ID-Pal and CLOWD9 are pleased to announce a global strategic partnership aimed at enhancing secure and efficient identity verification in payment processing. Through this collaboration, ID-Pal’s AI-powered technology will be integrated into CLOWD9’s innovative payment solutions portfolio.
CLOWD9, a B-Corp certified issuer processing platform, plays a crucial role in the global payments system, connecting banks, FinTechs, and payment firms by authorising transactions, managing cardholder data, and providing settlement instructions.
ID-Pal, a leading identity verification platform, serves a wide range of payment providers, offering real-time verification and robust data security through its 100% AI-driven technology. It seamlessly integrates into complex payment processes, providing a configurable and award-winning user experience.
ID-Pal’s platform offers a comprehensive suite of tools for secure identity verification and Anti Money Laundering (AML) screening, using a combination of biometric, document, and database checks within a GDPR-compliant framework. This complements CLOWD9’s commitment to partnering with innovative and sustainable companies globally.
CLOWD9 CEO & Co-Founder Suresh Vaghjiani expressed excitement about the partnership’s impact, stating, “This collaboration will enable CLOWD9 clients to access a powerful end-to-end identity and AML solution with advanced AI fraud detection capabilities.”
Mark O’Hara, Enterprise Sales Manager at ID-Pal, added, “We’re thrilled to contribute our award-winning identity verification solution to CLOWD9’s technology portfolio. Together, we can empower financial institutions to thrive in the evolving world of digital payments and security.”
This partnership represents a significant advancement in the payment industry, setting new standards for security and efficiency while supporting financial institutions in navigating the rapidly changing digital finance landscape.
