We’re thrilled to announce that The Business & Finance Awards, renowned for honouring outstanding business leadership and innovation, has included CEO and founder of ID-Pal, Colum Lyons, in its shortlist for the Business Person of the Year award.
About the Business and Finance Awards
The Business & Finance Irish Business Awards has recognised excellence in Irish business for over 48 years and is the longest-running and most-coveted business awards programme in Ireland. These prestigious awards have celebrated the outstanding achievements of individuals such as JP McManus, Neville Isdell, Michael Smurfit, Tony Ryan, Dermot Desmond, Liam O’Mahony, Willie Walsh, Philip Lynch, Peter Sutherland, TK Whitaker and Denis O’Brien as recipients of the Business Person of the Year.
ID-Pal’s Impressive Growth
ID-Pal streamlines Anti-Money Laundering (AML) and Know Your Customer (KYC) processes within a GDPR-compliant solution and offers flexible deployment options, including an out-of-the-box solution, API/SDK integration, and as a Salesforce AppExchange.
No technical knowledge is required, and customisation of the app and verification requirements can be done in just a few clicks so that the user experience can be tailored across customer channels, product types and jurisdictions. Back-office efficiencies are immediate, allowing digital transformation through automated decisioning and smart workflows. End-users benefit from a seamless online onboarding experience where their identity, documents and address can be verified in seconds reducing any manual errors or laborious efforts.
Founded in 2016, ID-Pal is headquartered in Dublin and backed by Enterprise Ireland, and offers global coverage of more than 7000 identity documents and 200 verified address data sources to enterprise clients and SMEs across 30 industries and 200 countries and jurisdictions.
Following expansion into the UK in 2022 and a successful Series A funding round in July 2022, ID-Pal has continued experiencing exponential growth and adoption of its solutions leading to its launch into the US market earlier this year. Both market expansions in the UK and US were strategically timed to meet the escalating demand for real-time, secure and reliable identity verification solutions that directly address the challenge of identity fraud while enhancing the customer onboarding experience.
This award nomination highlights Lyons’ leadership, and the significant achievements ID-Pal (as a team) has accomplished under his direction.
ID-Pal’s solution verifies identities within 60 seconds, setting a new industry standard.
ID-Pal distinguishes itself by adopting full encryption of data, and not retaining end-users’ data, prioritising data protection and security.
Latest product innovation developments include AML screening, image tampering detection, and automated Due Diligence reporting.
Continually expands and integrates global database sources.
Solution is accessible in-branch, online, or remotely via web, app, or desktop.
Partnership and collaboration to increase reach and product positioning.
In 2022, ID-Pal was honoured with the Irish Times IT & Fintech Innovation Award and placed 6th in the Deloitte Technology Fast 50 Awards. It was also listed in the AIFintech100 for 2022 and the RegTech100 for 2023, underscoring its innovative solutions in AI and regulatory technology. More recently, ID-Pal was named ‘Category Leader KYC Enterprises Solution’ in the Chartis Quadrant 2023, and won the Best KYC Solution category at the RegTech Insight Awards USA 2023.
2023 and Beyond!
Lyons’ proactive approach and dedication to delivering simple, secure, and convenient identity verification solutions have paved the way for ID-Pal’s ongoing expansion. His inclusion in the Business Person of the Year shortlist is not only a personal accolade but also a recognition of the innovative contributions ID-Pal has made in the identity verification industry under his leadership.
We wish all the shortlisted finalists the very best of luck!
Learn more about the Business and Finance Awards here.
Winner of Best Customer Facing Experience at the Pay360 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.