AU10TIX News
45 articles
growth-positive
“I look forward to elevating AU10TIX to new heights, expanding our reach into additional regions, and enabling organizations worldwide to achieve their goals securely,” said Tal, who succeeds former CEO Dan Yerushalmi.
AU10TIX, a provider of identity verification and management solutions, has appointed Yair Tal as its new CEO, succeeding Dan Yerushalmi. Tal brings over 20 years of experience in payments, fintech, and localization services, and aims to enhance the companys machine learning capabilities and drive global growth. The company focuses on protecting against fraud, particularly in the face of rising deepfake threats, by using AI-powered solutions for identity verification and fraud prevention. AU10TIX serves various sectors, including automotive, banking, and eCommerce, helping organizations verify identities securely and efficiently.
Management Changes
AU10TIX Named "Best Identity-as-a-Service Platform" in 2025 FinTech Breakthrough Awards
AU10TIX Year-End Report on Global Identity Fraud Names 2024 'The Year of Fraud-as-a-Service (FaaS)'
AU10TIX Prevents an Estimated $7.5 Billion of Identity Fraud in 2024
AU10TIX Selected by FreightValidate to Strengthen Freight Industry Security and Boost Efficiency
growth-positive
הסוף לתעודות זהות ישנות? AU10TIX מציעה פתרונות חכמים לאימות זהויות | כלכליסט
AU10TIX, a leader in digital identity verification, is offering advanced solutions to help organizations comply with new regulations requiring biometric ID cards in Israel by January 2025. This move impacts banks, insurance companies, and financial institutions, necessitating renewed digital verification for their customers. AU10TIXs technology aids in preventing financial fraud, money laundering, and terrorist financing, while enhancing user experience with real-time facial recognition and liveness verification. The companys solutions are used by major global organizations like Uber, PayPal, Google, and Payoneer. Recently, AU10TIX announced its success in preventing over $18 billion in business fraud from 2021 to 2024. The companys innovative solutions provide fast, accurate biometric verification, regulatory adaptability, and reduced fraud risk, positioning it as a market leader.
Customers
growth-positive
AU10TIX unveils cutting-edge AML solution
AU10TIX, a global leader in identity verification and management, has launched a sophisticated anti-money laundering (AML) solution. This innovative product is designed to address major business threats such as money laundering, fraud, and terrorism financing. The solution offers a flexible and agile platform with integration tools and deployment options, enhancing the reliability of data and improving risk management strategies. It features a user-friendly dashboard and customizable workflows for seamless integration with identity verification and PII checks. By leveraging real-time data from top-tier vendors, AU10TIXs AML solution provides extensive risk management and reduces false positives. The solution simplifies compliance processes, saving businesses time and money, and is a testament to AU10TIXs commitment to providing advanced tools for combating financial crime.
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Musk to check Au10tix allegations by X anti-Israel influencers
Israeli identity verification company Au10tix is facing backlash from anti-Israel activists who are demanding that social media platform X (formerly Twitter) end its partnership with Au10tix. The activists allege that Au10tix hands over user details to Israeli authorities, a claim that Au10tix denies. The controversy was reignited when X owner Elon Musk stated he would investigate the claims. Au10tix provides identity verification services to large customers including X, Google, PayPal, and Uber. The data is stored on Microsoft servers in the US, UK, and Japan. The company has been profitable since its inception and has not raised any money.
PartnersCustomers
growth-positive
AU10TIX Q1 2024 Global Identity Fraud Report Identifies Online Gaming Industry as New ID Fraud Hotspot
AU10TIX, a global technology leader in identity verification and management, has released its Q1 2024 Global Identity Fraud Report. The report reveals significant trends in large-scale organized identity fraud, with the online gaming industrys share of fraud increasing by over 250% from Q4 2023. The payments sector remains the top target for fraudsters, accounting for 62% of all attacks. AU10TIX analysts expect the trend to continue until the sector becomes more regulated. The report also offers insights to help organizations protect against identity fraud.
