A Cardiff tech firm has launched a system which enables payment to be integrated into the identify verification process.
Credas Technologies says that in sectors such as real estate and conveyancing, firms routinely onboard multiple parties for a single transaction. Recognising the burden this places on firms, it has launched Credas Payments, designed to help firms charge clients directly for their compliance checks, seamlessly and securely, within the existing onboarding journey.
Tim Barnett, CEO at Credas, said:
“For too long, compliance has been seen purely as a cost centre. With Credas Payments, we’re helping firms turn the tide – recovering costs without disrupting the client experience. By integrating payments directly into the verification process, we’re giving businesses a way to protect margins, maintain control, and ease the burden of compliance, all without extra admin or risk.”
The Payments launch comes as compliance costs continue to climb across the property sector, the firm says, driven by increased regulation, growing due diligence requirements, and rising operational overheads.
