In a major development, the global identity verification major ID-Pal has partnered with Keystone Property Finance with an ambition to give a push to the latter’s onboarding for mortgage brokers and borrowers.
After the agreement comes into force, Keystone will be utilizing ID-Pal’s identity verification solution that works in layers to verify the identities and addresses through a secure, branded client-facing app that will further enhance the company’s efficacy in the market.
Customers will also benefit from a robust compliance and full audit trail. In the backdrop of the deal, the duo claims this partnership will make the mortgage application process easier for brokers and landlord clients by saving time and resources used on admin tasks.
Apprising the world about the new deal Keystone managing director Elise Coole said, “We are always looking for new ways to streamline our customer journey and we are confident our new partnership with ID-Pal will cut a significant amount of time off our application processing times.”
He went on to further add, “We’ve always put technology right at the heart of our business, having created our bespoke system from scratch when we launched in 2018. Our new relationship builds on that and ensures we have a cutting-edge offering that rivals anything in the specialist buy-to-let market.”
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ID-Pal which is an Irish company has the work in dealing with leverages biometrics, documents and database checks to verify identities and addresses remotely on any device.
The company claims the accuracy that it provides in real-time decisions and the automated workflows shorten the full client onboarding process to seconds.
It is not strange to establish a partnership in the latest development last year it teamed up with the payment solution provider Lerex Technology.
Based on the reports through this deal, ID-Pal supplied Lerex with its AML compliance and onboarding tools, enabling the latter to expand across European markets.
Last year had been a bit tedious for ID-Pal, in July the company raised a whopping €7m in its Series A round, which was led by Inspire Investments. It went on to secure the capital to enhance its global sales and marketing efforts, as well as meet rising market demand.