AU10TIX solution will optimize security and experience for Prime Trust users
Tel Aviv, Israel (Sept. 10, 2020) – Prime Trust, the innovative API-enabled B2B open-banking financial solutions provider, has selected AU10TIX, global ID verification, and authentication platform, to help further its mission to usher in a new paradigm of digital trust and innovation in financial services. The collaboration will focus on strengthening synthetic fraud detection and delivering fast identity verification results.
“We are proud to serve a wide range of fintech innovators that rely on us for a frictionless user experience that does not compromise security when exchanging money,” said Scott Purcell, CEO of Prime Trust. “When faced with the accelerated shift to digital transactions this year along with the continued rise of synthetic fraud, we decided to work with AU10TIX to strengthen our offering of identity verification tools.”
“As a former fintech executive, I deeply value what Prime Trust is doing to ensure immediate, reliable access to money of all kinds in today’s remote world and I am thrilled AU10TIX will play a role in growing their vision,” said Carey O’Connor Kolaja, President and COO of AU10TIX. “AU10TIX is dedicated to furthering a more secure and inclusive world and in this case, that means ensuring a changemaker like Prime Trust is able to show the world the power of trusting nontraditional exchanges like cryptocurrency at scale.”
About Prime Trust
Prime Trust is the technology-driven financial institution that provides the financial infrastructure for fintech innovators. The firm powers mobile financial apps, crypto exchanges, securities exchanges, OTC desks, portals, platforms, brokers, investment advisors, exchanges, real-estate syndicators, and others with smart API solutions to create world-class financial services at scale. Services provided by Prime Trust include institutional and retail account types including custodial, IRA, trust, and escrow, along with funds processing, AML and KYC compliance, asset custody, counterparty settlement systems, transaction technology, and tax reporting. For more information, visit www.primetrust.com.
AU10TIX, an identity management company headquartered in Israel, provides critical, modular solutions to link physical and digital identities so that companies and their customers can confidently connect. Over the last decade, AU10TIX has become the preferred partner for customer onboarding and customer verification automation and we continue to work on the edge of what’s next for the future of identity’s role in society. Our proprietary technology provides results in less than 8 seconds, allowing companies to onboard faster, prevent fraud, meet compliance mandates, and, importantly, establish trust with their customers. We recently announced an $80M investment from TPG and Oak ft/hc to fuel growth and innovation. AU10TIX is a subsidiary of ICTS International N.V. For more information, visit AU10TIX.com.