Digital media group Milestone (LON:MSG) said this morning it is teaming up with Conveycentric to develop mortgage fraud alert software.
The latter is a specialist in risk management and has already created two products – LENDERmonitor and COMPLETIONmonitor – used by the legal fraternity in the conveyancing process.
The pair has signed a memorandum of understanding.
Milestone said it aims to bring together a number of “strategic partners and relationships” in the security and risk, law enforcement, legal and financial services sector to develop the new product.
Chief executive Deborah White added: “We are looking forward to working with the team at Conveycentric and introducing them to our partners. The possibilities for this product, once linked with these partners, to assist with data sharing and crime prevention are extensive.”
Conveycentric CEO David Ryb said: “We are delighted to partner with Milestone who have put together a team of experts in the field of security and who have a proven pedigree in building enabling technology making use of skill sets in evaluating data and integrating with the relevant intelligence or regulatory industry.”