Acuant signs up another fintech customer for biometric and document-check onboarding

Czech fintech startup XIXOIO has selected Acuant to provide its AssureID with facial biometrics to secure its blockchain solution and infrastructure for banks, businesses, and investors.

AssureID with FRM (facial recognition matching) enables real-time multi-vector identity verification for XIXOIO’s AMLsystem, an AML/KYC product for regulated entities to streamline the onboarding process and support constant transaction monitoring, according to the announcement. AMLsystem is provided as a comprehensive and flexible cloud service, scoring individual and corporate clients to meet AML/CTF and other legal requirements.

“AMLsystem is the latest evolution of products and services from XIXOIO,” said Nikolay Rozhok, Founder of XIXOIO. “We offer investors the possibility of safe investments and the opportunity for companies to raise capital for their development. All of this is made transparent using the complete XIXOIO infrastructure including solutions integrated with banking and legal and regulatory institutions. Acuant was the perfect partner for us to enable strong security and meet regulations with minimal friction to users.”

XIXOIO provides tokenization for IPCOs, or Initial Public Coin Offerings, which the company says provide the simplicity and flexibility of ICOs with the regulatory compliance and control of IPOs.

Audax Private Equity acquired a controlling interest in Acuant in September, shortly after the company announced a major increase in sales in Q2 2018. Acuant’s onboarding momentum has continued with Veridate and DSS signing up in October.

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