ID-Pal is an award-winning Irish Fintech company, founded by industry practitioners who grew frustrated with the barrier that identity verification created in terms of doing business with clients. ID-Pal’s omni-channel identity verification solution uses best-of-breed technologies to enable seamless and robust merchant onboarding. The solution is used across Banks and Payment companies throughout EMEA and the US.
ID-Pal is a RegTech100 company
The ID-Pal journey started 2 years ago when we decided to attend MPE 2018 in order to explore and validate the Payments Industry as a possible market opportunity. The event proved to be invaluable for the business, providing crucial exposure to industry leaders, access to a broad client network and instant feedback on the ID-Pal product. We were also awarded the MPE 2018 Start-up Innovation Award.
Coming out of the event a number of industry leaders came onboard as early adopters in order to validate our solution and develop reference points.
These Merchant Payments providers had extremely specific requirements for their identity verification process, with complex use cases spread across different customer types, channels and jurisdictions. Working in close collaboration with these customers, we refined and enhanced our offering until it was perfectly tailored to their business needs.
Our successful engagement with clients has created significant further opportunities in the payments space:
- ID-Pal launched with Elavon across Europe and through this engagement will be going live with US Bank in 2020
- In 2019 ID-Pal rolled out across the AIB Merchant Services organisation, including their external partners. This business traction triggered ID-Pal’s relationship with Fiserv which will be further explored in 2020
Scaling through Partnerships
We have a number of extremely strong, global strategic partnerships that are amplifying our reach across the globe.
- 123signed is an automated merchant and consumer onboarding platform. Partnering with ID-Pal has enabled them to add automated identity verification as a service to their clients.
We are really looking forward to returning to the event this year, albeit in a very different context to the stage we were at in 2018. In just a short time our business has transformed from a start-up to an established, high-growth tech company, and we are excited to see the next wave of innovation that MPE 2020 brings.