AU10TIX BOS SaaS cloud service has been “pressure-tested” by a global major player with extreme load peaks of up to 66 IDs per second, delivering a record-breaking average (fully automated end-to-end) processing speed of 4.5 seconds per image. Only AU10TIX BOS 2nd generation ID authentication & Onboarding platform can perform, in an average of 4.5 seconds, a complete process of ID image screening, optimization, auto-classification, content extraction and forensic-level forgery, counterfeiting and risk flag detection.
AU10TIX BOS is the forerunner of 2nd generation ID authentication and onboarding and the one powering global major player such as Visa, Paypal, BBVA, Payoneer, Coinbase and others. Being able to manage extreme traffic peaks is a critical requirement for global players. Fast, effective onboarding and KYC can affect conversion success rates and operating efficiency while enabling robust fraud prevention and KYC. At roughly same time it takes conventional system to OCR data and run basic data checks, AU10TIX BOS can complete an end-to-end process of customer onboarding and KYC initiation based on ID images along. No data entry on part of customers and no back-office work (Manual “review”) as part of processing. This level of capabilities already made AU10TIX BOS the service of choice of fast-moving markets such as Cryptocurrencies, banking, lending, money transfer, trading, and others.
“This is a major achievement that and CEO, COO, CRO, CCO can appreciate its implications”, says Ron Atzmon, Managing Director of AU10TIX: ג€You can imagine how much Machine-learning, Deep Learning and smart utilization of computing resources is required to be able to do that. Mind you that conventional solutions require customers indicating what document they’re sending using pull-sown menus or rely on barcode reading to be able to tell which document they’re looking at AU10TIX clients benefit not only from the deepest fraud and risk detection, not just from up to +300% conversion rates, but also fastest processing speed at extreme traffic loads. To our amazing R&D team I say: Well done!.”
“While some players in our markets win awards AU10TIX clients win a technology that simply works better and faster”, says Ofer Friedman, VP Marketing of AU10TIX: “This “pressure testing” has been done not by AU10TIX but by an actual client, a major service provider who challenged the system with real traffic. These are tangible numbers, measured and verified professionally. If you’re looking for robust automation of your customer onboarding and KYC initiation then this is a platform you may definitely want to look at.”
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying, content retrieval, authentication and validation of identifying documents. AU10TIX is a pioneer of all-channel (front-end and online) ID authentication and processing solutions. The company’s products drastically reduce identifying document-based fraud, reducing the costs associated with client processing and enabling effective regulatory compliance, while making the sales and support operations speedier and considerably more efficient.
For more information, visit www.au10tix.com
About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process.
For more information, visit www.icts-int.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations.ֲ Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release.ֲ These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements.ֲ The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.
Ofer Friedman, VP Marketing
Tel.: +357 (22) 007698
ICTS International NV Alon Raich
Tel.: +31-20-716 3421