armalytix.com Reviews 

Quite easy to manuver your way through the app. It is very efficient.

Professional very easy to follow. Very easy to upload documents and the open banking connection was v easy.

Great app for making sure that everything is legit
Could be made easier to use. I have everything on my phone, and I had to repeatedly go back and forth to find individual amounts etc because of the questions, where as they could put all what you require in one question, and then you could answer in part 1,2 and 3 etc

Really impressive and slick user experience. Speedy, informative and intuitive.

It did exactly what it said it would. I opened the access with my information, they extracted the bank statement. Asked what was regular income and then closed the access. My bank advised they do this sharing so it wasn't without the bank knowing this was happening.

They are good

Easy to follow instructions.

Easy to use and prompt

Very quick and easy to use

Our accountant needed information which was easily sent via Armalytix.

The process was quick and easy until it wasn’t. It allowed me to upload all documents I needed until the very end and would not allow me to upload the evidence I needed. I tried to log out and go back in. This didn’t work.

This meant I had to manually send the evidence to my solicitor

Our conveyancer asked us to use Armalytix software to verify ‘source of funds’ for our recent property transaction.
Regulations require conveyancers to use a risk-based assessment to understand the source of funds. We were selling one property and buying another with the proceeds so our transaction was very low risk.
The Armalytix questionnaire is not risk-based. As well as asking for details of the transaction, it asked for income verification (payslips) and bank details including information about every transaction in or out of our bank accounts for the past month (via ‘open banking’). This level of scrutiny might be needed for a high-risk transaction but, for us, it was inappropriate.
We complained to the conveyancer, they agreed that the Armalytix questionnaire was unnecessary.
‘Open banking’ has made it easy for companies to access private financial information but we value our privacy and, for security reasons, we do not share bank details unless absolutely necessary.

It felt natural even though sharing sensitive information. Only little worry is about how secure it all is.

Very good
Easy to go through and fill out

Awful experience
Couldn’t find relevant bank account
Calculations are wrong for income

This is a great app! You don’t need to search for paper evidence as it communicates with your chosen accounts and describes the income therein. Then deletes your information once sent to the solicitors so is completely safe.

Very straightforward and quick easy process

Initial fears sharing account details with Armalytix, especially when large businesses are reported to have been hacked, but went ahead anyway. Overall easy to do, though I had trouble in my bank allowing them access to 2 savings accounts details, inorder to ascertain the funds were available.