ID-Pal has won Security Innovation of the Year at the 2024 Payments Awards for its ID-Detect document fraud detection feature. ID-Detect is designed to combat increasingly sophisticated fraudulent tactics, and uses AI-powered technology to confirm a genuine physical document is present, not a deepfake reproduction. The win comes after Deloitte predicted that generativeAI could push fraud losses in the US to $40bn by 2027 as the technologies outpace standard identity verification tools.