International trading and investment platform Saxo Bank enhances customer onboarding and fraud prevention with AU10TIX 2nd generation ID authentication and onboarding platform BOS. AU10TIX BOS is the first and currently only fully operational Cloud service, offering 100% end-to-end automation (No manual review, no customer data entry required), forensic-level ID authentication, multi-modal Selfie-to-ID face matching, Proof-Of-Address handling, and data verification and screening.
International trading and investment platform Saxo Bank enhances customer onboarding and fraud prevention with AU10TIX 2nd generation ID authentication and onboarding platform BOS. AU10TIX BOS is the first and currently only fully operational Cloud service, offering 100% end-to-end automation (No manual review, no customer data entry required), forensic-level ID authentication, multi-modal Selfie-to-ID face matching, Proof-Of-Address handling and data verification and screening.
AU10TIX BOS 2nd generation, AI-enhanced automation enables Saxo Bank to create a fast, effective customer onboarding and KYC process with high conversion rates. Saxo Bank also benefits from AU10TIX’s geographic and multi-lingual coverage that enable particularly broad outreach by comparison to conventional solutions. BOS already powers global major players in a broad range of regulated markets including banking, credit cards, payments, money transfer, remittance, trading, HR services and more. AU10TIX is a dominant player in the Cryptocurrency market, powering the entire range of enterprises from start-up and up to global tier 1 players. Unlike conventional, 1st generation solutions, AU10TIX 2nd generation technology is completely automated, enables forensic-level forgery, counterfeiting and collateral risk flags detection, offers up to +300% higher conversion rates on borderline quality ID images, offers rapid-response exception reporting, covers a range of ID languages – all at average processing speed of under 8 seconds. AU10TIX portfolio includes multi-modal, Selfie-to-ID face matching with Liveness detection, Proof-Of-Address document handling and KYC data services.
“Saxo Bank is a dominant online trading and investment player for years and AU10TIX technology is there to help us stay ahead of the game”, says Stig Tørnes, Executive Director of Saxo Bank: “AU10TIX is a standard setter in its field just like we are in ours. But choosing AU10TIX came not just because this is the clear technology leader but also from the kind of support and guidance they know to provide. Our time to market has been cut short thanks close to working with some of the most experienced people in the market. Best practices, efficient formulation of a data-rich output to effective risk decisioning, and a clear gap closing plan are proving extremely valuable. We look forward to working with the AU10TIX team now and in the future”.
“Welcome on board, Saxo Bank!”, says Ron Atzmon, Managing Director of AU10TIX: “I believe that this is one of the clear cases of working with people who are not just professionals but also a pleasure to work with. Online trading and investments take a handsome share of our activity portfolio and Saxo Bank is a welcomed addition to our client family. We are happy to be with the right technology at the right time. Players such as Saxo Bank are setting an example of how proper automation can drive security, confidence, and competitiveness.”
“Saxo Bank is an undisputed standard-setter in its market”, says Ofer Friedman, VP Marketing of AU10TIX: “We see this as a natural partnership since the player of that magnitude needs a solution that is robust and proven. We are glad to have proven yet again better than any other and to have won the confidence of the Saxo Bank team who have tested 2nd generation technology meticulously. A pleasure to work with you guys.”
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 http://www.au10tix.com
About Saxo Bank
Saxo Bank is a global investment bank specializing in online trading and investment across the international financial markets. Saxo Bank enables private investors and institutional clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via multi-award winning online trading platforms, as well as offering professional portfolio and fund management. From the start, Saxo Bank has emphasized technology as a vital element for being competitive in the online trading industry. With clients worldwide, Saxo Bank is recognized for excellence in service and technology.
For more information, visit http://www.saxobank.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.