AU10TIX removes the dependence on ID barcode-reading via App and SDK, which enables lighter Apps and SDKs and enables effective remediation of existing ID image records.
NICOSIA, Cyprus (PRWEB) February 25, 2019
AU10TIX ID authentication and onboarding automation for AML/KYC-regulated markets is the only fully operational 2nd generation platform on the market today. 2nd generation technology differs from standard 1st by offering 100% manual-work-free onboarding and AML/KYC initiation. Key capabilities include forensic-level forgery, counterfeiting and collateral risk forensics; up to +300% higher conversion rates of borderline quality images; data-rich, rapid-response reporting. AU10TIX solution also includes modularly deep-convolution biometric face matching with liveness detection, and KYC verification and screening services.
“Anyone operating in markets where ID documents have barcodes on them understands the importance of this immediately,” says Ron Atzmon, Managing Director of AU10TIX: “Barcode reading off ID documents is basic requirement in markets where this feature is part of ID layouts. It is easy to do at the “front end” where you have an app or SDK that acts as barcode reader. But it is a whole different story when the quality of image capturing is not optimal, and when historical images are already on record and need remediation. This means two things: One, higher barcode reading success rates; Two: Apps and SDKs can be lighter, requiring less system resources on the customer end.”
“Lighter at the front – smarter at the back,” says Ofer Friedman, VP Marketing of AU10TIX: “That’s a powerful proposition for any service that requires AML/KYC via online and mobile channels. We have tested the new algorithms against leading front-end solutions that capture barcodes on the device side, with amazingly similar results. It is the closest we’ve seen to using a barcode reader…. Just without a barcode reader. This achievement can help service providers further reduce manual work and exception management, which translates to higher conversion and operating efficiency."
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