The new machine-learning algorithms patented by AU10TIX are particularly effective in increasing processing speed and accuracy of forgery detection in non-standard (non-MRZ, non-barcode) and borderline quality ID document images.
Nicosia, Cyprus (PRWEB) July 01, 2016
AU10TIX, the forerunner of 2nd generation ID authentication and fast-track onboarding is already serving many global major players in a range of financial services and other verticals. The newly announced patented algorithms increase the capability and performance gap between 1st and 2nd generation “ID authentication” technologies. While 1st generation solutions rely primarily on MRZ or barcodes for document recognition and focus mainly on data based forgery detection, 2nd generation technology can carry out forensic level image manipulation and synthetic forgery checks, and can handle sub-optimal image qualities at far better speed and accuracy, at 100% data-entry-free automation.
“It’s time to clear out the battle haze”, says Ron Atzmon, Managing Director of AU10TIX: “Many service providers are still unaware of 2nd generation ID authentication technology. Many do not know that 1st generation solutions actually involve manual work and that sometimes that “expert examination” is not done necessarily in the same geography. We keep on boosting our patented 2nd generation technology with advanced artificial intelligence algorithms that not only do it faster and more accurately, but also deepen and broaden forgery detection t a level that is humanly impossible.”
“We call upon regulators to address the classification and formal accreditation of forgery detection technologies”, says Ofer Friedman, VP Marketing of AU10TIX: “The same way you know what to expect from 2-star hotel as opposed to a 5-star hotel, you should be able to make an educated decision on a 2nd generation technology as opposed to 1st generation technology. Such differentiation is perhaps more important where fraud prevention and regulatory compliance are concerned, than when your convenience and amenities are…“
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