Customers
growth-positive
Au10tix expands digital ID solution with automated and secure verification process | Biometric Update
Au10tix, a digital identity verification and management platform, has added new features to its software. The platform supports various forms of identification, including physical IDs, digital IDs, and electronic IDs with verifiable credentials. The digital identity platform improves the onboarding process for customers in the financial services and e-commerce industries. The software utilizes cryptographic signatures to validate digital IDs and prevent tampering. The platform also cross-checks personal identifiable information against government databases for added security. Au10tix recently completed a portfolio restructuring initiative to enhance customer experience and simplify decision-making processes.
CustomersExpand
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X (Twitter) ID verification with Au10tix now official; IDVerse, iDenfy, Onfido sign deals | Biometric Update
Social media platform X, formerly known as Twitter, is partnering with selfie biometrics provider Au10tix to offer account verification based on government IDs. The move is aimed at preventing impersonation and increasing paid subscriptions. However, the service is optional, only available to paid users, and currently unavailable in many countries including the European Union, the European Economic Area, and the United Kingdom. Other companies such as IDVerse, iDenfy, Onfido, and Seamfix have also announced new remote identity verification deals.
Partners
growth-positive
X launches account verification based on government ID | TechCrunch
X, formerly Twitter, has launched a government ID-based account verification for paid users to prevent impersonation. The social network has partnered with Israel-based Au10tix for identity verification solutions. The ID-based verification is available in numerous countries but not in the EU, EEA, and the UK due to stringent data protection laws. The company plans to expedite the review process for checkmarks if a user verifies their IDs. They will also get to make frequent changes to their names, usernames or profile photos without losing the checkmark. The company is currently offering ID-based verification for paid users only.
PartnersCustomers
growth-positive
AU10TIX Expands Deployment of ID Verification Solution with NeoGames to Enhance Customer Onboarding, Prevent Fraud and Ensure Compliance
AU10TIX, a global leader in identity verification and management, has announced an expanded partnership with NeoGames S.A., a leading provider of end-to-end iLottery and iGaming solutions. The partnership follows years of successful identity fraud management services provided by AU10TIX to NeoGames subsidiary Aspire Global. The expanded contract will cover all NeoGames businesses, including NeoGames and NeoPollard, and will enhance customer onboarding processes and compliance with global regulations.
PartnersCustomers
growth-positive
AU10TIX Collaborates with Microsoft on Decentralized Verifiable Credentials
AU10TIX, a global leader in identity verification and identity management, is partnering with Microsoft to work on Reusable ID, a new verifiable credentials (VC) architecture for identity management. VCs are digital credentials that prove the identity of a person or entity and allow the safe sharing of personal documents and biometric credentials. The new technology will enable businesses to simplify and accelerate ongoing ID verification, reduce customer onboarding costs, automate workflows, and enhance the security of sensitive data. The announcement builds on the 2021 collaboration that integrated AU10TIX’s identity verification automation into the Microsoft ecosystem.
Partners
growth-negative
AU10TIX cuts 9% of workforce | CTech
AU10TIX, a company that develops identity verification and management automation tools, has laid off 19 employees, accounting for around 9% of its workforce. The company stated that it is reassessing its goals for 2023 and will be recruiting salespeople and customer managers in the coming year. AU10TIXs founders, Ron and Gil Atzmon, were previously in negotiations to sell their holdings at a company valuation of $1.1-1.2 billion. The company, which has never raised funds, offers identity verification services to companies like PayPal, Airbnb, LinkedIn, Payoneer, Uber, and Santander.
LayoffsExpand
growth-positive
AU10TIX appoints Dan Yerushalmi as new CEO | CTech
AU10TIX has appointed Dan Yerushalmi as its new CEO. Yerushalmi joins from Checkpoint and brings expertise in automation and cybersecurity. The company offers identity verification and management automation services and has clients like PayPal, Airbnb, and Uber. Yerushalmi aims to continue the companys growth and take it to the next level.
