XForex Taps AU10TIX for Enhancing Customer ID Authentication and Onboarding

The firm operating XForex and XTrade, XFR Financial, has deployed the AU10TIX BOS SaaS. The "Cloud" service is meant to enable automated end-to-end processing that includes auto-classification, content extraction, logical authentication, tampering forensics and additional checks.

AU10TIX BOS is designed for online service providers in markets where regulations mandate the authentication and obtaining of customer data from digital photos or scans of ID documents. The AU10TIX BOS technology works with government issued documents such as ID cards, passports and driving licenses. Such images can be produced by clients using common digital devices such as smartphone cameras, home scanners, webcams, etc. Despite the complexity of image processing and authentication checks, the firm says AU10TIX BOS is seconds fast, enabling immediate reaction to any issues that may arise, while the customer is still in process.

“We chose AU10TIX BOS because we do not want to compromise on either security or speed," says Tara Mor, VP Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term of XFR Financial, adding, “AU10TIX BOS enables us to provide first class service to our customers while having the best possible protection against fraud. On top of it is the added value of being able to increase effective volume handling capacity and conversion success chances by virtue of an effortless onboarding process that even allows resolving any issues just as simply."

“Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term is one of our more active markets, and for a reason”, says Ron Atzmon, Managing Director of AU10TIX, adding, “This is a fast-moving, competitive space that’s also under increased regulatory scrutiny We greatly appreciate XFR’s vote of confidence in AU10TIX BOS. We found they are forward-looking professionals who did their homework and checked all alternatives thoroughly. We are proud to be proven yet again superior to conventional solutions. BOS is next-gen technology.”

“Welcome aboard, XFR Financial”, says Ofer Friedman, VP Marketing of AU10TIX, adding, “And welcome to the age of Secure Customer Onboarding. This is the imminent standard of all regulated markets. Fraud protection, customer service and operating efficiency are no longer separate things. The whole idea behind AU10TIX BOS is that all can take place in the same process. You chose right to make it easier for your customers, and to make it securer and more efficient for you and them. Of course, you’ll benefits from the new capabilities we'll be bringing to the market later on.“