AU10TIX
 | This article contains promotional content. (June 2024) |
| 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 |
Number of employees | 200 |
AU10TIX is an identity verification and risk management company [1] based in Hod HaSharon, Israel. The company's products enable businesses to securely onboard and verify customers. AU10TIX has an automated global identity management system,[2] as well as a solution to detect organized ID fraud mass attacks. AU10TIX is a subsidiary of ICTS International N.V. (OTCQB: ICTSF).
History
[edit]AU10TIX’s parent company ICTS International was founded in 1982 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 products include:
Identity Verification Suite: A suite of ID verification services launched in the 2010’s. It includes document structure, data integrity, and digital forensic 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. It is the industry’s first solution that can detect coordinated mass ID fraud attacks.[5]
AU10TIX’s Serial Fraud Monitor is designed to safeguard businesses against advanced organized fraud, which is undetectable through traditional security case-level solutions.[6]
Reusable Digital ID: Designed to simplify ID verification, this is a collaboration with Microsoft.[7]
AU10TIX platform: This hub unifies the company's backend technology and frontend interfaces.[8]
Funding
[edit]In 2019, AU10TIX sold a portion of the business to TPG[9] and Oak HC/FT[10] for $80M to fuel growth and innovation. The company is otherwise self-funded.
Leaked Administrative Credentials
[edit]In June 2024, 404 Media reported that AU10TIX "exposed a set of administrative credentials online more than a year ago" and could have been used to obtain photos of peoples faces and driver's licenses.[11]
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.
- ^ Cox, Joseph (June 26, 2024). "ID Verification Service for TikTok, Uber, X Exposed Driver Licenses". 404 Media. Retrieved June 26, 2024.