ID-Pal

As generative AI technology evolves, creating convincing fake documents using stolen data and altered images has become increasingly accessible. These developments present a growing challenge for identity verification systems worldwide. In 2023 alone, there was an 80% increase in fraudulent documents detected (Biometric Update), underscoring the urgent need for advanced solutions that can effectively identify and reject these AI-generated IDs. ID-Detect safeguards your business by identifying synthetic IDs across three major threat vectors—screen replays, printed copies, and portrait substitution attacks. Our solution employs a multi-layered approach, combining machine learning with advanced fraud detection techniques to ensure maximum security. Talk to our team today: sales@id-pal.com #documentfraud #frauddetection #riskmanagement #customeronboarding #identityverification #screening #compliance #AML #KYC #OFAC

👻 The ID-Pal office is looking pretty spooktacular this week thanks to the artistic talents of Nishi Patel who brightened up the office windows with her fantastic drawings 🎃 #Halloween2024 #greatplacetowork #culture #team

Enhance your #identityverification and #AML screening processes with ID-Pal. Effortlessly conduct Politically Exposed Person (PEP) and Sanction screening in just seconds, coupled with Adverse Media checks to minimise risks to your business. You also have the option for Ongoing Monitoring to maintain compliance. Strengthen your existing #identityverification with an award-winning onboarding experience for both customers and employees. Connect with our expert team at sales@id-pal.com or learn more at https://lnkd.in/ejybK9Zd #compliance #riskmanagment #fraudprevention #antifinancialcrime #screening #AML #KYC

The Paypers covers our partnership with Finset Ltd, who were able to prevent £700,000 in AI document fraud in just six months using ID-Detect, while streamlining customer onboarding. As identity verification becomes increasingly vital in today's digital landscape, our collaboration aims to strengthen security measures and protect businesses and consumers alike from evolving online threats. https://lnkd.in/eCDyiQyk #IdentityVerification #FraudPrevention #DigitalSecurity #Partnership #Fintech #IDPal

We’re thrilled to welcome industry veteran John Purdy to our Board of Directors. With an impressive 30-year track record at Ergo, scaling it into a €200 million enterprise, John brings unmatched strategic insight and leadership that aligns perfectly with our growth ambitions. Purdy’s achievements include co-founding Ergo and leading its expansion through two spin-offs—Fenergo and FlowForma —and multiple strategic@ acquisitions, including CDSOFT and BoatyardX. His dedication to innovation has earned him the Tech Excellence Lifetime Achievement Award—a true testament to his contributions to the tech sector. As ID-Pal expands in the US and partners with industry leaders like Salesforce, Mastercard, and Melissa John’s role as an independent non-executive director (iNED) will be pivotal, as we meet the increasing demand for AI-driven fraud prevention solutions and scale our identity verification offerings in new markets. Our CEO, Colum Lyons, shares the excitement: “John’s experience and vision align with ID-Pal’s trajectory. His insights will be instrumental in driving our growth and reaching new heights.” John Purdy on joining ID-Pal: “ID-Pal’s innovative approach to identity verification is impressive. I look forward to supporting the team in achieving its strategic goals and expanding our global footprint.” We’re geared up for a transformative journey ahead. #boardnews #Leadership #growth #IdentityVerification #RegTech https://lnkd.in/e7W_MW9P

Sara West, Commercial Director at ID-Pal will be attending "The Future of Payments: Harnessing Innovation and Change" hosted by Mastercard tomorrow. The event is designed to provide attendees with expert insights, hearing from leaders about their strategies and challenges in navigating a rapidly changing environment. If you'd like to catch up with Sara while there, feel free to DM Sara directly on LinkedIn. #mastercard #payments #futureproofing #insights #technology #networking

✨ Yesterday, we gathered to celebrate Diwali, the festival of lights, with a team lunch, beautifully crafted and presented by Chayan Singh. Dress Code was Diwali-Chic and the team definitely delivered! It was a restaurant-quality experience right in the comfort of our office, and the team appreciated every bite. Not only that but we got to celebrate birthdays for Nishi Patel and Tanzeeb Iqbal. Thank you, Chayan Singh, for making our Diwali celebration so memorable. Here’s to embracing the spirit of the festival and the joy of togetherness! 🌟 #Diwali #TeamCelebration #Diversity #WorkCulture

#FraudFacts: Mikhail Vishnyakov FCIArb, Partner, and Emily Davies, Associate, at Cooke, Young & Keidan LLP share their thoughts with International Adviser on the Financial Conduct Authority fines of £29 million imposed for "lax" sanctions screening. https://lnkd.in/e3EsEeaM Identifying high risk or sanctioned individuals or entities before transacting should be a priority. Beyond basic due diligence, enhanced measures when verifying high-risk customers ensure concerns are acted upon. In an ever-changing regulatory landscape development of financial crime systems and controls is key to allow automation based on risk thresholds and capacity to promptly react to high-risk individuals. Dealing with financial crime issues on a reactive basis may mean failing to address triggers before they escalate. Learn more about how ID-Pal can conduct real-time #identityverification and #AMLScreening for your business today. Contact sales@id-pal.com #AML #KYC #SanctionsScreening #compliance #riskmanagement #fraudprevention

Today's the day! ID-Pal’s AI-powered document fraud detection feature, ID-Detect, has been shortlisted for Fintech Innovation at the 2024 FS Awards, in association with KPMG! And we’re also thrilled to be finalists in the Compliance & RegTech category. Wishing all the nominees the best of luck today! Read more here: https://lnkd.in/eQq5wpBA #FSAwards #FSAwards24 #fintech #financialservices #innovation #technology #awards #iddetect #identityverification

Digital transformation is reshaping the wealth management industry. In Alexander Blayney's latest article for PIMFA - Personal Investment Management & Financial Advice Association, he explores how innovative technologies like ID-Pal are driving efficiency and ensuring compliance in a rapidly evolving landscape. From streamlining client onboarding to safeguarding sensitive data, the insights shared highlight the pivotal role of seamless identity verification in staying ahead of regulatory demands. Read the full article here:  https://shorturl.at/rOh6X #wealthmanagement #pimfa #wealthindustry #digitaltransformation #compliance #efficiency #clientexpectations