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) and anti-money laundering (AML) 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.
Why Your Enterprise’s Finances Rely on Employee TrainingGo to article >>
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.”