Management Changes
growth-positive
לא תעבדו עליה: החברה הישראלית שמזהה נוכלים עבור ענקיות הטכנולוגיה | כלכליסט
Israeli company Authentix, which provides identity verification services, experienced an 80% increase in revenue in the past year. The company operates without external funding and generates revenue from product sales. Authentix is a subsidiary of ICTS, a family-owned company that has been in existence for over four decades. The company started in the airport security industry and later expanded to provide KYC services to banks. In recent years, Authentix has developed a unique system that verifies identities for digital services and applications. The companys revenue reached $70 million in 2021, and its net profit is estimated at $40-50 million per year. Authentix sold 30% of its shares to TPG and OAK funds for $80 million in 2019. The company is currently developing its products exclusively in Israel.
CustomersInvestment
growth-positive
AU10TIX PROTECTS BUSINESSES AGAINST $3.3B IN FRAUD IN 2022
AU10TIX has prevented $3.3B in fraud-related losses to businesses in 2022. The companys AI-powered fraud intelligence platform has increased synthetic fraud detection by over 60 percent. AU10TIX has signed with 40 new global customers and partnered with Microsoft on verifiable credentials. AU10TIX will sponsor the Money20/20 Headshot Lounge.
CustomersPartners
AU10TIX Partners With ShopBack to Help Verify BNPL Shoppers in APAC | The Fintech Times
Growth-Positive
AU10TIX Levels Up Fraud Killer INSTINCT to Stop Deepfakes and Swarm Attacks
AU10TIX, a global provider of automated identity verification technology, has announced expanded capabilities for its fraud intelligence platform, INSTINCT. The platform uses traffic-level intelligence sourced from a global consortium of neural-network partners to deliver advanced-layer protection against sophisticated fraud. INSTINCT now offers risk management and mitigation, and can sit alongside an organizations native identity verification solution. AU10TIX has prevented $2 billion in fraud-related losses to businesses since the start of 2022, with INSTINCT increasing detection of synthetic fraud by over 200 percent this year.
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growth-positive
Securing your digital experience: How this Israeli company can save your business money
AU10TIX, an automated identity verification technology company, has expanded its financial services presence to create a more secure and inclusive digital economy. The companys technology has helped businesses prevent over $2 billion in fraud-related losses this year, resulting in a growth-positive impact. AU10TIX provides fully automated identity verification technology powered by machine learning and artificial intelligence, which has led to a 45 percent increase in identity fraud detection. The company has secured 18 new global partnerships, including one with Microsoft, and has raised over $80 million to date. AU10TIX was founded in 2002 by Ron Atzmon and Gil Atzmon and is headquartered in Hod HaSharon, Israel.
Customers
growth-positive
AU10TIX PROTECTS BUSINESSES AGAINST $2 BILLION IN FRAUD SINCE START OF 2022
AU10TIX, a leading global provider of automated identity verification technology, has prevented $2 billion in fraud-related losses to businesses since the start of 2022. The company has expanded its reach in the financial sector and now covers approximately half of the total addressable market in digital payments. AU10TIX has seen a 45% increase in identity fraud detection and has signed partnerships with 18 new global partners. The companys technology has been recognized with an AI Breakthrough Award for the best use of AI for authentication. AU10TIX continues to develop its products, including the INSTINCT platform for detecting synthetic identity fraud. The company will be participating in industry events to share its expertise.
CustomersPartners
growth-positive
ONE ZERO Digital Bank Chooses AU10TIX to Power its Customer Verification System and KYC (Know Your Customer) Process
ONE ZERO Digital Bank has chosen AU10TIX to power its customer verification system and KYC platform. The Bank of Israel has approved the use of AU10TIXs technology. AU10TIXs solution allows the bank to perform identity verification for new customers and re-verification for various banking activities. The technology can also detect synthetic fraud. ONE ZERO Digital Bank is owned by Professor Amnon Shashua and has successfully completed a pilot program, onboarding its first 75,000 customers. The bank is leveraging artificial intelligence to offer additional money management services. AU10TIX is a global identity intelligence leader and a subsidiary of ICTS International N.V.
