Announcement
January 18, 2016

LAB Group Facilitates Kidman Estate Book Build

LAB Group provides LABform, a KYC, AML and Compliance Software-as-a-Service platform that facilitates investor on-boarding, electronic signing and identity verification to over 40 Australian...
arrow_back_ios
Return to blog

LAB Group provides LABform, a KYC, AML and Compliance Software-as-a-Service platform that facilitates investor on-boarding, electronic signing and identity verification to over 40 Australian Financial Services Licensees. LABform also supports white label and financial planner distribution to support the authorised representative and dealer group investor application process. LAB Group has been working with Domacom since September 2015 and since then has been deploying the LABform technology across Domacom's direct investor and partner channels. Now in its fifth week, Domacom's Kidman Station crowdfunding proposal is utilising the investor on-boarding distribution capabilities of LABform to facilitate this via dealer Interprac who is offering financial advice to investors interested in the proposal. Nick Boudrie, LAB Group's Co-founder and Managing Director talked about the engagement experience with Domacom: "Book builds and similar initiatives usually require rapid deployment due to demanding timeframes so Domacom needed Interprac able to facilitate investment into Kidman Estate very rapidly. As a simple maintenance task, a new adviser code for Interprac was established and any associated customisations for data capture and workflow were configured and deployed". The investor application has already raised $50 million and the approaching 3,000 expressions of interest are able to be bulk loaded into the on-boarding process using LABform interfaces that allow data to be both sent to and received from the on-boarding framework. Nick Boudrie went on to say: "Once a licensee's core instance of LABform is deployed and configured, it becomes simple to setup distributed and varied processes within that and to utilise interfaces to facilitate requirements for time critical activities such as book builds, data remediation, data maintenance, re-distribution of disclosures, bulk switching and product cross sell".

Recent Articles

arrow_forward_ios
View all news
Thought Leadership

LAB Group Brings Automated Digital Onboarding to Ironbark Asset Management

December 22, 2023
December 2023Sydney, Australia - LAB Group, a leading international RegTech and Australia's best-connected onboarding provider, is pleased to welcome Ironbark Asset Management (Fund Services)...
Read more
Thought Leadership

Compliance Radar December 2023

December 13, 2023
Australia's banks have united this month to declare war on scammers
Read more
Thought Leadership

LAB Group Enters SMSF Administration Vertical, Bringing Automated Digital Onboarding to SuperGuardian

November 28, 2023
November 2023Sydney, Australia - LAB Group, a leading international RegTech and Australia's best-connected onboarding provider, is pleased to welcome SuperGuardian Pty Ltd to the LAB Network.One of...
Read more

Transform your 
customer journey 
with LAB Group.

Join leading institutions that have modernised their compliance infrastructure and elevated their customer experience. Schedule a demo with our team to explore how LAB Group can transform your operations.