eToro lengthens contract with AU10TIX to verify online identifications
NICOSIA, Cyprus Nov. 21, 2016 eToro has been using AU10TIX BOS to streamline customer onboarding and protect against fraud at high volume traffic. AU10TIX BOS, the forerunner of second generation ID authentication and customer onboarding, will help eToro stay ahead of competition and regulatory compliance while driving high operational efficiencies. In addition, eToro will automatically benefit from ongoing upgrades, extensions and new capabilities introduced by AU10TIX.
Commenting on the announcement, Avi Sela, COO at eToro said: “Providing our five million strong social traders with streamlined trading experiences in a safe and secure environment is critical for us. AU10TIX has proven to be the best in class in meeting our rigorous standards. That’s why we’ve decided to continue the partnership with them.”
“This is an important vote of confidence from a valued client”, said Ron Atzmon, Managing Director of AU10TIX. “Coming from a prominent player such as eToro this means a lot to us. We are delighted to continue working with eToro and make our contribution to their success for a long time”.
“The growing list of extended contracts speaks for itself”, said Ofer Friedman, VP Marketing of AU10TIX. “Second generation ID authentication and onboarding technology is proven, proven in action. There are good reasons why major players have chosen AU10TIX BOS and continue to use it. eToro is certainly a strong credential to anyone on the market”.
eToro is the world’s leading online social trading network, with over 5 million registered members from 170 different countries and thousands of new accounts opened each day. eToro’s mission is to revolutionise the way people access the financial markets and make their trading experience more social, simple, enjoyable and transparent.
Since launching in 2007, eToro has established itself as the market leader in ‘social trading’ and recently received recognition at FinovateEurope 2015 with the Best of Show award. Yoni Assia, CEO and Co-Founder of eToro is also featured in Financial News’ FinTech 40 power list.
A global social platform, it allows members to communicate, copy and follow each other to harness the wisdom and success of others. The community element is the first of its kind, making trading transparent and open, unlike traditional solitary trading platforms.
eToro is regulated by both CySEC in Europe and the FCA in the UK.
For more information, visit http://www.etoro.com
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying, content retrieval, authentication and validation of identifying documents. AU10TIX is a pioneer of all-channel (front-end and online) ID authentication and processing solutions. The company's products drastically reduce identifying document-based fraud, reducing the costs associated with client processing and enabling effective regulatory compliance, while making the sales and support operations speedier and considerably more efficient.
For more information, visit http://www.au10tix.com
About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process.
For more information, visit http://www.icts-int.com