- The annual RegTech100 reveals the heavy hitters transforming the regulatory technology sector
- A panel of analysts and industry experts reviewed thousands of businesses, which was produced by RegTech Analyst.
7th December 2022: Global identity verification provider ID-Pal has been named in the RegTech100 for 2023, a list of the world’s 100 most pioneering businesses in the regulatory technology market.
The RegTech100 is updated annually to recognise the next generation of providers shaping the future of regulatory technology. It aims to support decision-makers and compliance professionals in evaluating which solutions are the best fit for their business.
On joining this year’s RegTech100, CEO and Founder Colum Lyons comments:
“This clearly signals that how we verify identities and addresses for organisations, delivers clear efficiencies while preventing fraud. The simple, convenient end-user experience we designed for also allows enterprises and SMEs around the world to meet their regulatory requirements while delivering digital transformation, out-of-the-box. Our team are honoured to have been recognised by the RegTech100 panel as a leader in this space.”
Regulatory technology companies focus on supplying financial institutions with digital transformation strategies to help optimise their compliance, risk management and cybersecurity processes.
ID-Pal’s award-winning ISO 27001 solution harnesses a unique blend of biometric, document and database checks to seamlessly verify identities and addresses in real-time, as part of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance.
For SMEs, ID-Pal’s delivers a complete end-to-end customer-facing digital ID&V app that is branded and configured in any language, within a matter of minutes, without any technical resource needed. Built to integrate seamlessly with existing processes, the platform’s customisability has proven revolutionary for larger enterprises, who need AML compliant customer-onboarding to meet varying regulation across business units and geographies.
On the latest RegTech100 list, RegTech Analyst director of research Mariyan Dimitrov said,
“With the rapid changes in regulatory frameworks, working habits and customer expectations, compliance and regulatory technology continue to be a growing area of investment for financial institutions as they streamline their operations. The RegTech100 list helps senior executives get a better ROI on that spending by highlighting the leading companies in areas such as onboarding, risk management, fraud prevention and information security”
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 the winner of Best Customer Facing Experience in the 2021 PAY360 Awards and the IT & Fintech Irish Times Innovation Award in 2022.
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