AU10TIX is an identity verification and risk management company [1] based in Hod HaSharon, Israel. The company's product portfolio enables businesses to securely onboard and verify customers in less than 6-8 seconds. AU10TIX offers a 100% automated global identity management system,[2] as well as the industry's only solution that can detect organized ID fraud mass attacks. AU10TIX is a subsidiary of ICTS International N.V. (OTCQB: ICTSF).
| Company type | Privately held company |
|---|---|
| Industry | ID Verification and Management Services |
| Founded | 2002 (part of ICTS International ) |
| Headquarters | Hod HaSharon, Israel |
Area served | Worldwide |
Key people | Dan Yerushalmi (CEO) Ron Atzmon (Founder) |
| Services | multi-channel ID document authentication, ID fraud detection |
History edit
AU10TIX’s parent company ICTS International was founded in the 1990s to provide airport security and border control services, including border ID authentication. In 2002, the company expanded into digital verification and launched a technology division, which was ultimately spun off into the subsidiary AU10TIX.
Products edit
AU10TIX’s tech stack integrates artificial intelligence and machine learning advancements in computer vision, blockchain, and software-as-a-service technology.[3] Its solutions include:
Identity Verification Suite: This comprehensive suite of ID verification services was launched in the 2010’s. It includes document structure, data integrity, and digital forensic checks to ensure the authenticity of all submitted physical or digital IDs and protects against manipulation or fraud. The platform includes built-in ID, age, and address verification, along with voice and video consent, face comparisons, liveliness testing, and document forgery checks. The suite is anti-money laundering (AML) compliant and meets politically exposed persons (PEP) and sanction screening requirements.[4]
Serial Fraud Monitor: This solution uses advanced neural networks to monitor evolving fraud patterns and behavior in customer traffic while cross-checking ID data against a consortium of more than 60 major companies. It is the industry’s first and only solution that can detect coordinated mass ID fraud attacks.[5]
AU10TIX’s Serial Fraud Monitor is an award-winning and industry-leading solution designed to safeguard businesses against advanced organized fraud, which is undetectable through traditional security case-level solutions. Powered by cutting-edge neural network technology, this real-time defense system provides multi-level protection, mitigating the risks of coordinated attacks and preserving organizations' financial integrity and reputation.[6]
Reusable Digital ID: Designed to simplify ID verification, this collaboration with Microsoft helps enterprises reduce onboarding costs, automate workflows, and enhance security by enabling end users to control data sharing and store information locally in tamper-proof digital wallets.[7]
AU10TIX platform: This centralized orchestration hub unifies the company's backend technology and frontend interfaces to deliver 360-degree identity verification in a single platform.[8]
Investors edit
AU10TIX secured an $80M investment from TPG[9] and Oak HC/FT[10] in 2019 to fuel growth and innovation. The company is otherwise self-funded.
References edit
- ^ "AU10TIX revolutionises ID checks with innovative App launch". Fintech Global. July 14, 2023.
- ^ "AU10TIX Expands Digital ID Verification Solution". Crowdfund Insider. April 2, 2024.
- ^ "Speed onboarding, reduce risk with advanced protection". Green Sheet. April 2, 2024.
- ^ "AU10TIX Unveils Identity Verification Suite to Elevate Customer Experience". Fintech Finance News. June 7, 2023.
- ^ "AU10TIX's Award-Winning Serial Fraud Monitor Prevented Over a Billion USD in Business Fraud in Q1". Fintech Finance News. May 18, 2023.
- ^ "AU10TIX's Award-Winning Serial Fraud Monitor Prevented Over a Billion USD in Business Fraud in Q1". Fintech Finance News. May 18, 2023.
- ^ "AU10TIX Partners With Microsoft on Verifiable Credentials". Corporate Compliance Insights. May 3, 2024.
- ^ "AU10TIX's Digital ID suite identifies potentially fraudulent activities". Helpnetsecurity. March 27, 2024.
- ^ "Au10tix Receives $60M Strategic Minority Investment from TPG Tech Adjacencies". Finsmes. August 14, 2019.
- ^ "AU10TIX has secured $20m from Oak HC/FT". Fintech Global. December 6, 2019.