We’re delighted to share that ID-Pal has secured a coveted spot on the shortlist for the FS Awards, Compliance and RegTech category. These distinguished awards shine a spotlight on the groundbreaking innovations across various sectors within the financial services industry, from traditional banking and insurance, to FinTech and RegTech.
Within the Compliance & RegTech award category, providers are celebrated that consistently tackle the challenge of regulatory complexities head-on, by offering solutions that pave the way for seamless compliance with ever-evolving jurisdictional requirements.
ID-Pal’s shortlisting in the Compliance and RegTech category of the FS awards speaks volumes about our unwavering commitment to innovation and security excellence that supports the financial services sector. It’s also a resounding acknowledgment of the work by every member of the ID-Pal team to deliver on that.
In a landscape with mounting uncompromising regulatory demands, our end-to-end solution for identity verification and AML screening, enables organisations to effortlessly meet their AML and KYC obligations while offering customers an award-winning onboarding experience that can be completed in less than 60 seconds.
ID-Pal’s RegTech solution provides:
- Real-Time Identity Verification: ID-Pal can be integrated in a day to deliver real-time identity verification or integrated into an existing system via an API or SDK. It offers customers a seamless onboarding experience on any device, in person or online whilst speeding up the process of account openings and secure transactions.
- Streamlined Compliance: Deploying ID-Pal’s KYC and AML screening solution provides a robust framework to establish trust, comply with regulations, increase operational efficiencies, and safeguard customers from fraud and illicit activities, as well as any reputational damage. By streamlining compliance processes, ID-Pal helps financial services providers reduce the risk of non-compliance and helps them to navigate the complexities of regulatory frameworks.
- User Experience: ID-Pal places a strong emphasis on delivering a seamless and user-friendly experience for both financial services providers and its customers. The ID-Pal platform simplifies the onboarding process, making it convenient for clients to submit their identification documents and personal information.
- Omnichannel: Whether online, in-branch, or multi-office, financial services companies can customise in just a few clicks the end-to-end user experience via a no-code platform in the dedicated business portal, and tailor the identity verification process across their customer channels, product types and jurisdictions.
- Fraud Prevention: ID-Pal leverages a combination of AI-powered technologies including biometric, document and database checks to seamlessly verify an individual’s identity and address, and its dynamic design continuously updates to keep pace with the latest biometric advancements and regulatory updates.
Awards Ceremony – Winners Announcement!
Winners will be announced during the awards ceremony on October 26th at 12pm in the Round Room of the Mansion House – full details here.
To talk to our team about simplifying identity verification and AML screening for your business, contact sales@id-pal.com or discover how it all works here: ID-Pal ID Verification Solution – How it Works
About ID-Pal
Winner of Best Customer Facing Experience at the Pay360 Awards and currently shortlisted for Accounting Tech of the Year the Europe FinTech awards, ID-Pal is an award-winning ISO 27001 certified SaaS solution that enables businesses to verify the identity and address of customers in real-time and meet their AML/KYC compliance requirements. The plug and play platform can be up and running in the same day, and is also available as an API/SDK. Customisable to the specific needs of any business, the solution eliminates the complexity, cost, timelines, and risk associated with regulatory compliance.
