Everline and Ezbob Are Latest Lenders to Tap AU10TIX for Fraud Verification
- Online lenders continue to see value in automated identity fraud prevention tools used for onboarding new customers.
AU10TIX has announced that UK online lenders Everline and ezbob have signed up as customers of their second generation fraud prevention automated customer verification solution. The two firms extend AU10TIX’s involvement with UK fintech startups as the company has also been tapped by companies such as TransferWise and RateSetter.
Providing automated solutions for onboarding and verifying customers, AU10TIX’s tools have become popular for online firms which are able to speed up the process of satisfying Know Your Customer (KYC) Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Read this Term) and Anti-Money Laundering (AML) Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Read this Term) requirements. Through automation, AU10TIX is able to analyze customer documents and ID cards to authenticate them and eliminate much of the manual process that had previously been handled by compliance officers. In addition to the lending and money transfer market, AU10TIX has also seen demand from online brokers and eGaming firms.
Commenting on the decision to use AU10TIX, Yaron Shoshani, CTO of Everline and ezbob, stated: “Fast, simple and secure are some of the fundamental features our business customers look for in today’s digital world. These are the principals that we built our proprietary automated lending platform around and why we’ve chosen to invest in AU10TIX BOS’ anti-fraud technology. We now have in place the only second generation ID authentication and record generation service on the market, meaning we can offer customers the reassurance of even stronger ID fraud protection combined with a streamlined service.”
AU10TIX has announced that UK online lenders Everline and ezbob have signed up as customers of their second generation fraud prevention automated customer verification solution. The two firms extend AU10TIX’s involvement with UK fintech startups as the company has also been tapped by companies such as TransferWise and RateSetter.
Providing automated solutions for onboarding and verifying customers, AU10TIX’s tools have become popular for online firms which are able to speed up the process of satisfying Know Your Customer (KYC) Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Read this Term) and Anti-Money Laundering (AML) Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised as income gained through legitimate means. The fundamental purpose of the AML laws is to help safeguard, detect, and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.Most exchanges have AML measures that include identity verification Read this Term) requirements. Through automation, AU10TIX is able to analyze customer documents and ID cards to authenticate them and eliminate much of the manual process that had previously been handled by compliance officers. In addition to the lending and money transfer market, AU10TIX has also seen demand from online brokers and eGaming firms.
Commenting on the decision to use AU10TIX, Yaron Shoshani, CTO of Everline and ezbob, stated: “Fast, simple and secure are some of the fundamental features our business customers look for in today’s digital world. These are the principals that we built our proprietary automated lending platform around and why we’ve chosen to invest in AU10TIX BOS’ anti-fraud technology. We now have in place the only second generation ID authentication and record generation service on the market, meaning we can offer customers the reassurance of even stronger ID fraud protection combined with a streamlined service.”