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.”
