Press Release, October 14th, 2020: Dublin-based ID-Pal, which has developed innovative technology that enables businesses to verify the identity of customers in real-time, easily and securely, has appointed Simon Montgomery as Chief Operating Officer. ID-Pal also recently completed a successful €1m funding round which was oversubscribed.
Simon brings over 20 years of experience in financial services to this new role. His addition to ID-Pal’s senior leadership team underscores the company’s focus on international expansion aligned to customer success. He formerly worked in senior roles for 17 years in pillar banks including AIB and Bank of Ireland, and most recently as Senior Operations Director for UK based fintech firm, Future Finance. Simon holds an MBA from Trinity College Dublin where he graduated from in 2014.
Colum Lyons, CEO and co-founder of ID-Pal said: “Simon’s extensive leadership skills, track record of driving sustainable change and his ability to create and implement scalable operational strategies will help us to accelerate our developments as ID-Pal enters a period of exponential international growth, where we already serve clients in 43 markets worldwide.”
Simon said: “ID-Pal is at a very exciting stage of development with market leading solutions and a growing client base ranging from indigenous SMEs to multinational corporates across multiple sectors. I am passionate about regulation and the role of technology in assuring compliance matched with convenience for companies and consumers. This is a major growth area and I’m looking forward to executing our strategy to take us to the next level”
The appointment of the new COO follows on from ID-Pal’s recent funding announcement where the company successfully raised €1m with investments from Act Venture Capital and a number of additional private investors.
ID-Pal is a Software as a Service (SaaS) developer, providing solutions for businesses to ensure compliance with regulatory identity requirements. It was founded in 2016 and has already been used in over 43 countries. The company’s products are easy for businesses to implement, simple for customers to use and ensure a seamless and secure interaction between providers of a wide range of services and their customers. Clients range in size from SMEs to large multi-national corporates.
ID-Pal’s mission is to take the cost, risk and frustration out of customer onboarding. They have packaged best-of-breed technologies with a high-quality user experience into an end-to-end solution that can be configured, branded and integrated with a business’ processes requiring minimal technical effort. The ID-Pal platform is built on a flexible technical architecture that allows businesses to maximise their customer acquisition rates compliantly across all channels and jurisdictions.
The ID-Pal system uses mobile technology that allows clients across multiple industries and sectors, including but not limited to payments, financial services, legal, insurance and property, to facilitate verification of their customers’ identities quickly and easily.
The funding will be used to continue growth and development across all areas of the business including further investment in technology, resources, system processes and Global sales and marketing activities including a focus on a range of international growth opportunities.
Current clients of ID-Pal include AIB Merchant Services, Elavon, Fexco, HID Global, KYC Global, Mercer, One4all and Sherpa Technologies, among others across the SME and corporate sectors. They also have active partnerships with Temenos and Salesforce.