ID-Pal are delighted to have been crowned the winner in the Best RegTech Solution category at the 2024 MPE Awards. This recognition reflects ID-Pal’s innovative approach to simplifying and streamlining the identity verification process for the payments industry. The win comes on the heels of ID-Pal’s 8th birthday, perfectly highlighting the company’s strategic growth and well-received market reception in the regulatory space.
The MPE Awards took place in the Intercontinental Hotel, Berlin on the evening of March 13th as part of the excellent 3-day MPE conference which welcomes payment professionals from top global merchants annually with 1400+ attendees, 160+ speakers, 350+ merchants and 90+ sponsors and exhibitors.
RegTech Solution
Designed to perfectly address the unique regulatory requirements of payments providers in over 200 jurisdictions and countries, ID-Pal’s RegTech solution distinguishes itself from other market vendors by being 100% AI-powered to deliver real-time verification results combined with an unwavering commitment to data security – ID-Pal has zero access to customer data. Its configurability, coupled with strict adherence to AML and KYC regulations and unrivalled data security standards, makes it the dependable choice for payments professionals aiming for robust compliance and accuracy in customer onboarding.
ID-Pal’s Continued Success
The success of ID-Pal in winning the Best RegTech Solution award at the MPE Awards is due to its unique ability to easily serve a wide range of customers such as payments and gift cards provider Blackhawk Network (BHN), and cashless tipping and payments leader StrikePay. Following its entrance into the U.S market in 2023, recent partnerships with Spirit of Alaska Credit Union, Gulf Winds Credit Union, American National University and award-winning lending and deposit account opening platform CreditSnap have quickly followed for the Irish RegTech.
The company consistently enhances its platform, offering advanced technologies and best practices for seamless customer onboarding. Understanding the importance of keeping pace with emerging digitally generated threats, ID-Pal introduced ID-Detect, to enable more accurate document fraud detection. With a global perspective, ID-Pal’s solutions can operate worldwide covering 200 jurisdictions with ease, demonstrating the company’s adaptability and the go-to partner for identity verification and AML screening for payments firms planning to scale globally.
Commenting on the award, CEO Colum Lyons of ID-Pal said,
“Just how easily ID-Pal sits at the core of the payment’s ecosystem is recognised by winning Best RegTech Solution at the 2024 MPE Awards. Being able to service such a diverse range of providers with ease, offering robust data security standards, real-time verification and 100% AI-powered technology is what sets us apart.
Providers with the most complex processes can integrate us seamlessly and take advantage of our award-winning highly configurable user journey. From our first nomination in 2017, to now marking our eight-year anniversary with this win, is a powerful reminder that a focus on user experience while striving for the highest security standards is an unbeatable mix.”
For more details on the awards, you can find them here.
About ID-Pal
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.
