Press Release
The leading motor financing company partners with the identity verification solution to leverage biometric, document and database checks for real-time decisioning.
Dublin, 3rd April 2023 —
Global identity verification provider ID-Pal today announced its partnership with award-winning Bluestone Motor Finance, specialists in providing motor lending solutions to drivers across Ireland since 2014. The partnership delivers a seamless journey for customers to verify their identity in real time and enables faster financing decisions.
In recent years Bluestone has broken free from the traditional onboarding model and focused on building out channels and partners that enable digital transformation for their network of over 650 dealers across Ireland and offer robust compliance to meet their Anti-Money Laundering (AML) and Know your Customer (KYC) requirements.
Liz McNab, Head of Lending in Bluestone Motor Finance, comments:
“We partnered with ID-Pal to offer a friction-free experience and give customers faster decisions. That experience during onboarding is key to our success and customers highlight the simplicity and speed of the identity verification process with us. This gives us a true competitive advantage and allows people to purchase even sooner.”
By using ID-Pal, dealers benefit from faster results delivered in minutes by borrowers completing the identity verification process via the ID-Pal app. This removes the need for manual processes and makes onboarding faster via their dedicated Bluelink portal.
On the partnership, ID-Pal CEO and Founder Colum Lyons, says:
“ID-Pal enables digital transformation, out-of-the-box. We’re always excited to work with businesses like Bluestone Motor Finance who embrace the efficiencies of our solution in terms of robustness, time to deploy and most importantly, how easy it makes verifying any identity for both their dealers and their customers.”
About Bluestone:
Bluestone Motor Finance (Ireland) DAC (BMFI) are award-winning motor finance experts and work with an established, nationwide base of 650+ motor dealers and digital partners, specialising in providing finance for cars and vans across Ireland since 2014. BMFI’s extensive product range is suitable for buyers right across the credit spectrum, with competitive rates and simple lending solutions for all circumstances.
Combining industry-leading digital expertise, deep insight into car retailing and financing with the personal touch BMFI aims to provide a fast, tailored and affordable YES wherever possible.
Rated ‘Excellent’ on Trustpilot, BMFI is regulated by the Central Bank of Ireland, is a member of SIMI (Society of the Irish Motor Industry) and is a previous winner of the Process Improvement and Intelligent Automation Award at the Asset Finance Connect 2021 Awards and the Customer Journey Excellence Award at the Asset Finance Connect Summer Awards 2022.
For more information visit: www.bluestonemotorfinance.ie
PR contact
Stacey O’Connor
Head of Marketing
Bluestone Motor Finance
stacey.oconnor@bluestonemf.ie
About ID-Pal
ID-Pal is an award-winning ISO 27001 certified identity verification solution that enables businesses to verify identities and addresses in real-time. Offering a unique blend of industry-leading biometric, document and database checks to streamline AML and KYC in one GDPR compliant solution, it is available off-the-shelf and also integrates seamlessly with existing processes via an API or SDK or via their integration on the Salesforce AppExchange. Headquartered in Dublin, with offices in the UK and the USA, ID-Pal offers global identity verification coverage of more than 6000 identity documents and 200 verified address data sources to enterprise clients and SMEs across 200 countries and jurisdictions and
Ranked sixth in the 2022 Deloitte Technology Fast 50 Awards, ID-Pal is also a member of the global AIFintech100 2022 and listed in the RegTech100 2023. ID-Pal is a previous winner of Best Customer Facing Experience in the PAY360 Awards and the IT & Fintech Irish Times Innovation Award in 2022.
For more information visit: www.id-pal.com
PR contact
Natalia Papapolydorou,
Senior Account Manager
Rostrum
n.papapolydorou@rostrum.agency
