The deal aims to streamline and secure the client onboarding process
Irish-based fintech start-up ID-Pal has announced a partnership with specialist buy-to-let lender Keystone Property Finance to enhance the digital onboarding process for both mortgage brokers and borrowers.
The partnership will enable Keystone to utilise ID-Pal’s multi-layered identity verification solution to verify identities and addresses via a secure, branded client-facing app.
ID-Pal’s real-time decisioning and automated workflows are expected to reduce the full client onboarding process to just seconds, and Keystone customers also benefit from robust compliance and a full audit trail.
Specialist buy-to-let lender @KeystonePF has partnered with us to enhance their digital onboarding process for both #mortgagebrokers and borrowers and to seamlessly verify identities and addresses.
— ID-Pal (@TweetIDPal) January 30, 2023
Read more ➡️ https://t.co/eTg65TQJkm
#mortgagenews #compliance pic.twitter.com/NjE8L82xDX
“We are always looking for new ways to streamline our customer journey, and we are confident our new partnership with ID-Pal will cut a significant amount of time off our application processing times,” Elise Coole, managing director at Keystone Property Finance, said.
“We’ve always put technology right at the heart of our business, having created our bespoke system from scratch when we launched in 2018. Our new relationship builds on that and ensures we have a cutting-edge offering that rivals anything in the specialist buy-to-let market.”
Colum Lyons (pictured), chief executive and founder of ID-Pal, added that using their identity verification platform ensures brokers and borrowers that the process is secure due to their ISO 27001 certification.
“Our partnership with Keystone Property Finance is a natural fit, sharing, as we do, a common vision when it comes to harnessing the power of technology to improve how our customers do business,” Lyons said in a post announcing the partnership. “We are pleased to be supporting such a crucial part of the housing market through this challenging time, and beyond.”
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