GRENKE Invoice Finance (UK) Selects Leading Identity Verification Provider ID-Pal to Deliver Seamless, Secure Digital Onboarding

  • Digital Identity
  • 23.05.2023 11:00 am

Global identity verification provider ID-Pal has been selected by GRENKE Invoice Finance (UK)  to deliver simple, secure and convenient identity verification for their customers. 

GRENKE is the leading name in financial services that include leasing, factoring and asset management. GRENKE Invoice Finance (UK) is trusted by a wide range of small to medium-sized enterprises and offers bespoke invoice financing solutions relating to invoices and cash flow management.  

GRENKE Invoice Finance (UK) understands how cash flow is critical for customers to scale, invest and react to changing market conditions in uncertain times. The organisation caters to the varying needs of business owners by facilitating access to liquidity and reducing any fluctuations in cash flows that they may be experienced due to payment defaults.   

By partnering with ID-Pal, GRENKE Invoice Finance (UK) can seamlessly verify customer’s identities in real-time and onboard them remotely or in person. The financial services leader operates in over 50 countries and as part of their Anti-Money Laundering (AML) and Customer Due Diligence (CDD) processes, their business units must conduct identity verification checks.    

ID-Pal offers global identity verification coverage of more than 7 000 identity documents and 200 verified address data sources. The solution leverages automated decisioning and smart workflows to deliver industry-leading accuracy in identity verification outcomes, all with data protection compliance built in so any business can quickly and securely verify an identity.  

This partnership is another step in the program of digital transformation being rolled out across GRENKE business units to make the onboarding experience friction-free and provide a robust audit trail.   

"What made the difference is how easy it was to deploy ID-Pal,” Armand Armand Roux, Sales Director in GRENKE Invoice Finance (UK) comments. “Given the range of financial products we offer and our many customers worldwide, we needed something that can seamlessly integrate with existing systems, transform our onboarding experience & easily evidence how GRENKE has a robust process in place to ensure we meet both regional & global AML regulatory requirements "   

On the partnership Paul Agnew, Enterprise Sales Executive in ID-Pal says:  

“It was important for GRENKE Invoice Finance (UK) to have a solution that would be easy to integrate. ID-Pal is available off-the-shelf or can be integrated via API or SDK, while being fully customisable, fast to deploy and cost-effective. We are delighted to be working with Armand and the team, as their strength lies in always finding the best solutions to meet their customers’ unique business needs.    

On the partnership Colum Lyons, CEO and Founder of ID-Pal says: 

"Key to GRENKE Invoice Finance (UK) ’s success is the flexibility they offer to small and medium-sized businesses. We’re very excited to be working with them to deploy a seamless, real-time identity verification process that enables faster decisions and a robust audit trail.”  

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