AU10TIX attributes this record performance to ownership of the only 2nd generation ID authentication and record generation technology on the market today.
Nicosia, Cyprus (PRWEB) February 29, 2016
AU10TIX benefits of course from the booming online and mobile services markets, especially KYC regulated services such as banking, payments, money transfer, lending, remittance, forex, etc. Another contributing factor is tightening KYC regulations on one hand and removal of barriers to cross-market financial services and commerce on the other. AU10TIX has been reaping the fruit of putting emphasis on fast-response, deep authentication technology developed to meet the specific conditions of Customer Not Present (CNP) marketplace.
“We are lucky to be the only one with 2nd generation ID authentication and onboarding technology”, says Ron Atzmon, Managing Director of AU10TIX: “But rest assure that major players have chosen AU10TIX BOS technology not because of superlatives but because they have tested it against 1st generation solutions and simply saw the difference. If you’re a medium or larger size financial services provider then you’ll find out pretty quickly having such a technology in place is critical to survival and growth in these competitive markets. Our best advice is: Test it. Test it against your existing practice. Even if you’re using some king of automation.“
“This is the time to call upon regulators, again, to start accrediting ID authentication and onboarding technologies”, says Ofer Friedman, VP Marketing of AU10TIX: “Despite sales pitch claims, not all solutions are the same. 1st generation technology cannot do what 2nd generation technology does. Without due accreditation decision makers might be misled to invest resources and take risks they are unaware of. AU10TIX offers full support in independent accreditation and in education of decision makers on this important issue.“
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