AU10TIX will be providing identity verification for Prime Trust, which specializes in API solutions for the financial industry. Prime Trust develops open-banking technology that other financial institutions can use to deliver digital banking services to their customers. The company’s offerings include mobile banking apps, crypto exchanges, and investment services, and are compliant with the latest Anti-Money Laundering and Know Your Customer regulations.
Prime Trust CEO Scott Purcell noted that the increase in online activity has created a greater need for remote identity verification technology during the COVID-19 pandemic. AU10TIX’s solution uses face and document recognition to authenticate new users, and should help financial institutions fight rising rates of synthetic fraud.
“We are proud to serve a wide range of fintech innovators that rely on us for a frictionless user experience that does not compromise security when exchanging money,” said Purcell.
“I deeply value what Prime Trust is doing to ensure immediate, reliable access to money of all kinds in today’s remote world,” added AU10TIX President and COO Carey O’Connor Kolaja.
AU10TIX joined the FIDO Alliance in April, and has signed several new clients over the course of the past few months. Some of its most recent partners include the Aspire Global gaming platform and the Kumbaya App for teenaged gig workers.
(Originally posted on FindBiometrics)