It is with great pleasure that we announce that ID-Pal, a leading provider of identity verification and customer onboarding solutions, was recognized at the RegTech Insight Awards USA 2023 as the Best Know Your Customer (KYC) Solution.
RegTech Insight Awards recognize outstanding providers of regulatory technology solutions that are innovatively addressing the complexities of compliance within the North American financial services industry by utilizing regulatory technology solutions. This victory highlights the significant contributions of ID-Pal to the RegTech industry and is a testament to the efficiency of their identity verification technology, which ensures compliance without compromising customer service.
This RegTech Insight Award recognizes innovative providers of regulatory technology solutions in the North American financial services industry who are tackling compliance issues in a way that is innovative and effective. In addition to highlighting ID-Pal's significant contribution to the RegTech sector, their win is a testament to the effectiveness of their identity verification technology, which ensures compliance without compromising customer experience at the same time.
The fact that ID-Pal scooped the Best KYC Solution Award can be attributed to a number of key factors, among which are: ID-Pal's platform is at the forefront of innovation in the RegTech industry, and. Throughout its history, the company has continuously developed and improved its solutions, providing businesses with cutting-edge tools to streamline identity verification, customer onboarding, and customer retention processes.. Compliance with regulations is a critical concern for financial institutions and other businesses, and the company's solutions are designed to help them meet their compliance obligations, anticipate regulatory changes and adapt to evolving requirements in order to stay ahead of the curve.
 Compliance with regulations is a critical concern for financial institutions and other businesses, and the company's solutions are designed to help them meet their compliance obligations, anticipate regulatory changes and adapt to evolving requirements in order to stay ahead of the curve.
Moreover, ID-Pal has earned a reputation for its user-friendly platform, making it easy for both businesses and their customers to navigate their identity verification and onboarding process, and its solutions are not limited to the USA; they are available globally. It is the company's international presence and adaptability that have made it a trusted partner for businesses throughout the world.
As a result of the award, ID-Pal's Chief Business Officer James O'Toole commented, "I am extremely pleased and honored to have won the RegTech Insight Awards USA for the Best KYC category, which speaks volumes about our team's dedication and hard work. "It is our mission at ID-Pal to drive innovation in the RegTech industry, particularly KYC compliance, and to assist businesses in succeeding in a regulatory environment in which regulations are constantly changing. We are grateful to our clients and partners who have trusted us to deliver."
According to Angela Wilbraham, CEO at A-Team Group and host of the RegTech Insight Awards USA 2023, "These awards recognize companies that have provided RegTech solutions that have improved firms' ability to respond to increasingly complex and evolving regulatory requirements across the global financial services industry by providing firms with RegTech solutions." We would like to congratulate ID-Pal on winning the Best Know Your Customer Solution award."
ID-Pal: What it is and what it does 
ID-Pal is an award-winning provider of global digital identity verification solutions for customer onboarding. In addition to being trusted by organizations around the world, this company offers a unique blend of industry-leading biometric, document, and database checks in a single compliant solution that streamlines AML and KYC processes. There is an API/SDK and Salesforce AppExchange integration that comes with it out of the box.

Source prnewswire