CustomersPartners
growth-positive
AU10TIX founders in negotiations to sell company at over $1 billion valuation CTech
Israeli automated identity verification startup AU10TIX is in negotiations to sell a 70% stake in the company at a valuation of $1.1-1.2 billion. Several funds are interested in acquiring AU10TIX, with the deal estimated to be between $300-750 million. The company has hired Goldman Sachs and Deutsche Bank to lead the process. AU10TIX was previously in advanced negotiations to merge with a SPAC at a valuation of $1.4 billion but pulled out due to concerns about raising the required PIPE investment. AU10TIX has never raised funds and has been profitable. The companys revenue surged to around $70 million in 2021, with an annual profit of $40-50 million.
InvestmentAcquisition
growth-positive
AU10TIX Launches SECURE.ME, a White Label Identity Verification Experience
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. SECURE.ME aims to address the increasing fraud rates and the need for document-centric proofing in onboarding workflows. It offers faster authentication and higher conversion for the digital onboarding process. With SECURE.ME, identity verification is completed in less than 8 seconds, enabling a new customer to complete an end-to-end onboarding experience in less than ninety seconds. The solution is customizable, multilingual, and tracks behavioral analytics. AU10TIX recently received an $80 million investment from TPG and Oak HC/FT to fuel growth and innovation.
CustomersPartners
growth-positive
AU10TIX Recognized by William Blair as Winner in Identity Management Industry Report
AU10TIXs identity management platform is recognized as the broadest and most automated in the market by global investment firm William Blair. The report highlights the importance of safe and secure identification processes and efficient customer experiences. AU10TIX has announced partnerships with Uber and Prime Trust, promoted a new CEO, and launched a solution to fight synthetic fraud. The company has received an $80 million investment from TPG and Oak ft/hc. AU10TIXs technology provides quick results, enabling faster customer onboarding while preventing fraud and promoting trust and safety.
CustomersPartnersInvestment
growth-positive
Uber and AU10TIX Launch New Safety Measures for Cash-Paying Riders
Uber has partnered with AU10TIX to implement a program in Mexico, Argentina, and Chile that helps verify the identity of new riders who choose cash as their preferred method of payment. The program requires users to scan an official identification for verification. The partnership between Uber and AU10TIX has evolved to include electric scooters and Uber Eats. The launch of this program is expected to set the stage for expansion into other countries where Uber is experiencing elevated demand for cash payments.
Partners
Biometric onboarding customer win announced by AU10TIX, platform expanded by IDology Biometric Update
growth-positive
AU10TIX Provides Identity Verification Services For Prime Trust - Mobile ID World
AU10TIX will provide identity verification for Prime Trust, a company specializing in API solutions for the financial industry. This partnership will help financial institutions fight rising rates of synthetic fraud and comply with Anti-Money Laundering regulations. AU10TIX has recently joined the FIDO Alliance and signed new clients, including Aspire Global and Kumbaya App. The increase in online activity during the COVID-19 pandemic has created a greater need for remote identity verification technology.
PartnersCustomers
growth-positive
Kumbaya App, AU10TIX team up to offer safety to gigsters
The Kumbaya App has announced a partnership with AU10TIX to enhance safety measures through automated ID verification. The app will now use AU10TIXs Secure.Me solution with Smart Document Capture to verify the identity of parents and teen gigsters. The Kumbaya App connects parents with trusted teens for paid gigs and ensures safety by using the parents contact book and social networks. Parents are required to provide their date of birth, phone number, and one valid ID, which are verified by AU10TIXs server. A selfie is also required for face-to-face identity confirmation. This partnership aims to provide a secure platform for parents and teens in need of care services.
Partners
growth-positive
AU10TIX reveals a collaboration platform to fight synthetic identity fraud
AU10TIX has launched INSTINCT, an autonomous and anonymous platform designed to unify the business community around global identity signals that can fight synthetic identity fraud. The aim of INSTINCT is to detect criminal attempts to create multiple accounts using fraudulent ID credentials that have already penetrated one organisations system without detection.
Customers
growth-positive
AU10TIX Secures New Investment to Fuel Further Growth and Innovation in the Fast-Growing Identity Verification and Document Verification Market
AU10TIX, a global ID verification and authentication platform, has received a $20 million investment from Oak HC/FT. The investment will help AU10TIX distinguish itself in the identity verification and document verification market. AU10TIX provides end-to-end solutions for Fortune 500 companies to verify and authenticate their users. The companys services include forensic level ID authentication, identity verification, screening, and advanced biometrics. AU10TIX is a leader in global customer onboarding and identity authentication, and is expanding through new investments and talent acquisition. The investment from Oak HC/FT will support AU10TIXs vision and momentum in the industry.
