We are delighted to announce that ID-Pal has been shortlisted for the Best RegTech Solution at the National Fintech Awards 2024. The National Fintech Awards, in association with GRID Finance celebrate innovation and excellence within the fintech sector in Ireland. The awards programme celebrates the exceptional achievements of the Irish Fintech industry, showcasing the very best from the brightest startups to the most established companies, who are paving the way for a more innovative, diverse and inclusive industry.
This nomination comes not long after ID-Pal’s 2024 MPE award win in the “Best RegTech Solution” category and our inclusion in the RegTech100 list for 2024. For ID-Pal, being shortlisted at the National Fintech Awards reaffirms our position as a leader in the sector, providing innovative solutions that establish benchmarks for the industry.
ID-Pal’s RegTech Solution Provides:
Regulatory 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 financially regulated institutions reduce the risk of non-compliance and navigate the complexities of regulatory frameworks.
User Experience: ID-Pal places a strong emphasis on delivering a seamless and user-friendly experience. 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 across multiple offices, our platform enables companies to customise the end-to-end user experience via a no-code platform in the dedicated business portal, tailoring the identity verification process across their customer channels, product types, and jurisdictions.
Fraud Prevention: Every business is a prime target for fraudsters seeking to exploit vulnerabilities in the onboarding process. ID-Pal’s multi-layered verification system, which includes biometric analysis and document validation, effectively detects and prevents fraudulent activities, safeguarding the organisation and its customers.
Data Security: Unlike other providers, ID-Pal has zero access to customers’ data. This policy safeguards data confidentiality and ensures customer privacy.
Scalability: As the needs of a business grows, so does the volume of customer onboarding and verification requests. ID-Pal’s scalable solution can handle increased demand while maintaining efficiency and accuracy.
Reduction of Manual Effort and Errors: Through automation, ID-Pal reduces the reliance on manual effort, minimising paperwork and potential human errors.
Learn more about ID-Pal’s Solutions here.
The National Fintech Awards ceremony takes place on Wednesday, 2nd October 2024 at the Round Room in The Mansion House, Dublin. The evening kicks off at 6.30pm with a wine reception, followed by a black-tie gala dinner at, where the awards will be presented, celebrating the exceptional achievements within the fintech sector.
Find out more about the National FinTech Awards here.
