Peer-to-Peer Lending Service, Zopa, Partners with AU10TIX for improved ID Authentication

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Zopa will use the AU10TIX to protect its lenders against fraud by verifying borrowers by checking official identifications including passports, driving licenses and official national ID cards. By using the BOS SaaS service, Zopa will streamline customer clearing and onboarding while stepping up fraud protection and KYC compliance.

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Paul Martin, Zopa: Using the same system as international passport control means that AU10TIX BOS stands out in terms of performance, speed, security, depth of authentication with the ability to handle large volumes of the applications traffic.

AU10TIX online BOS platform is rapidly becoming the solution of choice for the financial services market and with online service providers in particular. Thanks to innovative machine-learning and enhanced technology, this new generation ID authentication and record generation platform offers service providers a compelling 2-in-1 value proposition: This includes multi-layer fraud detection together with 100% automation within seconds, providing a fast and integrated process that outperforms all existing traditional solutions in reaction speed and ability to handle sub-optimal images.

True to its commitment to providing a simple and hassle-free service, Zopa chose AU10TIX BOS based on its unique capabilities that include true 100% automation, 3-way authentication, seconds-fast response time and easy deployment. Fast, hassle-free onboarding is proving critical to the success of online services like peer-to-peer lending platform Zopa, since these affect conversion success rates and effective volume handling capacity. At the same time, multi-layer authentication is the only standard that can meet increasing KYC regulations to help fight fraud more effectively.

“We are glad to have a world standard technology such as the AU10TIX BOS platform serving our customers,” says Paul Martin, Credit Risk Director at Zopa. “Our success has been built to a large extent on our commitment to make lending simple and quick, but yet responsible and secure. Using the same system as international passport control means that AU10TIX BOS stands out in terms of performance, speed, security, depth of authentication with the ability to handle large volumes of the applications traffic.”

“The vote of confidence by Zopa means a lot to us,” says Ron Atzmon, Managing Director of AU10TIX. “In many ways, AU10TIX and Zopa share similar understanding of the online customer, similar values and a similar commitment to stay ahead of the game using best of breed technology.”

“Something is happening in the market,” says Ofer Friedman, VP Marketing of AU10TIX. “The demand for robust customer authentication and onboarding technology is booming. But with it also the understanding that you cannot use traditional solutions in the online environment effectively. AU10TIX was early to identify the changing rules of the game introduce the technology that handles online ID authentication and processing more effectively, more quickly and more easy to implement. You don’t have to take my word for it. Simply ask our clients."

About Zopa
Zopa is the UK’s largest peer-to-peer lending company - bypassing banks and their high charges to put more back into the pockets of the UK’s lenders and borrowers. Zopa matches smart borrowers looking for lower-rate loans with lenders looking for higher interest. Since Zopa was founded in 2005, it has arranged more than £670 million in peer-to-peer loans and has been voted ‘Most Trusted Personal Loan Provider’ in the Moneywise Customer Service Awards for the past five years and Consumer Moneyfacts best overall customer service in 2014. Zopa has over 57,000 active savers lending between £10 and £1.7 million. For more information, visit http://www.zopa.com

About AU10TIX
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 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 http://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.

Contact:

Zopa
PR Manager
Email: mat(dot)gazeley(at)zopa(dot)com
Tel.: +44 - 2075806060

AU10TIX
Ofer Friedman, VP Marketing
Email: ofer(dot)friedman(at)au10tix(dot)com
Tel.: +357 (22) 007698

ICTS International NV
Alon Raich
Email: mail(at)ictsinternational(dot)com
Tel.: +31-20-716 3421

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Ofer Friedman
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