Acuant chosen by XIXOIO as a supplier of identity verification in an innovative blockchain solution

LOS ANGELES, December 17, 2018 / PRNewswire / – Acuant, a global provider of identity verification solutions, today announced a partnership with XIXOIO, a fintech start-up based in Prague, Czech Republic. XIXOIO is developing a unique blockchain solution and a complete infrastructure for banks, companies and investors. This solution will use Acuant & # 39; s AssureID with FRM (Face Recognition Recognition) to build a complete product system that enables a complete tokenisation process – investment and financing based on blockchain technology.

One of the key components of the solution is AMLsystem, a real-time AML / KYC solution for financial institutions and other regulated entities to optimize the onboarding of new customers and enable continuous monitoring of transactions. AMLsystem is a complete and flexible online cloud service that provides the score of individual and business customers for regulated entities in accordance with AML / CTF and other legal requirements. Acuant AssureID with FRM allows verification of the multi-factor identity in real time, starting with the authentication of the ID issued by the government, thus linking the individual to ID through recognition of facial recognition with image spoofing technology.

"AMLsystem is the latest evolution of XIXOIO products and services," he said Nikolay Rozhok, Founder of XIXOIO. "We offer investors the possibility of secure investment and the opportunity for companies to raise capital for their development. All of this is made transparent using the complete XIXOIO infrastructure, including integrated solutions with banking and legal and regulatory institutions. to ensure strong security and comply with regulations with minimal user friction. "

The core of the XIXOIO system is a completely new solution: IPCO (Initial Public Coin Offering). Combining the benefits of Initial Coin Offering (ICO) with Initial Public Offering (IPO). The main advantages are the simplicity and flexibility offered by the ICO and the possibility of regulation and control allowed by the IPO. This solution called Tokenization offers a safe and credible way to raise capital for development.

"We are delighted to partner with innovative companies like XIXOIO, which are solving problems and advancing cryptography and blockchain technology," he said. Yossi Zekri, President and CEO of Acuant. "Creating reliable and secure transactions is what Acuant represents and this partnership is a great example."

About Acuant
The next Acuant Identity Platform is supported by AI with machine-aided learning to reduce fraud, while providing a perfect customer experience and increasing conversions. Built to scale and meet KYC / AML regulations, Acuant offers the industry's highest speed and accuracy rates for ID verification. Award-winning products include ID acquisition, AssureID authentication, face recognition, ePassport Chip and Ozone authentication. The solutions are omnichannel and allow companies to establish identities on-site or remotely via the cloud and mobile devices. By completing more than 3 billion reliable transactions worldwide, partners include Fortune 500 and FTSE 350 organizations and start-ups across all industries. For more information, visit www.acuantcorp.com.

PR contact:
Malini Gujral
Acuant
213-867-2625
[email protected]

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