Thirdfort: Digital Identity and AML Compliance in UK Legaltech

The landscape of anti-money laundering and identity verification is undergoing rapid change. Traditional methods, often reliant on paper documents and face-to-face meetings, are increasingly seen as inefficient and vulnerable to fraud. In the UK, where legal and property sectors handle vast amounts of sensitive transactions, this challenge is particularly acute. Founded in 2017, Thirdfort aims to modernize these processes through a digital-first platform that streamlines identity verification and AML compliance. Thirdfort uses biometric technology, AI, and open banking data. It provides a remote, automated solution. This solution is designed to meet the stringent regulatory environment. It also improves user experience and operational efficiency.
Technology Overview
Thirdfort’s platform uses multiple technologies to verify identities remotely and meet AML requirements:
- Biometric verification: Users take a selfie matched with their official ID photo via facial recognition.
- Document scanning: Upload and automated checks of passports, driving licenses, and other IDs.
- Open banking data: Optional linking of bank accounts for further identity confirmation.
- Machine learning: AI models analyze data to detect anomalies and assess risk.
This layered approach balances ease of use with security, enabling identity verification without physical presence.
Regulatory Compliance
The platform aligns with UK regulations, including the Digital ID Standard from HM Land Registry and HMRC AML guidelines. It is certified under the UK Digital Identity & Attributes Trust Framework, ensuring data protection and compliance.
Market Adoption
Thirdfort supports over 850 regulated firms, including law firms, estate agents, and mortgage brokers. Its technology integrates with existing onboarding workflows, enabling firms to digitize AML processes with minimal disruption. Partnerships with organizations like Knight Frank and Pepper Advantage highlight its integration within property and legaltech ecosystems.
Industry Context
Several factors drive demand for digital AML and KYC solutions:
- Increased sophistication of financial crime.
- Stricter global regulations.
- Remote onboarding growth accelerated by the COVID-19 pandemic.
Thirdfort addresses these by reducing false positives, speeding processes, and enhancing compliance accuracy.
Impact on the AML Landscape
Thirdfort’s digital approach represents a significant shift in how AML compliance is managed within the UK’s legal and property sectors. By replacing manual checks with automated, remote verification, the platform reduces bottlenecks that traditionally delayed transactions. This efficiency benefits both service providers and clients, improving overall user experience.
Moreover, Thirdfort contributes to raising industry standards by demonstrating how technology can meet regulatory demands without compromising security. Its adoption signals a broader move towards digital identity solutions in sectors historically reliant on physical documentation.