Market Research Report: ID-Pal
1. Company Overview
Name
ID-Pal
Mission of the Company
Providing everyone with a simple, secure, and convenient way to verify their identities.
Founding and Key People
- Founded: 2016
- Founder: Colum Lyons
- Key People:
- Colum Lyons, CEO and Founder
- James O’Toole, Chief Business Officer
- Simon Montgomery, Chief Operating Officer
- Robert O'Farrell, Chief Technology Officer
- Sara West, Commercial Director
Headquarters
- Location: 145 Pearse Street, Dublin 2, Ireland D02 CP08
Number of Employees
No information available
Revenue
No information available
What the Company is Known For
ID-Pal is known for its real-time identity verification and AML screening solutions using 100% AI-powered technology.
2. Products
Product Suite
ID-Pal’s product suite comprises various identity verification and compliance solutions which can be grouped as follows:
Digital & Online ID Verification
- Description: Real-time verification using biometric, document, and database checks.
- Key Features:
- 100% AI-powered
- Real-time results
- Zero access to customer data
Identity Document Verification
- Description: Verification of documents including passports, driver's licenses, and national ID cards.
- Key Features:
- Document authenticity checks
- Biometric facial matching
- Liveness detection
- Address verification checks
Address E-Verification
- Description: Automatic verification of customer address information.
- Key Features:
- Real-time verification
- Database matching
- Faster customer onboarding
AML Compliance
- Description: Compliance solutions for Anti-Money Laundering regulations.
- Key Features:
- Instant fraud detection
- Sanction screening
- Robust audit trails
KYC Compliance
- Description: Know Your Customer solutions to enhance compliance efficiency.
- Key Features:
- Automated KYC checks
- Smart workflows
- Comprehensive data matching
Customer Onboarding
- Description: Seamless customer onboarding processes integrated into existing systems.
- Key Features:
- Configurable journey
- User-friendly interface
- Real-time decisioning
Fraud Prevention
- Description: Proactive fraud detection and prevention mechanisms.
- Key Features:
- AI-enhanced document checks
- Real-time alerts
- Fraud analytics
Salesforce Integration
- Description: Direct integration with Salesforce for streamlined operations.
- Key Features:
- Same-day deployment
- Compatible with all Salesforce Clouds
- Tailored configurations
3. Recent Developments
Recent Developments in the Company
No information is available
New Products Launched
No information available
New Features Added to Existing Products
- ID-Detect Feature:
- Description: Enhanced document fraud detection.
- Key Features:
- Detects Screen Recapture, Photocopy, and Portrait Substitution
- Improves accuracy rates
- Detailed results for review
- Maximizing efficiency of compliance teams
- Compliance with AML and KYC regulations
New Partnerships
- Illumini.ai: ID-Pal partnered with Illumini.ai showcasing global growth.
- PIMFA: ID-Pal announced a partnership with PIMFA.
- Adminovate: Gold sponsorship of Adminovate summit.
4. Case Studies
ISO 27001 Certification Europe Case Study
- Background: ID-Pal obtained ISO 27001 certification with no non-conformities.
- Benefits:
- Enhanced data security
- Compliance with regulations
- Increased customer trust
- Competitive advantage
- Continuous improvement
Lerex Technology Case Study
- Background: Implemented ID-Pal for business and consumer-based programs.
- Results:
- Robust compliance and seamless onboarding
- Operational efficiencies via API integration
Trust My Travel Case Study
- Background: Digitized verification process for travel payments.
- Results:
- User-friendly digital journey
- Efficient back-office process
- Robust compliance and fraud protection
5. Certifications and Awards
Key Recognitions
- ISO 27001: Certified since 2020
- Awards:
- PayTech Awards 2024
- RegTech Insight USA Awards
Recent Nominations
- Shortlisted in several categories for 2024 awards including Best KYC Solution and Best RegTech Solution.
This comprehensive report provides a detailed overview of ID-Pal's business and recent advancements, showcasing its focus on technology-driven identity verification and regulatory compliance solutions.
