Global identity verification provider ID-Pal has partnered with Keystone Property Finance, a buy-to-let lender, to bolster the latter’s onboarding for mortgage brokers and borrowers.
Through this agreement, Keystone will utilise ID-Pal’s multi-layered identity verification solution to verify identities and addresses through a secure, branded client-facing app.
Customers will also benefit from a robust compliance and full audit trail.
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.
Speaking on the partnership, 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.
“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.”
ID-Pal, which is based in Ireland, leverages biometrics, documents and database checks to verify the identities and addresses remotely on any device. It claims the accuracy of its real-time decisioning, and automated workflows reduce the full client onboarding process to seconds.
The global identity verification provider is no stranger to partnerships. Last year, the RegTech company teamed up with payment solution provider Lerex Technology.
Through this deal, ID-Pal supplied Lerex with its AML compliance and onboarding tools, enabling the latter to expand across European markets.
Last year was busy for ID-Pal. In July, the global identity verification provider raised €7m in its Series A round, which was led by Inspire Investments.
It secured the capital to enhance its global sales and marketing efforts, as well as meet rising market demand.
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