Anderson Strathern invests in anti-money laundering fintech Amiqus
Law firm Anderson Strathern has partnered with Amiqus, an Edinburgh-based company that provides online anti-money laundering, and client onboarding software to regulated firms.
Amiqus will provide identity verification software that will enable Anderson Strathern’s clients to undergo secure, online compliance processes from their own device and in their own time. The award-winning Amiqus team has developed software through which regulated professions can request, analyse and manage documentation.
Anderson Strathern, providers of pioneering and innovative legal services in Scotland for over 250 years, has also invested in Amiqus via the Equity Gap angel syndicate the firm joined earlier this year. The investment marks Anderson Strathern’s second investment through its AS Capital division with the team identifying Amiqus as a partner to help it develop digital legal services for the future.
Anderson Strathern chairman Bruce Farquhar said: “Amiqus ID verification software will enable us to provide a smoother and more secure client experience. We’ve also chosen to invest in Amiqus and collaborate with them because we recongnise the increasing importance of digital and web-based services for the future delivery of legal services. The online space offers the prospect of widening access to justice in the future and we’re also keen to support local businesses with great ideas for impact.”
“We are the first law firm globally to sign up for The World’s Big Sleep Out in conjunction with Meritas and Social Bite and we’re very interested in the work that Amiqus is doing with ProxyAddress to help people at risk of homelessness access vital services.”
Amiqus CEO Callum Murray said: “We’re building a world-class compliance and onboarding product as a first step towards supporting professional services into new ways of working. I’m pleased to we’re able to do this from Scotland with ongoing investment and support from Equity Gap, Scottish Investment Bank, key individuals and our existing investors.”
“It’s important that our purpose, values and approach towards inclusive growth match that of our investors as well as our clients and the people who interact with our products. We’re working as a technology partner to enable the ‘Proxy Address’ pilot which is part of an FCA approved pilot scheme in London and we’re keen to see how this may evolve in working with local authorities across Scotland alongside advice and support from Anderson Strathern.”
“It’s testament to the forward-thinking approach of Anderson Strathern, as a customer as well as an investor that we’re able to build out meaningful partner relationships through a collaborative approach. As a result, positive outcomes are possible for everyone involved whilst we continue to work towards making legal help accessible for everyone.”