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AU10TIX expanding into Japanese market

NICOSIA, Cyprus Feb. 28, 2017 Japan's "My Card" social security and tax identification card is already used by a third of the Japanese population. "My card" has been introduced by the Japanese government to facilitate greater convenience to public services such as on-line application for personal information and various administrative procedures but is also used, for instance as a shopping point card. AU10TIX's 2nd generation ID authentication and onboarding automation enables a simple "Click & Go" fully automated customer ID authentication and onboarding in online, mobile and physical channels. Such automation is desperately needed in financial services and other services where KYC regulations mandate customer identification and screening using a government issued ID facility. AU10TIX technology can help Japanese companies as well as foreign companies offer competitive services in the Japanese market at superior operating efficiency and robuster level of regulatory compliance.

“Japan is no more the 'closed garden' it used to be for many years for cross-border financial services providers”, says Ron Atzmon, Managing Director of AU10TIX: “This is a vibrant, lucrative market who's potential can now be realized at far greater ease and competitiveness than before. Just like millions all over the world, Japanese consumers can benefit from more financial and other services at greater ease and more competitive terms. AU10TIX puts its 2nd generation ID authentication and onboarding platform at the disposal of both Japanese and non-Japanese service providers who wish to benefit from competitive edge and higher operating efficiency in this marketplace.”

“Multi-lingual ID document support is widely recognized as one of AU10TIX's strong benefits.”, says Ofer Friedman, VP Marketing of AU10TIX: “Japan is not alone here. AU10TIX also supports Cyrillic ID documents as well as Chinese and Hebrew. To the best of our knowledge we are the only ones to offer such capabilities, not to mention with 2nd generation ID authentication and processing technology. Make no mistake, Japanese is not just another language. Our R&D team as developed new capabilities enhanced with machine-learning and deep-learning to be able to cope with the challenge successfully and help access Japanese consumers efficiently and competitively.”

About AU10TIX

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

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.

 

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