Swift has enhanced the system to allow the input of an applicant’s UK passport and/or driving licence details when performing an e-ID search to improve the chances of a positive verification.
Swift’s e-ID facility works on the principle that the more information intermediaries can provide about the applicants the higher their chance is of being successfully verified. While it’s common to perform a search with no more than the client’s full name, postal address and date of birth intermediaries can improve the chances of a positive verification by entering this additional information.
This change was prompted by intermediary feedback and will speed up the application process. The system creates an e-ID Certificate where the results are customised to meet Swift’s specific risk based requirements.
John Webster, chief executive of Swift Group, said: “As part of our commitment to providing excellent service to all of our intermediaries, we have made these changes so that even more cases fit e-ID thus saving the need to deal with so much paper. As a lender it’s our job to remove obstacles from the path of intermediaries whenever and wherever possible and help more clients receive their funds sooner which in turn allows us to speed up our commission payments to brokers.”
