AU10TIX Launches SECURE.ME, a White Label Identity Verification Experience

Rhea-AI Summary

AU10TIX has launched SECURE.ME, a white label identity verification solution designed to streamline customer onboarding with minimal integration needs. This innovation addresses increasing fraud, which has led to $42 billion in losses for companies over the past 24 months. By 2022, it is projected that 80% of organizations will adopt document-centric proofing. SECURE.ME enables identity verification in under 8 seconds, enhancing speed and conversion rates. The product is customizable and multilingual, focusing on user experience and real-time feedback.

Positive

• Launch of SECURE.ME aims to address the growing issue of fraud in digital onboarding.
• SECURE.ME promises identity verification in less than 8 seconds, enhancing customer experience.
• $80 million investment from TPG and Oak HC/FT to fuel growth and innovation.

Negative

• None.

TEL AVIV, Israel, March 2, 2021 /PRNewswire/ -- AU10TIX, the global leader in identity verification, has launched SECURE.ME, a white label experience designed to reduce integration requirements while providing the same speed, flexibility, and forensic-grade security for customer verification for which AU10TIX is known.

In the past 24 months, 47% of companies experienced fraud, resulting in $42 billion in losses from cybercrime.¹ By 2022, 80% of organizations will be using document-centric proofing as part of their onboarding workflows, an increase from approximately 30% today.² Digital onboarding is currently the biggest area of weakness and missed opportunity for companies, and SECURE.ME provides faster authentication and higher conversion for the digital onboarding process.

"With the acceleration in fraud due to the pandemic, it's never been more important for businesses to have a secure, compliant digital onboarding and verification process while still providing a seamless experience for users," said Jonathan Wilson, chief product officer of AU10TIX. "SECURE.ME provides our customers with a front-end white label solution to safeguard their business, with zero integration or engineering required. It's an exciting milestone for AU10TIX. Our success in providing an automated API solution for over a decade is now made accessible by a best-in-class user experience."

With SECURE.ME, identity verification is completed in less than 8 seconds enabling a new customer to complete an end-to-end onboarding experience is less than ninety seconds. "The entire process is customizable to each business's preferences, selecting from one to multiple layers of identity checks, like identity document, biometric liveness, and proof of address," said Koby Avitan, vice president, product, of AU10TIX. "Early customers are choosing anywhere from one to all available security checks when designing their verification flow." The newly available experience is multilingual and tracks behavioral analytics, so that customer experience teams can see global trends and trouble spots across the end-to-end onboarding experience.

In addition to the business-facing features, SECURE.ME also provides real-time preview options and in-session feedback aimed at mitigating common frustrations caused during the identity capture and verification process.

To learn more about SECURE.ME, please visit our website.

About AU10TIX
AU10TIX, an identity management company headquartered in Israel, is on a mission to obliterate fraud and further a more secure and inclusive world. The company provides critical, modular solutions to verify and link physical and digital identities so businesses and their customers can confidently connect. Over the past decade, AU10TIX has become the preferred partner of major global brands for customer onboarding and customer verification automation—and continues to work on the edge of what's next for identity's role in society. AU10TIX's proprietary technology provides results in less than 8 seconds, enabling businesses to onboard customers faster while preventing fraud, meeting compliance mandates and, importantly, promoting trust and safety. AU10TIX's most recent investment is $80M from TPG and Oak HC/FT to fuel growth and innovation. AU10TIX is a subsidiary of ICTS International N.V. (OTCQB: ICTSF). For more information, visit AU10TIX.com.   

Media Contact 
Joseph Giumarra
Press@AU10TIX.com 
201-741-8293

¹ PwC's Global Economic Crime and Fraud Survey 2020
² Gartner's 2020 Market Guide for Identity Proofing and Affirmation

 

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SOURCE AU10TIX

FAQ

What is AU10TIX's SECURE.ME and when was it launched?

AU10TIX launched SECURE.ME on March 2, 2021, as a white label identity verification solution.

How does SECURE.ME improve customer onboarding?

SECURE.ME reduces integration needs and allows identity verification in under 8 seconds.

What recent trends highlight the need for SECURE.ME?

In the past 24 months, 47% of companies faced fraud, resulting in $42 billion in losses.

What are the anticipated market changes for identity verification by 2022?

By 2022, 80% of organizations are expected to utilize document-centric proofing in onboarding.

How customizable is the SECURE.ME solution?

SECURE.ME allows businesses to choose from multiple security checks tailored to their preferences.