Israel-based identity verification provider AU10TIX has released an app meant to automate and accelerate ID and age verification
Israel-based identity verification provider AU10TIX has released an app meant to automate and accelerate ID and age verification. The new identity verification app can reportedly accurately verify customers’ IDs within a time frame of 4 to 8 seconds, thus enhancing customer experience and driving revenue.
The offering is specifically designed to be used for in-person and point-of-sale ID and age verification by customer-facing businesses. One advantage of the new product is that it can aid organisations in removing human error and fraud as well as compliance risks when it comes to the ID verification process. The context of the launch According to the official statement, the new product was created to address a pain point for industries where access control plays an important role and manual ID examination lacks the necessary capability to adequately identify sophisticated counterfeit identification documents.
This situation presents difficulties and even potential legal risks for businesses. This is the case as even experienced experts often face difficulties in distinguishing authentic-looking fake IDs without investing substantial time and resources. The AU10TIX app can enable businesses to verify the age and IDs of customers from all around the world.
On top of this, the app reportedly features biometric checks as well as machine learning (ML) and artificial intelligence (AI) technology that it leverages to eliminate the risk of identity fraud. As outlined in the press release, each business using the app can establish its unique procedure based on its specific requirements and preferences. The app requires no set-up, as it is a plug-and-play application, and it can be customised to address specific demands.
Purportedly, the app’s fraud detection capabilities ensure compliance with KYC regulations. The AU10TIX app was specifically tailored to be used by customer-facing businesses from various industries, including casinos, sporting events, hospitality, healthcare, education, travel, and delivery. AU10TIX’s strategy and past developments AU10TIX provides identity verification and management technology products.
More specifically, the company extends modular solutions for verifying and connecting the physical and digital identities of customers to businesses. Strategy-wise, for the last ten years, AU10TIX has developed a wide network of clients that leverage its solutions in a bid to comply with regulations and promote trust and safety. Earlier in 2023, AU10TIX secured a series of strategic partnerships with Microsoft and NeoGames, among others.
On top of that, the identity verification provider announced that the portfolio restructure of the company was finalised as it introduced four suites to its lineup: Identity Verification Suite, Serial Fraud Monitor, Reusable Digital ID, and the AU10TIX platform. .
Jul 14, 2023 13:18
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