- Dye & Durham's
all-in-one solution lowers risk, reduces costs, and ensures
regulatory compliance.
- The National Property API is the first of its kind in
Australia, allowing a single
search for all national property titles across territories and
states, delivering search results in a standardized
format.
TORONTO, July 19,
2023 /CNW/ - Dye & Durham Limited (TSX: DND), a
leading global provider of state-of-the-art, cloud-based software
for financial, legal and government professionals, announced today
the launch of its National Property API ("API"). The new API
allows financial institutions to carry out a single search,
accessing all of Australia's
property title databases which in turn helps mitigate lending risk
more efficiently.
Ultimately, the National Property API empowers financial
institutions to improve the customer experience by providing
efficiency, accuracy, speed, and certainty.
"The demands of today's evolving and ever-changing risk
management environment require financial institutions to
continuously adopt the latest solutions to support regulatory
compliance, while mitigating risk and providing the customer with
the best possible experience," says Dennis
Barnhart, Managing Director of Dye & Durham Australia.
"The API reduces the likelihood of errors resulting from manual
data entry and cuts down the time required to verify that
information throughout the home loan origination process. It's a
game changer."
The API eliminates the need to manually search, organize and
digest land titles from numerous land registries across
Australia. Automating the national
property title search and making it easily accessible through the
financial institution's existing loan origination platform is
expected to significantly lower risk, reduce handling time, and
provide yet another safeguard to ensure regulatory compliance.
Dye & Durham's market-leading innovative workflow
technologies are enhanced by the company's unique position as one
of the world's largest providers of data insights and due diligence
solutions required to manage risk for residential and commercial
transactions.
This position, supported by an Australia-based team and a global network of
experts, has established Dye & Durham as a trusted partner for
some of the largest financial institutions in the world — including
the Big 4 Banks in Australia,
accounting for two-thirds of the Australian banking industry.
About Dye &
Durham
Dye & Durham is a global tech company that specialises in
providing legal, financial and government service professionals
with cloud-based solutions for business transactions and regulatory
compliance. Everything we do focuses on improving the precision,
confidence, and rigour of our customers. We provide the software
and connectivity so they can work with certainty.
Dye & Durham Corporation has operations in Canada, the United
Kingdom, Ireland,
Australia, and South Africa. It has a strong blue-chip
customer base that includes law firms, financial service
institutions and government organisations. Our easy-to-use
platforms connect professionals with the most reliable public
records and government registry data for faster reporting and
active receipt of critical information. We have standardised and
automated workflows for greater operational efficiency and
productivity.
For further information, visit dyedurham.com.au
SOURCE Dye & Durham Limited