Wednesday 20th October 2021
Lerex Technology partners with ID-Pal for seamless KYC and Customer Onboarding.
ID-Pal technology enhances onboarding experience for Lerex Technology clients.
Lerex Technology has partnered with ID-Pal for their growing Identity Verification, e-Verification, AML Screening and KYC requirements. Lerex Technology’s partnership with ID-Pal and their strategic partners will support AML compliance and allow new customers to be onboarded seamlessly across many European markets.
Lerex Technology is a payment provider which services include prepaid cards, digital accounts solutions and access to payment rails such as Faster Payments and SEPA. In addition, Lerex also offers front-end technology; enabling business payments and consumer challenger banks to come to market quickly and easily.
ID-Pal’s Identity Verification solution uses AI, machine learning and biometrics to automate verification processes, helping payment providers better detect fraud and improve onboarding conversion rates in a seamless customer journey.
ID-Pal’s unique blend of technologies, superior open and robust architecture, ease-of-use for both Lerex clients and customers along with speed of implementation for KYC across jurisdictions and channels, were the key drivers and foundation of this new partnership.
Richard Ney, Chief Executive Officer at Lerex Technology, “At Lerex Technology, we enable businesses to establish and be the next big challenger by leveraging best-in-class technology. Working in partnership with ID-Pal, our clients benefit from a flexible, seamless and secure onboarding experience to support their customer growth. ID-Pal is a crucial partner to support this growth.”
“We’re pleased to work with Lerex in their mission of providing intuitive digital onboarding for clients and customers,” said Colum Lyons, Chief Executive Officer and Founder of ID-Pal. “Many of their clients face the challenge of balancing seamless onboarding while meeting all compliance obligations. With ID-Pal, Lerex have convenience, security and simplicity at the forefront of their AML offering. Our ability to scale and grow with a fast-growing Fintech such as Lerex while integrating seamlessly with multiple back-end systems, delivers industry-leading outcomes and accuracy for higher conversion rates.”
About Lerex Technology
Lerex Technology was founded as a card company in 2017. In early 2020 the company became a B2B payment solutions provider; supplying full end to end infrastructure and support for corporate clients wishing to go to market with their own prepaid payment solutions and digital accounts.
Lerex is a great example of a dynamic fintech leading the way in the UK market; using innovation and technology to provide valuable technical infrastructure to new entrants to the payments arena.
About ID Pal
ID-Pal is an award-winning ISO27001 certified SaaS solution that enables businesses to verify the identity of customers and meet their AML/KYC compliance requirements remotely. The plug and play platform does not require integration and can be up and running same day. Customisable to the specific needs of any business, the solution eliminates the complexity, cost, timelines and risk associated with regulatory compliance. ID-Pal’s blend of best-of-breed technologies and seamless user experience delivers the highest first-time pass rate, with 93.5% of customers being verified in real-time. For more information on this visit https://www.id-pal.com/.