Financial services
Our financial services solution simplifies customer due diligence by automating AML and KYC checks, helping you verify customers faster, prevent fraud at source, and maintain continuous regulatory compliance.
Benefits of ID-Pal for financial services providers
Deter fraudsters with AI defences
The more verification layers present, the harder it is for fraudsters to win. Most importantly, the user journey is easy and friction-free.
Reduce false-positives and manual reviews
Verify the details submitted by an individual match their residential address. Gain confidence in the identity of your clients, members or customers.
Transform onboarding from complex to clear
Capture, verify and securely store data from any point of onboarding to align offline and digital channels. Simplify results with one clear, full Address Match.
Multi-Layered
Digital Identity Verification
Our solution streamlines KYC processes, AML compliance, and fraud prevention. Tailored for finance professionals, it delivers seamless onboarding of customers, comprehensive database coverage, and cost-efficient risk management.
Secure your onboarding process and build client trust with a platform designed for compliance and data security.
Identity Document Verification
ID-Pal performs up to 70 technical checks per document, to ensure authenticity and confidently reject suspicious submissions. Our multi-layered identity verification process then verifies the facial image present.
Facial Matching Biometrics
Unburden your team from the challenge of manual identity verification. Our cutting-edge facial matching technology instantly confirms that the face in a submitted ID matches the person present. A 50-point biometric facial comparison maps features as part of our identity verification process.
Liveness Testing
Liveness Checks confirm a real, live person is completing your identity verification process. ID-Pal Liveness Testing instantly assesses micro-variations in fraudulent techniques. This is why our Liveness Testing technology is independently certified to prevent the latest presentation attacks.
Automated Address Verification
Reduce customer onboarding times with Address E-Verification. ID-Pal verifies an individual’s Name and Address against multiple databases during onboarding, ensuring one clear Full Address Match & removing the need for Proof of Address.
AML Screening
Add an additional layer of fraud prevention to your plan. Screen individuals in real-time against global PEPs and Sanctions lists. Perform adverse media checks across live sources and easily enroll individuals for periodic risk screening and ongoing monitoring.
Add-On Feature (additional cost)
Effortless to Implement for Financial Services
Same-day deployment with every aspect of the front-end user experience and back-end business process customisable in one click.
Out-Of-The-Box
- Setup in minutes
- Front and back-end ready
- Customise in seconds
API / SDK
- Integrate into existing systems
- Prebuilt, ready to deploy
- Tailor to your business needs
Salesforce Integration
- Go live in minutes
- Install directly in Salesforce
- Compatible with all Clouds
Fully certified and industry accredited
Case Studies
Discover why financial service providers use ID-Pal for Automated Address Verification
Recommended Products for Financial Services
ID-Detect
This add-on feature enhances document authenticity and accuracy rates on each submission via checks for document fraud.
Address E-Verification
Match against over 160+ trusted data sources to verify an address in real-time, as an additional layer of fraud prevention.
AML Screening
Instantly screen individuals against global sanctions lists. Perform adverse media checks across live sources. Enroll in ongoing checks.
Request a demo
Have more questions? We’re here to help! Get in touch to find out more about our identity verification solutions.
100% AI-powered
Real-time verification
Zero access to customer data
Identity Verification for Financial Service Providers FAQs
Why is Digital Identity Verification a Must-Have for Financial Services?
Digital identity verification is critical in the financial services sector for safeguarding against fraud, building client trust, and fulfilling regulatory requirements.
By accurately verifying client identities, financial service providers can significantly mitigate risk, maintain compliance with international regulations like KYC and AML directives, and foster a secure environment for clients and businesses alike.
This is essential in maintaining the integrity of financial transactions and protecting against financial crime.
Does ID-Pal Comply with International Regulatory Standards?
Our identity verification service is designed to comply with regulatory standards across 200+ jurisdictions and countries. We ensure adherence to the strictest data privacy regulations, such as GDPR, and have zero access to your customers’ data.
Our commitment to using 100% AI-powered technology allows financial service providers to operate with confidence in a global market while upholding the highest standards of fraud prevention against AI-fraud, fincrime and money laundering.
How Does the ID-Pal platform Benefit Financial Service Providers?
Our Identity Verification solution blends 100% AI-Powered technology with robust compliance to deliver seamless customer onboarding.
ISO 27001 and ISO 9001 certified, we offer robust security to protect against fraud, ensuring compliance with global regulatory standards, and a front-end user journey that can be configured to your unique business needs. With our scalable technology, financial service providers of all sizes can achieve efficient due diligence and risk management without compromising on service speed or quality.
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