We are thrilled to announce that ID-Pal has been shortlisted for the 2024 Merchant Payments Ecosystem (MPE) Best RegTech Solution award.
The MPE Awards celebrate excellence and innovation in the merchant payments industry, acknowledging companies that drive significant advancements in the sector. Being shortlisted for the Best RegTech Solution recognises ID-Pal’s efforts in enhancing regulatory compliance, improving security, and facilitating seamless customer experiences.
ID-Pal’s RegTech Solution Provides:
- Regulatory Compliance: Deploying ID-Pal’s KYC and AML screening solution provides a robust framework to establish trust, comply with regulations, increase operational efficiencies, and safeguard customers from fraud and illicit activities, as well as any reputational damage. By streamlining compliance processes, ID-Pal helps payments providers reduce the risk of non-compliance and helps them to navigate the complexities of regulatory frameworks.
- User Experience: ID-Pal places a strong emphasis on delivering a seamless and user-friendly experience for both payments providers and its customers. The ID-Pal platform simplifies the onboarding process, making it convenient for clients to submit their identification documents and personal information.
- Omnichannel: Whether online, in-branch, or multi-office, payments providers can customise in just a few clicks the end-to-end user experience via a no-code platform in the dedicated business portal, and tailor the identity verification process across their customer channels, product types and jurisdictions.
- Fraud Prevention: Payments companies are prime targets for fraudsters seeking to exploit vulnerabilities in the onboarding process. ID-Pal’s multi-layered verification system, which includes biometric analysis and document validation, effectively detects and prevents fraudulent activities, safeguarding the organisation and its customers.
- Data Security: Unlike other providers, ID-Pal has zero access to customers’ data. This safeguards data confidentiality and customer privacy.
- Scalability: As payments providers grow, so does the volume of customer onboarding and verification requests. ID-Pal’s scalable solution can handle increased demand while maintaining efficiency and accuracy.
- Reduction of Manual Effort and Errors: Through automation, ID-Pal reduces the reliance on manual effort, minimising paperwork, and potential human errors.
The MPE 2024 Conference and Awards Ceremony
The winners will be unveiled at the prestigious MPE Awards Ceremony & Gala Dinner, taking place on March 13, 2024. The ceremony will start at 8.00 pm and is a highlight of the MPE 2024 Conference, running from March 12-14 at the InterContinental Berlin Hotel. This event promises to bring together the best minds in the payments ecosystem, offering a unique opportunity to celebrate innovation, network with industry leaders, and gain insights into the future of the payments industry.
We eagerly await the results of the MPE Awards, and we wish all other nominees the very best of luck!
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.
