11:23:36 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Dye & Durham Ltd
Symbol DND
Shares Issued 55,655,499
Close 2023-07-20 C$ 19.36
Market Cap C$ 1,077,490,461
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Dye & Durham rolls out national property API

2023-07-20 11:01 ET - News Release

Mr. Dennis Barnhart reports

DYE & DURHAM LAUNCHES NEW NATIONAL PROPERTY API FOR LEADING FINANCIAL INSTITUTIONS

Dye & Durham Ltd. has launched its national property API (application programming interface). The new API allows financial institutions to carry out a single search, accessing all of Australia's property title databases, which in turn helps mitigate lending risk more efficiently.

Ultimately, the national property API empowers financial institutions to improve the customer experience by providing efficiency, accuracy, speed and certainty.

"The demands of today's evolving and ever-changing risk management environment require financial institutions to continuously adopt the latest solutions to support regulatory compliance while mitigating risk and providing the customer with the best possible experience," says Dennis Barnhart, managing director of Dye & Durham Australia. "The API reduces the likelihood of errors resulting from manual data entry and cuts down the time required to verify that information throughout the home loan origination process. It's a game changer."

The API eliminates the need to manually search, organize and digest land titles from numerous land registries across Australia. Automating the national property title search and making it easily accessible through the financial institution's existing loan origination platform are expected to significantly lower risk, reduce handling time and provide yet another safeguard to ensure regulatory compliance.

Dye & Durham's market-leading innovative workflow technologies are enhanced by the company's unique position as one of the world's largest providers of data insights and due diligence solutions required to manage risk for residential and commercial transactions.

This position, supported by an Australia-based team and a global network of experts, has established Dye & Durham as a trusted partner for some of the largest financial institutions in the world -- including the Big 4 banks in Australia, accounting for two-thirds of the Australian banking industry.

About Dye & Durham Ltd.

Dye & Durham is a global tech company that specializes in providing legal, financial and government service professionals with cloud-based solutions for business transactions and regulatory compliance. Everything the company does focuses on improving the precision, confidence and rigour of the company's customers. Dye & Durham provides the software and connectivity so they can work with certainty.

Dye & Durham has operations in Canada, the United Kingdom, Ireland, Australia and South Africa. It has a strong blue-chip customer base that includes law firms, financial service institutions and government organizations. The company's easy-to-use platforms connect professionals with the most reliable public records and government registry data for faster reporting and active receipt of critical information. The company has standardized and automated workflows for greater operational efficiency and productivity.

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