By Legal Futures Associate Checkboard [1]
As law firms grow, they often find themselves building a tech stack from a patchwork of different platforms and solutions from dozens of vendors.
There’s the ID verification tool added when manual checks stopped being enough.
Then there’s the AML screening platform brought in when the volume of risk assessments grew.
Then comes source of funds, open banking integration, address verification, sanctions screening, secure payments—the list goes on, each one from a different supplier, a different login, a different audit trail, and a different invoice.
The result, for many of these firms, is a complex, disconnected compliance workflow that increases the burden on the team.
The cost of fragmentation
Even if each platform is the best in class, that fragmentation can carry a real cost.
For instance, when a regulator asks how a firm reached a decision on a client, the answer should be in one place, not stitched together from multiple dashboards and an email thread.
Fragmented systems make it harder to reconstruct what was checked, when, and by whom.
Each of these systems means more logins, more retraining when a vendor updates its interface, and more switching between tabs to complete a single onboarding. This stretches a compliance team’s time and resources.
And it has an impact on client experience, too. Asking a buyer to verify their ID in one place, upload bank statements somewhere else, and confirm their address through a third tool is a slow, off-putting introduction to the firm. The result is higher drop-off rates and fewer completed matters.
One end-to-end workflow
Checkboard was built to turn fragmented platforms into a single infrastructure.
Identity verification, AML screening, source of funds, address verification, and secure payment processing all live in a single platform, within a single workflow. A client receives one link, and the firm gets one record.
Instead of working to connect all these fragmented records to the client account, compliance teams get a single, integrated audit trail.
That single workflow doesn’t sacrifice depth.
Checkboard’s biometric ID verification scans the NFC chip embedded in a client’s passport and cross-references it against a live facial scan. It supports passports across more than 200 jurisdictions and address verification across more than 40.
Its source of funds product gives firms a structured, evidenced view of where a client’s money has come from, with the analysis recorded in the same place as the rest of the file.
And for firms with their own case management systems, Checkboard’s open API means it can sit inside an existing workflow rather than replacing it.
A true compliance stack
The firms doing this well are not the ones with the most tools.
They are the ones whose compliance, operations, and client experience teams are looking at the same record, in the same place, at the same time.
If a firm’s onboarding workflow has grown piece by piece rather than by design, Checkboard can replace that stack with a single platform.
Book a demo to see the full workflow in one place [2].