AU10TIX has been announced finalist for the Benzinga Global Fintech award “Best RegTech Platform” category. AU10TIX has already been nominated to 3 awards in the first 3 months of 2017 for its standard setting 2nd generation Secure Customer Onboarding platform which automates KYC and onboarding initiation.
The Benzinga Global Fintech Awards seek out and celebrate the most innovative companies that are changing the way ordinary people and professionals interact with finance. AU10TIX has been nominated for the Regtech category thanks to its standard-setting BOS platform. AU10TIX BOS enables 100% automated KYC initiation with a simple submission of an ID photo augmented by biometric Selfie-to-ID face comparison. AU10TIX technology in fact exceeds current regulatory requirements by offering forensic level forgery, counterfeiting and risk factor detection made possible by latest machine-learning and deep learning technology. AU10TIX BOS technology also introduced multi-lingual ID support which opens more markets to new regulated financial services. AU10TIX technology makes ID authentication and onboarding not just far safer but also seconds-fast and data-entry-free.
“Customer ID authentication and content retrieval is the gateway to onboarding and KYC”, says Ron Atzmon, Managing Director of AU10TIX: “What new here is the levels of performance, ability to work with a broad range of ID image qualities, ability to handle non-standard documents, multi-lingual support and rapid-response exception reporting. Now, as ID authentication and biometric face matching become standard, AU10TIX is pushing the boundaries with innovative machine-learning and deep-learning algorithms. What was deemed impossible only a short while ago is now becoming reality. Obviously, recognition by Benzinga is a reward in itself.”
“This is not an academic exercise we’re in. It is a battle of brains between sophisticated fraudsters and authentication experts”, says Ofer Friedman, VP Marketing of AU10TIX: “You don’t win this game by developing OCR content extraction and logical checks. We learn the ways fraudsters work to beat them at their own game. Much of what we can detect cannot be seen with a naked eye. This mindset has helped us stay ahead of the game and if fact introduce a whole new generation of technology. This technology is now recognized by Benzinga”
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
Tel.: +31-20-716 3421