“The idea that consumers have to repeatedly share their most sensitive information, often through insecure channels, to prove their identity, is archaic.”
Cork company Valid8Me has developed reusable identity software that it claims allows financial institutions and professional services firms to onboard new customers in a cheaper and quicker way than anyone else in the market. Grant Thornton believes in the product, and the accountancy firm has just taken a majority stake in the company for €12.5 million. In this podcast with Ian Kehoe, co-founder and CEO Patrick Horgan explains how the deal came about and outlines his plan to expand in the UK and the US. He also talks about the business of compliance, know-your-customer regulations and the company’s “atypical” journey.
