, if you listen to them and you’re interested in them, the chances are they’ll be nice to you and interested in you. That’s when a two-way conversation gets going and that’s how you build a relationship.”
Read more on John in our Meet the Team series: Lou Macari’s, Lincoln and the Lionesses: Getting to know OneSearch’s John Margett
Tom Lyes, Head of Legal at Armalytix
Tom Lyes is the Head of Legal at one of the UK’s leading fintech companies, Armalytix.
As the world gets more complicated, you need to understand the real finances of your clients. It’s slow, it’s tedious and it’s painful. If you have to collect and understand financial information from clients & businesses then Armalytix is the answer. Part of what makes us unique is that we don’t care how you get the data in. Open banking, statement scans, CSV. We can handle it all.
Tom started out his career working for a Top 20 Conveyancer and has spent the next 15 years working in the Conveyancing world with a real focus on improving the process for lawyers when it comes to obtaining the critical information needed to assess risk.