What PEXA does
We provide trusted digital infrastructure that helps lenders and conveyancers complete with greater certainty, security and confidence, by supporting the secure movement of funds and the lodgement of title within a regulated digital workflow.
Our use case in the Synchronisation Lab
In the Synchronisation Lab, PEXA’s use case focuses on how synchronisation capabilities could support stronger coordination between:
The reservation and release of lender funds
Title lodgement steps within a property transaction flow
The aim is to test how these steps could be aligned more closely, so that completion processes can be delivered with greater certainty and reduced operational risk.
What we expect to demonstrate
Using an existing remortgage or sale & purchase flow, PEXA expect to demonstrate over a six-month period:
- The successful Reservation / Releasing / Cancellation of an earmark placed against Lender funds held in their respective settlement accounts in the renewed RTGS.
- The successful lodgement of title with HMLR, and the potential demonstration of rollback.
- Atomic completion, where Lender funds held in RT2 are released only when title lodgement is assured
In a successful Lab demonstration, this will show how synchronisation can eliminate property settlement risk using existing market infrastructure.
Who this is relevant for
This work is relevant to organisations involved in property transactions and settlement flows, including lenders, conveyancers and ecosystem partners interested in supporting a safer, more predictable completion process.
Contact
If you would like to learn more about PEXA’s proposition, share feedback, or discuss how you could support the design and delivery of future capabilities, please get in touch.