Press Release / November 26, 2024
Joint Venture Between Scantek, REINSW & Dynamic Methods Sees Market-First Digital VOI Solution for NSW Real Estate Agents
In a landmark partnership, the Real Estate Institute of New South Wales (REINSW), Dynamic Methods (REI Forms Live), and Scantek have come together to deliver a first-of-its-kind digital Verification of Identity (VOI) solution uniquely tailored to the needs of NSW real estate agents. The REINSW Digital VOI Platform is a market-first initiative that sets a new benchmark for simplicity, security, and compliance in the property sector.
The real estate industry faces increased regulatory demands, including the anticipated rollout of Anti-Money Laundering (AML) regulations under Tranche 2. This partnership provides NSW agents with an efficient, state-of-the-art VOI platform to comply with current and future regulatory obligations. The REINSW Digital VOI Platform, underpinned by Scantek’s market-leading identity verification technology, leverages Dynamic Methods’ REI Forms Live interface to streamline the process for its agents.
Key Features of the REINSW Digital VOI Platform
- ▪️A branded and seamless user experience tailored for REINSW members and their clients.
- ▪️Integration with Dynamic Methods’ REI Forms Live platform, simplifying workflows for agents.
- ▪️Real-time ID verification leveraging the Australian Government’s Document Verification Service (DVS).
- ▪️Biometric facial comparison with liveness detection to securely confirm client identity.
- ▪️Advanced compliance & security features, including geo-location tagging and robust data security on AWS servers based in Australia.
"This partnership showcases how innovation can address industry challenges while simplifying processes for agents and their clients. The REINSW Digital VOI Platform delivers unparalleled security and compliance for NSW real estate agents, ensuring they are prepared for the evolving regulatory landscape."
Dynamic Methods’ CEO, David Howell, added:
"By integrating Scantek’s secure VOI technology into the REI Forms platform, we’re providing agents with a seamless, intuitive solution that addresses their compliance needs without disrupting their workflow, ultimately saving them time and streamlining their processes.”
Aaron Barber, General Manager of REINSW, emphasised the importance of this partnership
"As the leading voice for NSW real estate agents, we’re thrilled to offer this exclusive VOI solution. It reflects our commitment to equipping agents with the tools needed to protect their businesses, clients, and reputations in an increasingly digital world."
The REINSW Digital VOI Platform allows real estate professionals to verify their clients’ identities remotely or in person, ensuring flexibility and adaptability. With a 3-month launch offer providing unlimited VOI transactions at no charge, agents have an exceptional opportunity to explore the benefits of this comprehensive solution.
About REINSW, Dynamic Methods, and Scantek
- ▪️REINSW: The Real Estate Institute of New South Wales is the peak industry body representing real estate professionals in NSW, committed to delivering the highest standards of practice and innovation.
- ▪️Dynamic Methods: A leading platform for forms to real estate agencies in NSW via REI Forms Live.
- ▪️Scantek: A specialist in digital identity verification, Scantek provides intuitive, secure, and compliant solutions that streamline the VOI process and mitigate fraud risks.