Monday, May 27, 2024

ID-Pal bolsters Board with the appointment of Tim Murphy as Chair

  • An early investor in ID-Pal and long-standing Board Member, Murphy brings over 30 years of experience as an investor, advisor, and director in financial services firms
  • Murphy’s background is in scaling high-growth companies internationally,
  • including Waystone and BNY Mellon
  • Focus will be on corporate governance, whilst developing ID-Pal’s growth strategy following €7 million Series A funding

Leading global identity verification provider ID-Pal, today announced the appointment of Tim Murphy as the new independent Chairperson of its Board of Directors. An early investor in ID-Pal, Murphy has sat on the Board as a non-executive member since 2017 and his current position is Principal Director at mergers and acquisitions (M&A) advisory firm, Guacamole Partners Limited. 

Murphy has accrued widespread experience investing in and advising start-ups along with serving as an Executive and Independent Director in several financial services firms. A qualified accountant, Murphy oversaw the expansion of BNY Mellon in Ireland before holding several executive roles, with a predominant focus on M&A in the fintech space.

At Waystone (formally DMS Offshore Investment Services Ltd) Murphy was the Chief Operating Officer and Chief Financial Officer during the firm’s successful management buyout, before becoming an independent non-executive Director there. Murphy is also currently the independent chair of Geneva Ireland Financial Trading.

Murphy’s previous roles also include serving as Director on the board of NBCGF, the National Bank of Canada’s Irish subsidiary, for nine years; and being a member of the Social Care Workers Registration Board for the past seven years, including his current tenure as Chairperson.

As Chairperson of ID-Pal’s Board of Directors, Murphy will oversee governance requirements at ID-Pal – a fast-growth company that is pioneering new standards in KYC and AML screening for organisations globally. The appointment comes just six months after ID-Pal’s successful €7 million Series A funding round, led by Inspire Investments.

Murphy brings a wealth of industry expertise to his appointment, as ID-Pal meets global demand across over 30 sectors for its industry-leading identity verification solution.

On being appointed as the new Chairperson of the Board of Directors in ID-Pal, Tim Murphy, said: As an early investor in ID-Pal, I am a firm believer in the market-leading proposition it has to offer and look forward to supporting and advising the team in my new role, as it continues to deliver on its international expansion plans.

“I am excited to be part of the journey ID-Pal is on as it continues to exceed the goals it set out to achieve and look forward to working more closely with the Executive team.”

On the appointment Colum Lyons, CEO and founder of ID-Pal, comments: ID-Pal has always focused on having the best technology and people in place to deliver and scale – and this has been a key factor in our record growth. Since 2017 Tim’s contributions have been invaluable, given his insights and expertise from across the fintech sector and financial services space.

“I am confident that his appointment will drive the expansion of our identity verification solution to more markets worldwide.” 

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