As we near the end of the year, we’d like to share some exciting news with you.
We are thrilled to announce that the highly anticipated Credas Compliance Wallet has completed its first live transaction in partnership with DezrezLegal, one of the UK’s leading residential property conveyancers.
When we announced the launch of the product back in September, we made the ambitious promise of a fully functioning solution by the end of 2025. We are so proud to say we have delivered on that promise, with this milestone marking a significant step forward in the evolution of property compliance.
The Credas Compliance Wallet is a world-first digital innovation that places secure, portable, and fully verified identity and compliance credentials directly into the hands of consumers. This streamlines onboarding, accelerates property transactions, and sets a new benchmark for trust, transparency, and interoperability across the sector.
The first transaction demonstrates the potential of the Wallet to reduce duplication and simplify one of the property market’s most persistent challenges: the repeated verification of identity and compliance checks across multiple parties. By enabling compliance checks to be securely reused, the Wallet is expected to cut the number of times a buyer/vendor needs to complete the same compliance checks from 5.4 times to just once.
Credas and DezrezLegal have been partners since 2021, and this landmark transaction marks the latest step in the valued collaboration between us. We’re continuing to strengthen our partner ecosystem, enabling seamless data-sharing across the property lifecycle, with DezrezLegal’s unique MarketReady service being a great example of this in practice.
Our CEO, Tim Barnett, commented: “This first live use with DezrezLegal demonstrates exactly how the Credas Compliance Wallet will transform the way our industry manages trust, identity, and compliance going forward. This transaction marks the beginning, with both Credas and its partners confident that the Wallet will rapidly become an indispensable tool for property professionals and consumers alike.”
Laura Liddell, MD of DezrezLegal said: “Working with Credas on the first Compliance Wallet transaction reinforces our shared commitment to innovation and better outcomes for our customers. This technology removes unnecessary repetition from the homebuying process and delivers on our promise to home movers to bring more certainty, less hassle, and putting people at the centre”.
With transformative regulation on the horizon, including sweeping housing reforms, our partnership with DezrezLegal’s will continue to support customers with fast and trusted compliance checks.
