International trading and investment platform SaxoBank enhances customer onboarding and fraud prevention with AU10TIX 2nd generation ID authentication and onboarding platform BOS. AU10TIX BOS is the first and currently only fully operational Cloud service, offering 100% end-to-end automation (No manual review, no customer data entry required), forensic-level ID authentication, multi-modal Selfie-to-ID face matching, Proof-Of-Address handling and data verification and screening.
AU10TIX BOS 2nd generation, AI-enhanced automation enables SaxoBank to create a fast, effective customer onboarding and KYC process with high conversion rates. SaxoBank also benefits from AU10TIX’s geographic and multi-lingual coverage that enable particularly broad outreach by comparison to conventional solutions. BOS already powers global major players in a broad range of regulated markets including banking, credit cards, payments, money transfer, remittance, trading, HR services and more. AU10TIX is a dominant player in the Cryptocurrency market, powering the entire range of enterprises from start-up and up to global tier 1 players. Unlike conventional, 1st generation solutions, AU10TIX 2ndgeneration technology is completely automated, enables forensic-level forgery, counterfeiting and collateral risk flags detection, offers up to +300% higher conversion rates on borderline quality ID images, offers rapid-response exception reporting, covers a range of ID languages – all at average processing speed of under 8 seconds. AU10TIX portfolio includes multi-modal, Selfie-to-ID face matching with Liveness detection, Proof-Of-Address document handling and KYC data services.
“SaxoBank is a dominant online trading and investment player for years and AU10TIX technology is there to help us stay ahead of the game”, says Stig Tørnes, Executive Director of SaxoBank: “AU10TIX is a standard setter in its field just like we are in ours. But choosing AU10TIX came not just because this is the clear technology leader but also from the kind of support and guidance they know to provide. Our time to market has been cut short thanks close to working with some of the most experienced people in the market. Best practices, efficient formulation of a data-rich output to effective risk decisioning, and a clear gap closing plan are proving extremely valuable. We look forward to working with the AU10TIX team now and in the future”.
“Welcome on board, Saxo Bank!”, says Ron Atzmon, Managing Director of AU10TIX: “I believe that this is one of the clear cases of working with people who are not just professionals but also a pleasure to work with. Online trading and investments take a handsome share of out activity portfolio and Saxo Bank is a welcomed addition to our client family. We are happy to be with the right technology at the right time. Players such as Saxo Bank are setting the example to how proper automation can drive security, confidence and competitiveness.
“Saxo Bank is an undisputed standard setter in its market”, says Ofer Friedman, VP Marketing of AU10TIX: “We see this as a natural partnership since player of that magnitude needs a solution that is robust and proven. We are glad to have proven yet again better than any other and to have won the confidence of the Saxo Bank team who have tested 2nd generation technology meticulously. A pleasure to work with you guys.”