Sympli completes first financial settlement

By Jerome Doraisamy|12 December 2019
Sympli

Source: facebook.com/pg/sympliaustralia/photos/?ref=page_internal

ANZ – together with Gold Coast firms K2 Law and WP Lawyers – has completed the first financial settlement through Sympli Australia Pty Ltd.

In a statement, the electronic settlements provider said that the first settlement of a Queensland-based property via the Sympli platform “marks a significant milestone for the industry as it moves towards greater competition and choice for practitioners, lawyers and financial institutions”.

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Sympli CEO David Wills said it was an “important step forward” for the long-term interests of the industry, as well as for the profession of the provider.

“To create a sustainable conveyancing market, competition is incredibly important. A competitive marketplace will deliver real benefits to end users; it challenges e-Settlement service providers to continuously innovate and improve their service offerings,” he said.

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“We look forward to increasing Sympli’s presence in Queensland and around Australia, as we continue to grow our capability to meet the increasing demand for competitive e-Settlement services.”

ANZ lead of home loan operations Anthony Templar added: “The growth of electronic settlements in Australia is critical to providing a better settlement experience for our mortgage customers, and we are pleased to have been part of Sympli’s first settlement.”

At present, Sympli is operating in a soft launch phase, executing registration transactions in low volumes in NSW, Victoria and Queensland, it said.

Sympli completes first financial settlement
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