Dublin, Aug 30th 2023 –
We are delighted to announce that ID-Pal has been selected as a distinguished Enterprise Solution within the exclusive group of premier AML technology providers in the Chartis Quadrant for KYC Solutions’ 2023 report.
Over time, KYC Solutions have undergone transformative shifts to remain at the forefront of evolving market demands and regulatory obligations, and enterprises are today seeking solutions that encompass advanced automation capabilities, the integration of cutting-edge technologies such as Artificial Intelligence and Machine Learning, seamless integration, geographical adaptability, scalability and multi-layers of screening.
ID-Pal has garnered recognition from Chartis Research, a distinguished independent firm specialising in analysis of global risk technology market trends. This acknowledgment was revealed in Chartis’ latest report published, where ID-Pal was assessed as the Enterprise Solution for KYC solutions. This honor is exclusively given to technology platforms that seamlessly merge extensive feature sets with data management, analytics, and collaborative functionalities.
What makes ID-Pal’s KYC solution ideal for Enterprises?
Chartis Research characterises “Enterprise solutions providers” as those who have developed risk management technology platforms that seamlessly blend functionally robust risk applications with comprehensive data management, analytics, and Business Intelligence. A pivotal distinguishing factor in this category is the adaptability and openness of the technological framework, employing a ‘toolkit’ approach to risk analytics and reporting that resonates with larger clientele. These Enterprise solutions are typically supported by all-encompassing infrastructure and service capabilities, delivered through cutting-edge technology. Furthermore, they unify risk management content, data, and software to create an integrated, all-inclusive resource hub for potential buyers.
This international recognition stands as a testament to the ongoing efforts of ID-Pal in driving product innovation, research, development, and seamless integration. It also further puts emphasis on its commitment on providing a platform that enables regulatory coverage, flexibility, and scalability. This distinctive approach has propelled ID-Pal to the forefront, surpassing several other players in terms of the solution’s ease of integration and User Experience.
Commenting on the recognition, Colum Lyons, CEO of ID-Pal says:
“We’re thrilled to have been recognised as an Enterprise Solution in this year’s Chartis RiskTech Quadrant for KYC Solutions. This truly reflects the culmination of the dedicated work of our teams, and the vision to always offer a state-of-the-art technology-first platform that caters to the evolving landscape of KYC requirements.”
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 7000 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 also won a Best Customer Facing Experience Award from PAY360 and the 2022 IT & Fintech Irish Times Innovation Award.
For more information visit: www.id-pal.com