Press Release

–

• An early investor in ID-Pal and long-standing Board Member, Murphy brings over 30 years of experience as an investor, advisor, and director in financial services firms
• Murphy’s background is in scaling high-growth companies internationally, including Waystone and BNY Mellon
• Focus will be on corporate governance, whilst developing their growth strategy following €7 million Series A funding

Dublin, 13th February 2023 —

Leading global identity verification provider ID-Pal, today announced the appointment of Tim Murphy as the new independent Chairperson of its Board of Directors. An early investor in ID-Pal, Murphy has sat on the Board as a non-executive member since 2017 and his current position is Principal Director at mergers and acquisitions (M&A) advisory firm, Guacamole Partners Limited.

Murphy has accrued widespread experience investing in and advising start-ups along with serving as an Executive and Independent Director in several financial services firms. A qualified accountant, Murphy oversaw the expansion of BNY Mellon in Ireland before holding several executive roles, with a predominant focus on M&A in the fintech space.

At Waystone (formally DMS Offshore Investment Services Ltd) Murphy was the Chief Operating Officer and Chief Financial Officer during their successful management buyout, before becoming an independent non-executive Director there. Murphy currently is also the independent chair of Geneva Ireland Financial Trading.

Murphy’s previous roles also include serving as Director on the board of NBCGF, the National Bank of Canada’s Irish subsidiary for nine years and being a member of the Social Care Workers Registration Board for the past seven years, including a current tenure as Chairperson. As Chairperson, Murphy will oversee governance requirements in ID-Pal – a fast-growth company that is pioneering new standards in KYC and AML screening for organisations globally. The appointment comes just six months after ID-Pal’s successful €7 million Series A funding round, led by Inspire Investments.

Murphy brings a wealth of industry expertise to his appointment, as ID-Pal meets global demand across over 30 sectors for its industry-leading identity verification solution.

On being appointed as the new Chairperson of the Board of Directors in ID-Pal, Tim Murphy, said:

“As an early investor in ID-Pal, I am a firm believer in the market-leading proposition it has to offer and look forward to supporting and advising the team in my new role, as it continues to deliver on its international expansion plans.

“I am excited to be part of the journey ID-Pal is on as it continues to exceed the goals it set out to achieve and look forward to working more closely with the Executive team.”

On the appointment Colum Lyons, CEO and founder of ID-Pal, comments:

“ ID-Pal has always focused on having the best technology and people in place to deliver and scale – and this has been a key factor in our record growth. Since 2017 Tim’s contributions have been invaluable, given his insights and expertise from across the fintech sector and financial services space.

I am confident that his appointment will drive the expansion of our identity verification solution to more markets worldwide.” 

About ID-Pal

Founded in 2016, ID-Pal is an award-winning ISO 27001 certified identity verification solution that enables businesses to verify identities and addresses in real-time. Offering a unique blend of industry-leading biometric, document and database checks to streamline AML and KYC in one GDPR compliant solution, it is available out-of-the-box, as an API/SDK and as a Salesforce AppExchange integration. ID-Pal’s technology is also certified for the UK Digital Identity & Attributes Trust Framework (UKDIATF). Headquartered in Dublin and backed by Enterprise Ireland, ID-Pal offers global identity verification coverage of more than 6000 identity documents and 200 verified address data sources to enterprise clients and SMEs across 200 countries and jurisdictions.

Ranked sixth in the 2022 Deloitte Technology Fast 50 Awards, ID-Pal is also a member of the global AIFintech100 2022 and listed in the RegTech100 2023. ID-Pal is a previous winner of Best Customer Facing Experience in the PAY360 Awards and the IT & Fintech Irish Times Innovation Award in 2022.

For more information visit: www.id-pal.com.

Media contact  

Jemima Wright
Senior Account Manager

Rostrum
j.wright@rostrum.agency