AU10TIX | Jotup

AU10TIX Boosts FXCM ID Document Approval Rates by 29%, Enabling Revenue Growth

Retrieved on:

Wednesday, April 3, 2024

FXCM, Account verification, Partnership, ID, FX, KYC, AU10TIX, Algorithm, IDV, TEL, CFD, Cryptocurrency

TEL AVIV, Israel and LONDON, April 3, 2024 /PRNewswire/ -- AU10TIX, a global technology leader in identity verification and management, and Stratos Group of companies (collectively, the 'Stratos Group' or 'FXCM'), a leading provider of online foreign exchange (FX) trading, stocks and other CFD trading and related services, today announced a successful partnership that has bolstered user security and optimized the onboarding process on the FXCM platform, increasing ID document approval rates by 29% and impacting revenue growth.

Key Points:

FXCM solved this business challenge by integrating AU10TIX's Identity Verification (IDV) Suite , Web SDK and biometric solutions into the FXCM platform.
AU10TIX's advanced algorithms and extensive security databases streamlined FXCM's validation processes, resulting in a significant improvement in document approval rates from 62% to 80%.
The swifter onboarding resulted in lower abandonment rates and thus expanded the opportunity for revenue growth.
"At FXCM, ensuring a seamless and secure onboarding experience for our customers is a top priority," said Teodora Mladenova, eKYC Product manager at FXCM.

AU10TIX Introduces One-Stop Identity Verification Hub to Enable the Transition to Digital Identity

Retrieved on:

Wednesday, March 27, 2024

AU10TIX, Face, Eid, Digital ID, Digital, Risk, Verification, PII, TEL, IDS, Cryptocurrency

AU10TIX's fully automated Digital ID solution serves as a verification hub for business owners, enabling faster and more accurate identity verification.

Key Points:

AU10TIX's fully automated Digital ID solution serves as a verification hub for business owners, enabling faster and more accurate identity verification.
"Our Digital ID solution empowers businesses to embrace the global shift to digital identity with confidence," said Dan Yerushalmi, CEO of AU10TIX.
Key features of AU10TIX's Digital ID suite include:
Global Coverage: Ability to validate digital signatures, ensuring accessibility and reliability worldwide.
Digital ID Verification Hub: Enables the user to manage all verification processes in one platform, creating customizable workflows and rules for streamlined operations.

Identity Verification Market worth $21.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Tuesday, March 12, 2024

Identity verification involves various processes, such as document verification, biometric authentication, and identity proofing.

Key Points:

Identity verification involves various processes, such as document verification, biometric authentication, and identity proofing.
To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Identity Verification Market.
To analyze opportunities in the market for stakeholders by identifying high-growth segments of the Identity Verification Market.
To profile the key players of the Identity Verification Market and comprehensively analyze their market size and core competencies.

Identity Verification Market worth $21.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Tuesday, March 12, 2024

Identity verification involves various processes, such as document verification, biometric authentication, and identity proofing.

Key Points:

Identity verification involves various processes, such as document verification, biometric authentication, and identity proofing.
To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Identity Verification Market.
To analyze opportunities in the market for stakeholders by identifying high-growth segments of the Identity Verification Market.
To profile the key players of the Identity Verification Market and comprehensively analyze their market size and core competencies.

AU10TIX Releases Q4 Global Identity Fraud Report Revealing Eight-Month "Mega-Attack"

Retrieved on:

Tuesday, March 12, 2024

Crypto, Burn, Organization, AU10TIX, Attack, KYB, AML, KYC, Social media, ID, TEL, Cryptocurrency

TEL AVIV, Israel, March 12, 2024 /PRNewswire/ -- AU10TIX, a global technology leader in identity verification and management, today released its Q4 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from October to December 2023, the report uncovers significant trends in large-scale organized identity fraud. This special edition of AU10TIX's recurring report goes beyond Q4 to reveal for the first time an eight-month-long coordinated identity fraud "mega-attack." Between May and December 2023, organized criminals executed 22,080 fraudulent onboarding attempts using AI-generated variations of a single passport.

Key Points:

Research Identifies Two Never Before Seen Attack Patterns With Worst Case Involving 22,000+ AI-Generated Variations of a Single U.S. Passport
TEL AVIV, Israel, March 12, 2024 /PRNewswire/ -- AU10TIX , a global technology leader in identity verification and management, today released its Q4 Global Identity Fraud Report .
Drawing insights from millions of transactions processed across 249 countries from October to December 2023, the report uncovers significant trends in large-scale organized identity fraud.
This special edition of AU10TIX's recurring report goes beyond Q4 to reveal for the first time an eight-month-long coordinated identity fraud "mega-attack."
AU10TIX researchers have subsequently identified two never before seen distinct patterns of "mega" identity fraud attacks, which they have categorized as 'sudden burst' and 'slow burn.'

AU10TIX KYB Rapidly Validates Businesses and Owners In One Unified Flow

Retrieved on:

Tuesday, February 27, 2024

Collection, AML, API, KYC, Risk management, TEL, Address, EST, Fraud, ID, Risk, PEP, Frost, Identity theft, Risk assessment, Crime, POB, AU10TIX, KYB, Workflow, Cryptocurrency

TEL AVIV, Israel, Feb. 27, 2024 /PRNewswire/ -- AU10TIX, a global technology leader in identity verification and management, today launched an innovative Know Your Business (KYB) solution that enables companies to know exactly who they are doing business with and avoid potential financial and reputational losses. By combining KYB with Know Your Customer (KYC) processes, the offering addresses every KYB business need, from sole traders to corporates, including KYC for UBOs and associated entities.

