RegTech

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

Dublin ID-Pal also supports businesses of all sizes in more than 30 sectors in 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 transition to the Internet during the pandemic, coupled with the recent rise of new legislation, including potentially conflicting regimes such as 6AMLD and GDPR, has made businesses and their customers particularly vulnerable to reputational and monetary damage from financial crime.

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

It offers coverage of more than 6,000 identity documents in 200 countries and jurisdictions, using a multi-layered approach that includes biometrics, face matching, liveliness testing, address verification and document verification.

“The way in which identity verification has been done historically is simply not sustainable in our world, ready for the digital first mobile connection,” Lyons said.

“Manually verifying identity documents is ineffective and dangerous, and the risk of data leakage and simple human error can make a business vulnerable to fraud. Our unique blend of authentication document verifications, all fully process-driven, means that multi-layered verification takes place on any identity document in real time.

“The use of artificial intelligence and machine learning provides greater accuracy in the correct classification of a document and reduces the possibility of errors and the need for manual intervention.

“We look forward to the official launch of the UK market and the empowerment of more businesses through simple, secure and user-friendly verification for their businesses and their customers.”

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