Ord Minnett Appoints LAB Group to Automate Digital Onboarding
LAB Group, a leading international RegTech and Australia’s best-connected onboarding provider, is pleased to welcome Ord Minnett to the LAB Network.
Ord Minnett (Ords) is an Australian owned advice and investment services firm, offering financial advice and investment management for individuals, families, businesses and organisations, enabling them to protect and grow their wealth. With corporate origins dating back to 1872, Ords currently has more than AU$62 billion in Funds under Advice (FUA).
Ords will benefit from LAB Group’s Client Lifecycle Management Framework and Application Manager. These solutions provide digital workflows to improve the client journey, accelerate complex client onboarding and securely verify client information. The solution has been successfully operating since December 2023.
With Ords also subscribing to LAB Group’s Initiate, Completion and Single Sign On APIs, the solution will incorporate seamless integration to FinClear, Ords’ provider of clearing and settlement services. Please click here for more information on LAB Group’s integration with FinClear.
Nick Boudrie, CEO and co-founder of LAB Group, said:
“We’re excited to bring our best-in-class suite of digital regtech tools to support Ord Minnett’s adviser and client network. Ords has built wealth for generations of Australian investors as their trusted partner, and we look forward to helping to accelerate and improve their customer journey.”
Ord Minnett Chief Operating Officer, Philip Chu, said:
“We are pleased to partner with LAB Group and bring their technology into our processes. Integrating LAB Group’s products with our existing platforms will bring significant efficiency gains to our advisers and their teams. We are also pleased to gain the significant connectivity across products and jurisdictions that comes with joining the LAB Network.”
About LAB Group Services Pty Ltd
Where welcome onboard begins.
LAB is a RegTech providing an innovative customer lifecycle management platform that revolutionises the customer journey from the very first steps, fulfilling AML/CTF regulatory obligations and multi-party consent whilst saving time and resources by providing a high degree of automation for account creation, remediation and ongoing customer due diligence processes.
The LAB platform welcomes tens of thousands of people into hundreds of financial product offerings across over 15 industry verticals, matching applicants with a vast array of market offerings.
Connect to more people in more places.
Connect into the LAB Network that leverages strategic partnerships and integrations to enhance product origination and distribution.
Hundreds of regulated entities around the globe connect through the LAB Network to accelerate customer registration, reduce onboarding time, increase security, and achieve higher completion rates.
The leaders in secure onboarding.
LAB’s continually advancing platform empowers our businesses to stay ahead of rapidly changing compliance regulations and evolving customer experience expectations.
Our hosted solution provides a fully compliant, end-to-end, multi product digital onboarding process for both simple and complex entities. LAB seamlessly connects and orchestrates digital client acquisition, corporate and ID verification, workflow management, fraud protection and compliance services on a single platform.
Become part of the most connected digital onboarding platform.
With LAB’s unmatched connectivity, we get you to market sooner through our sector-agnostic integrations and transformational data automation.
Discover more at https://labgroup.com.au/
