STAND NUMBER: 216
Shieldpay eliminates unnecessary risks from firms holding client money.
Shieldpay's unique payments platform, streamlines the process; saving you time, increasing efficiency, reducing PI Insurance premiums and providing real-time visibility on the status of funds anytime, anywhere to fee earners and clients.
Shieldpay streamlines your KYC & AML process and takes care of all payments in a transaction.
Shieldpay is suitable for all client money payments; mergers and acquisitions, conveyancing, probate, money on account, disputes and group litigation as well as traditional corporate escrow. Shieldpay has been named as a suitable supplier of Third Party Managed Accounts by the Bar Council, development is supported by the CLC and meets the base SRA and CiLex requirements for Third Party Managed Accounts.
Authorised by the FCA as a payment institution for payments services, Shieldpay powered the UK's first digital real estate transaction and the first digital chain transaction in 2018 and has since received the Innovate UK Grant funding to scale the solution in 2019 and recently won "Innovation of the Year" and was highly commended in the "Combatting Fraud" categories of the Modern Law Awards 2019.
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