We are thrilled to announce that ID-Pal, the leading provider of cutting-edge digital identity verification solutions, has been shortlisted for the prestigious RegTech Insight Awards USA 2023.
Each year, RegTech Insights recognises the top global companies operating in the regulatory technology space through its annual awards program. The awards showcases both established solution providers and innovative newcomers providing RegTech solutions that have successfully improved a firms’ ability to effectively respond to evolving and ever more complex regulatory requirements across the global financial services industry.
The nomination places ID-Pal among the industry’s top contenders in the Best Know Your Customer (KYC) Solution category, but we need your help as the award relies on votes.
We’d greatly appreciate 1 minute of your time to vote for ID-Pal in the Best KYC Solution Category in this year’s RegTech Insight Awards.
How to vote for ID-Pal:
- Click here
- Enter your details
- Cast your vote by selecting ID-Pal in Category 17
- Hit “Next” at the bottom
- Click “Done” to finalise your vote.
The Best KYC Solution shortlisting underscores ID-Pal’s continuous efforts to address the growing challenges of regulatory compliance and customer identity verification. Businesses globally rely on ID-Pal’s robust and user-friendly platform to transform their KYC processes, significantly reduce onboarding time and enhance the customer experience.
Why vote for ID-Pal’s KYC Solution:
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.
End-to-End KYC & AML Screening: Seamlessly integrate real-time automated identity checks, document authentication, and Anti-Money Laundering (AML) screening into your compliance process. Identify and mitigate the risks associated with high-risk individuals through real-time Peps and Sanctions checks, Adverse Media checks and ongoing monitoring to ensure KYC compliance while minimising the risk of non-compliance penalties and legal disputes.
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 it’s dynamic design continuously updates to keep pace with the latest biometric advancements and regulatory updates.
Regulatory Compliance & Risk Mitigation: ID-Pal enables financial institutions to demonstrate full compliance with regulatory requirements by providing a robust audit trail and evidence of due diligence efforts, audit trails and additional reports, enabling them to mitigate risk, protect their reputation and avoid costly penalties. ID-Pal also holds certification in the leading international standard in Information Security, ISO-27001.
Global Coverage: : Using ID-Pal, financial institutions easily verify identity documents from varying jurisdictions and across different touchpoints. This capability is vital in the current global financial landscape, where omnichannel functionality is key and cross-border transactions are standard. Boasting coverage of more than 7000 identity documents and 200 verified address data sources, ID-Pal serves enterprise clients and SMEs across 200 countries and jurisdictions.
Award-winning User Experience: A previous winner of the Best Customer-Facing Experience in the Pay360 awards, the platform and its front-end white-label app is designed to offer a friction-free user-experience. It simplifies customer onboarding and AML screening, making it convenient to submit identity documents and personal information securely, in seconds. The ID-Pal team is proud to be recognised for their dedication to delivering world-class identity verification solutions. With a focus on empowering businesses, enhancing compliance, and providing a seamless customer experience, ID-Pal continues to lead the way in revolutionising the future of KYC processes.
Voting closes for the RegTech Insight Awards USA 2023 on Friday 15th September at 5pm sharp so please get your vote in before the deadline passes!
Stay tuned for the results as the winners will be announced at a celebratory drink’s reception at the end of the RegTech Summit in New York on 16th November 2023 and you can check out the full list of shortlisted finalists here.
Thank you for all your support!
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.
