Fintechs Legado and Amiqus Partner to Simplify Onboarding in UK Financial Services
Left to right are Josif Grace (Legado), Elaine Burgess (Amiqus), Erin Whyte (Amiqus) and Callum Murray (Amiqus)
A new partnership between two of Scotland’s fastest-growing fintechs, Legado and Amiqus, is set to simplify the regulated client onboarding for financial services firms, as the sector faces increasing pressure to implement digital infrastructure to meet compliance requirements. Both companies were founded in Edinburgh and first connected through the FinTech Scotland community.
“Thanks to FinTech Scotland I think I’ve known Josif since pretty much the start of Legado. I remember us sat in a coffee shop in Edinburgh talking about what we were working on and mutually confirming that we didn’t have any beef, compliance onboarding was a multi £bn problem to solve and that at some point we’d overlap. Collaboration over competition is the way to go when it comes to solving problems and growing.” Callum Murray, Founder and CEO at Amiqus
From a coffee shop conversation to a partnership
The relationship between the two companies began early, with a simple conversation between founders comparing notes on what they were building. That meeting laid the groundwork for what has now become a formal collaboration more than a decade in the making.
At FinTech Scotland, our aim is to create the conditions for founders, innovators and industry to meet, share ideas and collaborate. The connection between Legado’s Josif Grace and Amiqus’s Callum Murray is a clear example of what the ecosystem is designed to enable: an early introduction that has developed into a commercial partnership with the potential to benefit the wider UK financial services sector.
Amiqus has also made the most of the opportunities available through FinTech Scotland, participating in the Financial Regulation Innovation Lab (FRIL) innovation call on AI and compliance. Through the programme, Amiqus worked with Virgin Money to explore how AI could strengthen quality control across digital and manual onboarding. After demonstrating the scalability of its platform, Amiqus moved from pilot into live production, and secured a three-year engagement.
Solving a multi-billion-pound problem
Client onboarding and compliance remain among the most complex, time-consuming and expensive processes in regulated financial services. From identity verification and anti-money-laundering checks to the secure exchange of documents and ongoing communication, firms and their clients face friction at every stage. As Callum Murray notes, it’s a multi-billion-pound problem to solve, and one that has only grown in importance as compliance and consumer duty obligations become central to how financial institutions operate.
What the partnership delivers
The technology partnership brings together Amiqus’s reusable digital identity and Anti-Money Laundering (AML) capabilities with Legado’s regulated communications and electronic signature platform. The result is seamless, connected, compliance-driven client workflows — from verifying identity biometrics to collecting, signing and evidencing documents — in one auditable journey. As part of the collaboration, Legado’s LegadoSign product will be fully integrated into the Amiqus platform.
The partnership is designed to support a range of regulated workflows, including:
- Investor, customer, and adviser onboarding
- Account opening
- Trust and beneficiary documentation
- Pension and investment instructions
- Consent forms
- Any regulated document where firms need a clear, auditable record
Between them, the two companies share a client base that includes Virgin Money, FNZ, Quilter, Scottish Building Society, Moneyhub, and Co-op Legal Services, with a growing presence in international markets.
A decade-long peer relationship
Reflecting on the collaboration, Callum Murray, Founder and CEO of Amiqus, said: “Josif and his team had the foresight to recognise the regulatory shift in how financial institutions meet consumer duty obligations with client communications, now seen as regulated infrastructure by boards and exec teams, central to governance and operational resilience. Our reusable identity wallet is perfectly aligned with their embedded digital signature product and with FNZ as a shared client and platform, there’s a huge amount of value we can jointly deliver to their client base, supporting seamless and embedded investor onboarding experiences.”
Josif Grace, Founder and CEO of Legado, said: “Amiqus has been a peer with us amongst scaleups based in Edinburgh and connected via FinTech Scotland for more than a decade, and they’re ahead of the curve in areas like AML. We can’t wait to begin working with Callum and his team on strategic opportunities that will benefit both companies and provide significant shared value for our clients.”
Collaboration over competition
Rather than viewing overlapping ground as a source of competition, Legado and Amiqus have chosen to combine capabilities to deliver something greater than either could alone. As Callum puts it, “collaboration over competition is the way to go when it comes to solving problems and growing”. That’s a philosophy that sits at the heart of the FinTech Scotland community, and one we’re proud to see put into practice.
For the UK financial services sector, the result is a meaningful step towards simpler, faster and more secure onboarding.
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