CIO Bulletin's "Best 30 Companies of the year" identifies companies which are successful in achieving strategic goals through innovation.
NICOSIA, Cyprus (PRWEB) July 03, 2018
AU10TIX has earned CIO Bulletin's recognition (See: http://www.ciobulletin.com/magazine/best-30-companies-of-the-year-2018 ) thanks to its 2nd generation customer ID authentication and onboarding automation platform. AU10TIX's BOS platform is the first and only operational ID authentication and onboarding platform which already powers some of the world's major players across a range of KYC-regulated financial services. Unlike 1st generation platforms that are primarily OCR/data centric, AU10TIX 2nd generation technology enables 100% automated end-to-end customer ID authentication, 2D-3D biometric face matching, Proof-Of-Address processing and AML screening at up to +300% higher conversion rates. AU10TIX technology stands out in its forensic-level forgery, counterfeiting and collateral risk flags detection and superior ability to handle borderline quality images – all in a typical 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. Detailed profile: http://www.ciobulletin.com/magazine/2nd-generation-id-authentication-onboarding-automation-re-defines-competitiveness-profitability-in-financial-services-au10tix
CIO Bulletin's, Editor-in-Chief, J.P. Pande has earliest said: "Best 30 Companies of the year 2018 program identifies companies which are successful in achieving strategic goals through innovation. Winning a spot on this list indicates the company has distinguished itself from peers by proving itself more valuable and reliable in terms of service quality, vast customer base, innovation, and market position. (https://www.benzinga.com/pressreleases/18/06/p11908222/cio-bulletin-names-wharfedale-technologies-among-the-best-30-companies )"
“Being on the 'Best Companies" list is yet another cherry on the case”, says Ron Atzmon, Managing Director of AU10TIX: “AU10TIX has earned this recognition for good reasons. We are the undisputed technology leader in customer onboarding automating in KYC-regulated markets. Our 2nd generation technology simply set the standards that everyone is striving to. This is the age of 100% automated customer ID authentication and KYC initiation. The age where AI-enhanced technology puts a real challenge to today's sophisticated fraud by taking forgery and counterfeiting detection beyond data extraction and screening. 2nd generation technology can detect the fraud your back office, let alone standard solutions, cannot see. Furthermore, fraud prevention and KYC automation is actually becoming a competitive tool that enhances operating efficiency and downright profitability.”
“Being a 'Best Company of The Year' is very much about being and innovator. A revolutionary innovator”, says Ofer Friedman, VP Marketing of AU10TIX: "AU10TIX is the only company in this field who's roots are in technology solutions for airport security and border control as opposed to check reading and credit card OCR. In other words, we've been putting the best minds in the business at the forefront of fraud fighting probably longer and deeper than anyone else. We've been handling ID documents of every conceivable quality longer and deeper. This earned us unmatched experience in real life fraud detection as well as superior handling of the type of diverse traffic that financial services are experiencing worldwide.”
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