Investment
growth-positive
Au10Tix, Daon, and Kingland Join NICE Actimize's X-Sight Marketplace, the Industry's First Financial Crime Management Ecosystem
NICE Actimize, a NICE business and leader in Autonomous Financial Crime Management, has announced that three new technology partners have joined the X-Sight Marketplace, the industry’s first financial crime risk management-focused ecosystem. The new partners are Au10Tix, a leader in global customer onboarding and forensic-level authentication; Daon, an innovator in biometric identity technology; and Kingland, experts in data management and text analytics. The X-Sight Marketplace helps financial services organizations evaluate new point solutions and stay on top of a challenging regulatory and criminal environment.
PartnersExpand
growth-positive
AU10TIX: $60 Million Funding At $260 Million Valuation
Cloud-based ID verification and authentication platform AU10TIX has raised $60 million in a minority investment round led by TPG Tech Adjacencies. This investment gives AU10TIX a post-money valuation of $260 million. The company has been experiencing triple-digit growth and is known for its advanced machine learning and talent acquisition. AU10TIX provides critical infrastructure for efficient and responsible operations, offering solutions for customer onboarding and KYC automation. The funding will be used to accelerate growth and fuel the next generation of trusted identity. Additionally, Carey OConnor Kolaja has been named President and Chief Operating Officer of AU10TIX.
Investment
growth-positive
Biometrics News - AU10TIX Brings Selfie Onboarding for Gaming Platform
Zengaming has partnered with AU10TIX for secure customer onboarding and document verification. AU10TIXs platform outperformed the competition in tests, detecting manipulated images and identifying users even with images of borderline quality. This has increased customer conversion rates for Zengaming. AU10TIXs document matching technology has been deployed for non-gaming purposes in the past. TPG recently invested $60 million in AU10TIX.
Customers
growth-positive
Saxo Bank Chooses AU10TIX 2nd Generation Customer ID Authentication & Onboarding Automation
Saxo Bank has chosen AU10TIXs ID authentication and onboarding platform to enhance customer onboarding and fraud prevention. AU10TIXs technology offers 100% end-to-end automation and high conversion rates. Saxo Bank benefits from AU10TIXs geographic and multi-lingual coverage. AU10TIX is a dominant player in the Cryptocurrency market. Saxo Banks Executive Director praises AU10TIXs support and guidance. AU10TIXs Managing Director and VP Marketing express their pleasure in working with Saxo Bank. AU10TIX is a subsidiary of ICTS International N.V.
Customers
growth-positive
AU10TIX CEO: Whoever Wrote the GDPR Didn't Understand Its Consequences Finance Magnates
The article discusses the role of AU10TIX, an ID authentication company, in the blockchain industry. It highlights the increasing demand for identity-verification services in the crypto space due to compliance requirements. AU10TIX works with various cryptocurrency exchanges, including eToro, Coinbase, and Gemini. The CEO, Ron Atzmon, expresses concerns about the GDPR and its lack of clarity, stating that the regulation needs to be more specific. Despite the challenges, Ron is optimistic about the future growth of AU10TIX. The article also mentions the high levels of identity fraud and the need for GDPR compliance in various industries.
Customers
growth-positive
VISA Chooses AU10TIX Automated ID Authentication & Onboarding Platform
Visa has chosen AU10TIX BOS 2nd generation technology as ID authentication and onboarding automation service of record of its Visa ID Intelligence platform. AU10TIXs technology provides industry-leading document authentication to prevent fraud as clients assess new account applications. AU10TIXs 2nd generation solution is 100% data-entry and menu free, totally human examination free, and can handle ID documents even without dependence on barcodes. The technology is ca. +300% better in handling borderline quality ID images and is capable of forensic-level forgery and counterfeiting detection. The partnership with Visa is expected to contribute to AU10TIXs growth and success.
