ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio.
CLOWD9, a B-Corp certified issuer processing platform, sits at the centre of the global payments system, acting as the interface between banks, FinTechs and payment firms to authorise transactions and initiate payments, maintain the system of record for cardholder data, and provide settlement instructions.
Leading identity verification platform ID-Pal also operates at the core of the industry’s ecosystem by serving a diverse range of payments providers with ease, offering robust data security standards, real-time verification and 100% AI-powered technology.
Providers with the most complex processes can integrate ID-Pal seamlessly to take advantage of their award-winning, highly configurable user journey.
ID-Pal’s platform comprises a comprehensive set of tools for frictionless, secure identity verification and Anti Money Laundering (AML) screening. Its unique blend of biometric, document, and database checks, is delivered within a GDPR-compliant framework. This aligns perfectly with CLOWD9’s commitment to working with innovative and sustainable companies worldwide.
CLOWD9 CEO & Co-Founder Suresh Vaghjiani is enthusiastic about the partnership’s impact. He says, “This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an AML screening solution with advanced AI-fraud detection capabilities.”
The partnership marks a significant step forward in CLOWD9’s mission to revolutionise the payment industry, confirming its role as a driving force for innovation and excellence. By combining advanced payment processing with AI-fuelled identity verification, the partnership is setting new standards for security and efficiency across the industry.
Mark O’Hara, Enterprise Sales Manager at ID-Pal, commented:“We’re delighted to be adding our award-winning identity verification solution to the CLOWD9 technology portfolio. Together we can help financial institutions adapt and thrive in the new world of digital payments and enhanced security by democratising secure, robust fraud prevention tools.”
This strategic alliance between ID-Pal and CLOWD9 is a bold step towards building a comprehensive ecosystem that empowers banks and financial institutions to thrive in the rapidly evolving digital finance arena.
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