Shieldpay, a secure digital payments platform, has deployed its disbursements payment service to Case Pilots, a LegalTech solution.
Through this partnership, Case Pilotsâ€™ platform will benefit from the automation and security of Shieldpayâ€™s payment engine. This will provide law firms with an all-in-one tool to manage claims and pay out compensation awards for both opt-in and opt-out cases in the UK and Europe.
Together, the companies are offering a frictionless process that addresses key challenges of the evolving class action market. By integrating the digital platforms, claimants are gaining greater ease and comfort throughout the litigation process. It also means a faster speed of redress with compensation payments made directly into bank accounts.
Speaking on the partnership, Shieldpay head of partnerships Daniel Dunne said, â€œWe are excited to be working with Case Pilots to forge new opportunities in the collective action space and support this fast-evolving industry through digital innovation.
â€œThrough our platform integration, law firms will be more efficient and able to effectively manage the rising number of claims they are working on while improving their service levels to claimants.â€
Shieldpay offers a simple and transparent payment solution to legal and professional services. Its features include third-party managed accounts, escrow, paying agent, project accounts, fundraising accounts and marketplace payments.
Case Pilots offers a selection of litigation support and claims administration services.
Case Pilots CEO Clare Ducksbury added, â€œThis first of its kind partnership is pushing the industry forward into a new era, one that is well overdue and absolutely essential to meet the new demands of the changing collective action regime across the world.
â€œThere are great synergies between the two teams, and we share the same mission. Together, we are breaking ground in the transformation of the group litigation market, moving towards a fully automated, digitised claims process that meets the needs of claimants.â€
In other PayTech news, Payable, which has developed one platform for payment operations, has raised $6.1m in funding to help companies move away from EBICs, bank files and spreadsheets.
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