Identity-Pal, an AI-driven provider of identity verification, automated address validation, and AML screening solutions, has entered into a strategic partnership with MBS.

Following the announcement of this collaboration, clients using MBS’s Excapsula process automation tools will now be able to integrate Identity-Pal services. This integration aims to streamline Anti-Money Laundering (AML), Know Your Customer/Know Your Business (KYC/KYB) compliance processes. It enables fully orchestrated refresh cycles initiated in core systems and verified by Identity-Pal, with verified records automatically written back and supporting documents attached.

Additionally, through flexible deployment options such as an off-the-shelf solution, API integration, or a dedicated Salesforce integration, enterprises will be able to leverage Identity-Pal’s services. This is expected to accelerate the digital transformation of identity and address verification workflows while ensuring future-proof compliance processes.

Optimizing Compliance for Trust and Corporate Service Providers (TCSPs)

This partnership signifies a joint commitment by both organizations to enhance the Trust and Corporate Service Provider sector through smarter, more effective technology. By merging their solutions and expertise, they aim to offer companies a scalable and efficient way to manage compliance as regulatory demands increase.

The collaboration is designed to provide significant and immediate value to mutual clients in the Trust, Fund, and Corporate Services space. It intends to facilitate the automated transfer of verified customer KYC/AML data to Customer Relationship Management (CRM) systems or other platforms like Quantios. This data can also serve as a source of truth for other business processes.

Both companies are focused on bringing efficiencies to clients by automating key business processes and reducing the time staff spend re-entering data, all while prioritizing customer needs and ensuring industry compliance requirements are met.