Acuant will act as a verification provider for XIXOIO
Acuant is an identity verification provider. He recently announced that he would collaborate with XIXOIO, which is a fintech startup based in Prague. The company is working to create blockchain solutions and infrastructures for companies, investors and banks. The solution will use the Acuant AssuredID with facial recognition recognition technology. It will create a system of products that allows a complete investment of tokenization based on blockchain.
One of the crucial components of this solution is the AML system. This will be in real time AML / KYC solution that will be used by financial institutions. This will help to simplify the onboarding of new customers. It will also allow monitoring of transactions in real time. AMLSystem will function as a flexible online cloud service. It will offer scores for corporate and individual customers for regulated entities. This will ensure compliance with AML / CTF and all other legal requirements.
AssureID from Acuant with the facial recognition it is guaranteed the verification of the multi-factor ID in real time. It will start with the authentication of the ID issued by the government and will therefore win people to this ID using facial recognition. To match them, use image spoofing.
According to founder of XIXOIO, AMLSystem will be the next step in the evolution of company services. It will offer investors secure investment opportunities and the opportunity for companies to increase the capital they need to grow. All this comes with the transparency enabled by XIXOIO innovations that include integrated solutions with legal, banking and regulatory bodies. He added that Acuant it was a good partner that will allow them to offer great security. In addition to this, they meet regulatory requirements and cause little inconvenience to their users.
In the center of XIXOIO system it's a new call solution Initial public offering of money. it combines the advantages of ICO with those of an IPO. The main advantages will be the simplicity and ease of the ICO and the regulatory control offered by the IPO. The solution called Tokenization will allow safe and credible ways to increase development capital.
The CEO of Acuant they said they were happy to work with XIXOIO, which will solve the problems as technology advances in the blockchain world. He added that Acuant was interested in creating a secure and transparent transaction system. Therefore, this partnership was a great example of how to achieve their goals.
Acuant uses artificial intelligence and learning assisted by human machines to cut fraud. At the same time, it ensures that the customer experience is impeccable. It is built in scale and meets all the AML / KYC rules. Currently the Acuants hold the record of speed and accuracy in the verification of ID. It has various top-of-the-range products such as AssuredID, ID Capture, Chip and Ozone ePassport authentication and facial recognition. This allows them to verify their identity via mobile devices and cloud services. So far, it has completed over 3 billion transactions globally. He has worked with the FTSE 350 and Fortune 500 companies. The company also works with start-ups in various sectors.