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ID-Pal joins prestigious AIFinTech100 list for 2022

ID-Pal joins prestigious AIFinTech100 list for 2022 | Fintech Finance

Global identity verification provider ID-Pal has been named in Fintech Global’s prestigious AIFinTech100, an annual list of the world’s most innovative companies developing AI-driven solutions across the financial services sector and is based on research with over 2,000 FinTech companies.

Chosen by a panel of industry experts and analysts the list helps senior decision-makers identify the market-leading AI innovators which will have lasting impact on the industry.

The criterion for the list includes proof that the problem being solved is significant, demonstrated company growth and increased efficiency in financial services. As such, inclusion is a significant achievement for ID-Pal, and an indication of its success in developing an innovative AI solution that delivers a crucial market need.

ID-Pal offers businesses a GDPR compliant identity verification solution and is available off-the-shelf to start using same day or as an API/SDK. Fully customisable, businesses gain a customer-facing branded app that can be configured in minutes, in any language, and for any jurisdiction to fit their compliance needs. By using a unique blend of biometric, document and database checks, the experience for users is seamless and completed in seconds.

The solution enables companies to prevent fraud at source while eliminating the complexity, cost, and risks associated with the identity verification process.

Noteworthy in holding an ISO 27001 certification, ID-Pal distributes its technology to payment providers like Elavon and One4all as well as industry-leaders like Mourant and Lerex Technology. It’s strategic partners include HID Global, RiskScreen, Sherpa Technologies, Temenos and Vesta.

Robert O’Farrell, Chief Technology Officer, comments: “We have a brilliant technology and product team here at ID-Pal and I feel this recognition on the AIFinTech100 is a wonderful testament to their efforts. We have taken on the problem no one else would. We created an identity verification platform for every use case rather than just providing our clients with the toolbox. The benefits for clients are there for all to see and give us a unique place in the identity industry. Thank you to AIFintech100 for recognising that.”

On the AIFintech100 ranking, FinTech Global director Richard Sachar said, “Now, more than ever, established financial institutions need to be aware of the latest AI and data analytics technology in the market to deliver competitive financial products and reach new customers. The AIFinTech100 list helps senior decision-makers in the industry filter through all the vendors in the market by identifying the market-leading AI innovators which will have lasting impact on the industry.”

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