Tech

The global identity verification provider is launched in the UK

RegTech

An Irish-based identity verification service provider has entered the UK market after six years of growth.

Dublin-based ID-Pal also supports companies of all sizes in over 30 industries across Ireland, the US and the EU.

Current clients include large companies such as Grant Thornton and Zurich International, as well as SMEs such as UK Adviser and Trust My Travel.

The accelerated move to online during the pandemic, coupled with the recent growth of new regulations that include potentially conflicting regimes like 6AMLD and the GDPR, has made companies and their customers particularly vulnerable to reputational and monetary damage caused by financial crime.

Led by founder and CEO Colum Lyons, ID-Pal has developed a customizable identity and address verification solution to protect businesses from these risks, available immediately or as an API / SDK.

It offers coverage of over 6,000 identity documents in 200 countries and jurisdictions using a multi-layered approach that includes biometric, face matching, life testing, address verification and document checks.

“The way identity verification has historically been performed is not sustainable in our digital mobile ready world,” Lyons said.

“Manual verification of identity documents is inefficient and insecure, and the risk of data leakage and simple human error can make companies vulnerable to fraud. Our unique combination of identity checks, all based on a fully technological process, means that multi-level verification takes place on any identity document in real time.

“Using AI and machine learning offers greater accuracy in correctly classifying a document and reduces the margin for error and the need for manual intervention.

“We look forward to officially launching into the UK market and offering more businesses simple, secure and affordable identity verification for their business and customers.”

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The global identity verification provider is launched in the UK

Source link The global identity verification provider is launched in the UK

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