Turnkey, a leading provider of insolvency software solutions, has announced a new partnership with OneID®, the UK’s leading bank-verified digital identity service provider, to deliver frictionless, document-free identity verification (IDV) for directors undergoing company insolvency.
Through this integration, Turnkey’s IPS Cloud platform now enables insolvency practitioners to complete Know Your Customer (KYC), PEPs & Sanctions, and watchlist AML checks on directors, shareholders or general contacts of Organisations going through insolvency without the need to scan passports, driving licences, or other identity documents. Instead, users verify their identity securely through their own bank, completing the process in under 30 seconds.
The partnership is designed to remove one of the biggest barriers to adoption in insolvency compliance—the cumbersome and error-prone step of uploading or scanning physical ID documents. By streamlining this process, Turnkey and OneID® expect to drive higher adoption rates while delivering a safer, more secure, and fully compliant verification process.
“We are delighted to partner with OneID to bring fast, secure, and fully integrated KYC verification to IPS Cloud. With OneID’s unique bank-verified solution, our clients’ end users can complete KYC in under 30 seconds, while every check is efficiently tracked, verified, and stored within the IPS Cloud application for KYC, fraud, and sanction compliance. This partnership reinforces our commitment to helping clients achieve streamlined compliance without ever compromising on security or user experience.”
— Michelle Mills, Head of Product Strategy & Operations at Turnkey
The integration represents a step forward in how insolvency practitioners and their clients manage compliance, helping to strengthen fraud prevention, reduce risk exposure, and ensure alignment with AML obligations.
“Partnering with Turnkey allows us to bring the benefits of secure, bank-verified digital identity to the insolvency sector. By removing the need for document scanning, we’re not only improving adoption rates but also enhancing both security and user trust in the KYC process. Together, we are setting a new standard for compliance in insolvency.”
Karl McGregor, CEO of OneID®
About Turnkey
Turnkey are the developers of IPS Cloud, IPS SQL, and the Creditor Portal, and have been market leaders for over 40 years, providing insolvency software to the restructuring sector.
Trusted by a wide client base, Turnkey delivers standardised and bespoke solutions around the globe to firms of all sizes, from sole practitioners through to global accounting firms.
Collectively, the team boasts decades of experience in the insolvency industry and are actively involved with government bodies and industry regulators to ensure their products remain compliant with the latest regulations.
Find out more: https://turnkey-ips.com
About OneID®
OneID® is the only provider of truly digital, real-time identity services that create absolute certainty between a business and a customer in the fastest, cheapest, and safest way. Our digital ID services use the most advanced counter-fraud measures to help protect banks, businesses, and consumers from online identity fraud. We help businesses reduce operational costs, increase sales, and improve customer engagement by streamlining existing ID processes, including payments, direct debits, onboarding, and more.
As the only UK Identity Service with access to bank-verified data, approximately 50 million UK adults are already set up to use OneID® for real-time verification. OneID is certified under the UK Government's Digital Identity and Attributes Trust Framework (DIATF), regulated by the FCA, and a BCorp business.
Headquartered in the UK, we have brought together the best people in Digital Identity, Payments, Banking, Technology and Government to ensure we make the world a safer place.
OneID® enables individuals to verify their identity in the fastest, safest way using bank-verified data. It requires no registration process, does not store any personal data, and removes the need for scanning passports or taking selfies to authenticate your identity online.
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