AU10TIX’S ID verification software represents the fascinating evolution of technology that was originally built for the security industry and has since blossomed into the financial sector.
Nicosia, Cyprus (PRWEB) December 02, 2015
According to Geektime’s correspondent Gabriel Avner: “AU10TIX’S ID verification software represents the fascinating evolution of technology that was originally built for the security industry and has since blossomed into the financial sector… The repercussions for banks and newer forms of digital financial bodies is very exciting.”
The author indicates that: “As the global trend of moving towards digital continues, we have far less human interactions. While this increases the speed of services, it also creates new gaps that shady characters can take advantage of. Regulators are justifiably concerned and enforcement is a necessity of our times. AU10TIX appears to be the real leader in this sector with technology and an approach that far outpaces others in the industry. With forgers learning new tricks to beat the system, we are likely to see an expansion of services like AU10TIX that will keep the cogs greased and business running safely and smoothly.”
For the full article: http://www.geektime.com/2015/11/30/israeli-au10tix-takes-on-synthetic-forgers/
“We are proud to be acknowledged yet another time as the market’s standards setter,” says Ron Atzmon, Managing Director of AU10TIX: “We are now benefitting from the fruits of our strategy to put an emphasis on automating deep authentication and not just content extraction. Thanks to our forward looking R&D team our solution is not just a migration of front-end technology to online but a specialized solution that’s designed to cope best with the totally different conditions of the online marketplace.“
“The smart reader will notice that it isn’t actually about us but about the market,” says Ofer Friedman, VP Marketing of AU10TIX: “As we speak the market undergoes seismic shift. Online is not just for the online indigenous any more. Brick and mortar nascent banks and financial services providers have already shifted gears towards establishing full scope online operations. Tightening regulations are pushing additional players to the domain of regulatory compliant businesses. In the UK alone about 50,000 additional service providers are going to be under KYC regulations as of 2016. This translates to an environment far more competitive than ever before. And in this environment Secure Customer Onboarding automation will have a decisive effect on survival and growth. That is why this technology is so important."
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.
Ofer Friedman, VP Marketing
Tel.: +357 (22) 007698
ICTS International NV
Tel.: +31-20-716 3421