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Digital Identity, Security & Online Fraud

XIXOIO blockchain solution powered by Acuant

Wednesday 19 December 2018 | 09:33 AM CET

Acuant, a global provider of identity verification solutions, has partnered with XIXOIO, a fintech startup which develops a blockchain solution and infrastructure for banks, companies and investors.

This solution will leverage Acuant's AssureID with FRM (facial recognition match) to make a system of products enabling a comprehensive process of tokenization-investment and financing based on blockchain technology.

One of the key components to the solution is AMLsystem, a real-time AML/KYC solution for financial institutions and other regulated entities to streamline the onboarding of new clients and enable constant transaction monitoring. AMLsystem is a comprehensive and flexible online cloudware service that provides the scoring of individual and corporate clients for regulated entities in accordance with AML/CTF and other legal requirements. Acuant's AssureID with FRM allows for real-time multi-factor identity verification, starting with authenticating the government-issued ID then binding the individual to the ID via facial recognition match with image spoofing technology.

The core of XIXOIO's system combines the advantages of Initial Coin Offering (ICO) with Initial Public Offering (IPO). The main benefits are the simplicity and flexibility offered by ICO and the possibility of regulation and control allowed by IPO.

More: Link
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