Partners
growth-positive
ezbob Extends Contract with AU10TIX for ID Authentication and Customer Onboarding Automation - Benzinga
UKs biggest business e-lender, ezbob, will continue to power customer ID authentication and onboarding with the markets only 2nd generation cloud service. ezbob has been successfully using AU10TIX BOS platform that by now incorporates forensic-level ID authentication, multi-modal Selfie-to-ID face matching and additional KYC related services. The article highlights ezbobs satisfaction with AU10TIX BOS technology and their commitment to providing a fast, secure, and friendly onboarding process. The article also mentions ezbobs investors, Oak Tree Capital and the British Business Banks Angel Co-Fund.
Customers
growth-positive
AU10TIX On-Boards Avi Hatami as its President & CRO Finance Magnates
AU10TIX Limited has appointed Avi Hatami as its President and Chief Revenue Officer. Hatami, who has a background in the financial services industry, joins from SpotOption where he worked as Senior Vice President and Head of Sales and Business Development. This appointment is expected to have a positive impact on the growth of AU10TIX Limited.
Management Changes
growth-positive
AU10TIX launches mobile ID authentication service for PoS
AU10TIX has launched its AU10TIX POS-BOS solution, which brings mobile ID fraud detection/KYC and customer onboarding capabilities to the Point-Of-Sale. The new solution removes bottlenecks, reduces churn, and lowers costs in the POS market. AU10TIX POS-BOS turns mobile devices into a full-scale ID capture, authentication, and onboarding platform. POS representatives can simply take a picture of the customers ID and send it to the AU10TIX BOS cloud service for automatic recognition, data checks, and content extraction. AU10TIX specializes in authentication and digitization of identifying documents.
CustomersPartners
growth-positive
RateSetter Takes On AU10TIX BOS Online ID Authentication & Record Generation Solution after Catching Fraud At Proof-Of-Concept Run - Benzinga
RateSetter, one of UKs leading online Peer-to-Peer platforms, has implemented AU10TIX BOS to improve fraud protection and KYC compliance while streamlining customer experience and increasing effective volume handling capacity. AU10TIX BOS enables 100% automated, Click&Go multi-factor authentication of online submitted ID images. The implementation of AU10TIX BOS has helped RateSetter to enhance fraud protection and speed up customer onboarding. The article highlights the effectiveness of AU10TIX BOS in detecting fraudulent ID images and praises RateSetter for choosing the technology. The event described in the article occurred on July 7, 2015.
Customers
http://www.crowdfundinsider.com/2014/11/57510-zopa-partners-au10tix-id-authentication/
growth-positive
InfoCredit Group Enhances KYC Services with AU10TIX BOS Online ID Authentication and Record Generation Technology
AU10TIX BOS has been selected by InfoCredit Group as their solution for online ID authentication and processing. This partnership allows InfoCredit Group to offer its clients the highest standard of online ID fraud protection and KYC compliance. AU10TIX BOS replaces manual examination and data entry with a fully automated process, enabling effective handling of any issues in real-time. AU10TIX BOS is proven to be better than any alternative, incorporating machine-learning-enhanced image processing and decision analytics algorithms. The solution works accurately, quickly, and is tolerant to sub-optimal image qualities. InfoCredit Group now has a competitive edge and added value to offer their clients.
Partners
growth-positive
AU10TIX Announces Advanced Chinese ID Authentication & Content Extraction Capabilities For Online
AU10TIX, a subsidiary of ICTS International, has developed a platform that allows Chinese citizens to submit pictures of their national ID for anti-fraud checking and record generation. This makes the Chinese market more accessible for KYC regulated services. The platform works faster and can detect image forgeries, providing specific flagging on any issues. The language barrier is reduced, allowing for automation to replace manual processing. AU10TIXs technology has significant implications for international service providers, as it reduces costs and enables effective regulatory compliance. The company specializes in the authentication and digitization of identifying documents and offers ID authentication and processing solutions. The article does not mention any specific customers, investors, or acquisition or investment amounts. The event described in the article occurred on November 12, 2014.
Customers
