The Compliance Wallet enables identity and compliance checks to be securely shared between estate agents and conveyancers during a property transaction. In this first case, verified checks were successfully reused, reducing the need for repeated verification across multiple parties.
Credas said the technology is designed to cut duplication in the transaction process, with the aim of reducing the number of times buyers and sellers are required to complete identity and compliance checks from multiple instances to a single verification.
Credas and Dezrez have worked together since 2021, and the transaction represents a further development in their collaboration. Dezrez’s MarketReady service integrates compliance and conveyancing tools for estate agents and their customers.
Tim Barnett, CEO of Credas, commented: “This first live use with Dezrez demonstrates exactly how the Credas Compliance Wallet will transform the way our industry manages trust, identity, and compliance going forward. This transaction marks the beginning, with both Credas and its partners confident that the Wallet will rapidly become an indispensable tool for property professionals and consumers alike.”
Simon King for Dezrez said: “Working with Credas on the first Compliance Wallet transaction reinforces our shared commitment to deliver innovation and better outcomes for estate agents and their customers. This technology removes unnecessary repetition from the homebuying process and delivers on our promise to bring more certainty, less hassle, and putting people at the center.”