What is Thirdfort's Source of Funds (SoF) tool?

Thirdfort's Source of Funds tool is a digital solution for legal and property professionals in the UK. It automates the process of verifying a client's funds by securely analysing their bank statements to provide a clear, comprehensive report that highlights potential risks and satisfies due diligence requirements.

What happens if my client doesn't use Open Banking for Source of Funds?

Thirdfort's Source of Funds tool is designed for flexibility. If a client cannot or prefers not to use Open Banking, they can securely upload PDF or image files of their bank statements directly within the Thirdfort app. Our technology then extracts and analyses the data, ensuring you get the full picture on their funds.

Missing the full picture on Source of Funds?

Our new PDF and image analysis means you get the full story on your client's funds, no matter how they share their bank statements.

Explore the tool

Circular puzzle chart with segments labeled "Sale of assets," "Gift," and "Salary," each in different colors.

Get the full picture, every time

End the back-and-forth

Our app prompts clients for evidence as they go, ensuring you get everything you need, first time.

Secure

Eliminate fraud and interception risk with secure, direct in-app statement sharing and uploads.

Flexible

Let clients share statements their way for faster, easier document submission.

Clarity

Your final report analyses transactions and highlights risks, so you can focus on what matters.

Trusted by 1,500+ leading firms

What makes Thirdfort different

More than a tool, we're your partner in simple, secure due diligence.

Deep analysis, not just data

Unlike other tools, our Source of funds compares your client’s questionnaire answers with their uploaded evidence, flagging risks and giving you the full picture.

A smooth client experience

Our UK-based support team is on hand to help your clients should they need it, with response times of under one minute. We're rated 'Excellent' on Trustpilot for a reason.

Your all-in-one platform

Source of funds is just the beginning. We can cover your entire due diligence process, from secure ID verification to ongoing monitoring and company checks - all under one roof.

Explore our Source of funds tool

The full picture, tailored to you.

In a live walk-through, our product experts can show how our tool can fit with your firm's specific needs in more detail.

Book a personalised demo with our team

Compared to our previous process, we're saving on average 10 to 15 minutes per file, just on Source of funds checks. This speeds up the journey and means our clients are happier.

When a client was reluctant to use the Source of funds feature, it raised alarm bells immediately. Their statements were later found to be fraudulent. If the app wasn't as slick as it is, such a case may have slipped through the net.

FAQs on Thirdfort's Source of funds tool

: We understand this is a common scenario, which is why our Source of funds tool now lets your clients upload PDFs or images of their bank statements directly within the Thirdfort app. Our technology then extracts and analyses the data for you, ensuring you get the full picture of your client's funds, no matter how they provide their statements.
: We understand accessibility is a key concern. If your client has difficulty, our dedicated UK-based support team is on hand to help them directly via phone, email, or live chat - meaning you and your team don't have to. For clients without a smartphone, we also see many firms offer an "office device" where the client can securely complete their checks in person.
: Our system intelligently compares the client's questionnaire responses to their bank transactions. For example, if a client declares £15,000 from an inheritance, our technology searches for that specific incoming payment in their statements. This analysis automatically flags potential risks for your review, such as:
Large cash deposits (e.g., median value over £500)
Undeclared sources of funds or funds from high-risk countries
Discrepancies between declared savings and actual account balances
Use of cryptocurrency to fund the purchase
: Security is fundamental to what we do. We protect your firm and your clients with multiple layers of security:
Bank-Grade encryption: All data is protected using TLS 1.2 for data in transit and AES-256 equivalent encryption for data at rest.
Independent audits: We conduct annual penetration testing with internal and external experts and are certified by the UK Government's Cyber Essentials Plus Scheme.
Regulatory oversight: We are regulated by the Financial Conduct Authority (FCA) and registered with the ICO.
Secure by design: Mobile apps have fewer vulnerabilities than desktop systems, and client data is permanently deleted from our systems 30 days after a check is complete.
: Yes, we integrate with a growing number of the UK's leading CMS platforms, including ActionStep, InTouch, Proclaim, Reapit, and Redbrick. Our integrations allow you to initiate checks and receive completed reports without leaving your existing system, creating a seamless workflow for your team.
: No, this feature is included as part of our Source of Funds check.
For existing clients: You have immediate access with no change to your current pricing.
For new clients: The price per check is based on volume. For a bespoke quote that best fits your firm's needs, we recommend speaking with our sales team.
: No, we only charge for checks that are completed. Most of your clients will find it easy to complete their checks. But for those who are having difficulty we have an excellent support team on hand to help app users complete their checks. So you don’t need to worry about guiding clients through their checks.
: Our contracts are for a twelve-month period. We offer flexibility in the way you purchase credits that are used for checks. Unlike most providers, all credits are valid for two years. If you need to purchase more there is no need to restart your contract term.

Ready to ditch the highlighter?

Let our Source of funds do the highlighting for you. Book a demo to see how we instantly analyse bank statements, flag important transactions and give you the full picture in minutes, not hours.

Missing the full picture on Source of Funds?