Key Points:

By combining KYB with Know Your Customer (KYC) processes, the offering addresses every KYB business need, from sole traders to corporates, including KYC for UBOs and associated entities.
Increasingly rigorous regulatory demands are forcing businesses across all sectors to collect and analyze more data about the identities of their partners and vendors.
Companies must also ensure that they are not working with unscrupulous businesses involved in identity theft, fraud, money laundering, terrorist financing or other crimes.
AU10TIX's unified KYB and KYC solution provides a comprehensive check against 200+ jurisdictions and over 1000 government registries in one automated workflow.

AU10TIX Strengthens Leadership Team with Seven Key Appointments Over Past Year, Accelerating Growth Strategy

Retrieved on:

Wednesday, February 7, 2024

Growth, HP, Cellebrite, CFO, Lamdan, Senior, CMO, History, International, Check Point, TEL, CA Technologies, Tech Mahindra, Tax, Metasploit, Marketing, Bank Leumi, Microsoft, FP, OTT, IronSource, HR, AU10TIX, Alcatel-Lucent, EY, Management

These appointments are a strategic response to AU10TIX's significant growth and continuing global expansion.

Key Points:

These appointments are a strategic response to AU10TIX's significant growth and continuing global expansion.
She is responsible for business development, sales, customer retention, loyalty, and customer experience across all facets of the company's operations.
"We are thrilled to have these seven talented leaders on the AU10TIX team as we prepare for another year of extraordinary growth," said Dan Yerushalmi, CEO of AU10TIX.
"This strategic expansion underscores AU10TIX's commitment to innovation, excellence, and continued leadership in the digital identity verification landscape."

AU10TIX Q3 Global Identity Fraud Report Uncovers 56% Surge in Payment Sector, Correlated with Unprecedented Decline in Crypto

Retrieved on:

Wednesday, December 13, 2023

Crypto, IDV, Organization, Prevalence, Fraud, AU10TIX, Statistics, Digital, KYC, European Economic Area, TEL, AI, Legislation, Gartner, Cryptocurrency, Pharmaceutical industry, Q3

TEL AVIV, Israel, Dec. 13, 2023 /PRNewswire/ -- AU10TIX, a global technology leader in identity verification and management, today released its Q3 2023 Global Identity Fraud Report. Drawing insights from millions of transactions processed across 249 countries from July to September 2023, the report uncovers significant trends in the world of organized identity fraud. Most notably, AU10TIX detected that professional fraud rings have shifted their focus from crypto to the payments sector. Digital payments saw an alarming 56% increase in fraud while the crypto industry, traditionally a sandbox for fraudsters, experienced an unusual 51% drop.

Key Points:

Drawing insights from millions of transactions processed across 249 countries from July to September 2023, the report uncovers significant trends in the world of organized identity fraud.
Most notably, AU10TIX detected that professional fraud rings have shifted their focus from crypto to the payments sector.
Digital payments saw an alarming 56% increase in fraud while the crypto industry, traditionally a sandbox for fraudsters, experienced an unusual 51% drop.
Our commitment at AU10TIX is unwavering—to contribute to the global reduction of identity fraud and make the world a better place."

AU10TIX to Accelerate Onboarding for 3.0 Verse Multi-Market Crypto Trade Routing Platform

Retrieved on:

Wednesday, November 29, 2023

Verse, ID, AU10TIX, Friction, TEL, IDV, Decentralized finance, News, Blockchain, KYC, Ecosystem, Cryptocurrency, Security printing

TEL AVIV, Israel, Nov. 29, 2023 /PRNewswire/ -- AU10TIX, a global technology leader in identity verification and management, today announced that its fully automated identity verification (IDV) solution has been chosen to accelerate the customer onboarding process for multi-exchange crypto trading ecosystem 3.0 Verse. The marketplace's original identity verification process could take as long as 15 minutes, causing users to abandon the site during sign-up and costing significant revenue. AU10TIX's frictionless, automated solution will reduce the procedure to 8 seconds or less while ensuring higher accuracy.

Key Points:

AU10TIX's frictionless, automated solution will reduce the procedure to 8 seconds or less while ensuring higher accuracy.
3.0 Verse is a comprehensive platform for crypto trading that aggregates multiple CeFi and DeFi exchanges, providing real-time prices, market analysis, news, information, and a robust data interface for blockchain and cryptocurrencies.
Its integration into the 3.0 Verse website and mobile application will streamline and significantly enhance the Know Your Customer (KYC) onboarding process.
"AU10TIX and 3.0 Verse share an innovation-driven culture, and this synergy makes us perfect partners for shaping the future of cryptocurrency," said Dan Yerushalmi, CEO of AU10TIX.

AU10TIX Recognized as a Representative Vendor in the Gartner® Market Guide for Identity Verification

Retrieved on:

Tuesday, November 7, 2023

TEL AVIV, Israel, Nov. 7, 2023 /PRNewswire/ -- AU10TIX, a global technology leader in identity verification and management, today announced that it has been acknowledged as a Representative Vendor in the latest Gartner Market Guide for Identity Verification.

Key Points:

AU10TIX was recognized among other identity verification vendors that, according to the Market Guide, represent the core, extension, and transformation of the market.
Gartner states in the Market Guide: "Identity verification helps deliver security, compliance and trust across use cases.
The Market Guide also emphasizes the broad scope of identity verification use cases in today's digital interactions.
Gartner, Market Guide for Identity Verification, Akif Khan, Robertson Pimentel, Sean ONeill, Swati Rakheja, 7 Septembere 2023.