Prime Trust, a fast-growing custody and tech solution for both traditional and digital assets, will be working with KYC firm AU10TIX, according to a note from the firm.
AU10TIX is an Israel-based company that offers ID verification and authentication – a key service in the global Fintech sector.
A subsidiary of ICTS International, AU10TIX can validate ID in less than 8 seconds thus removing a friction point from the transaction process. Not too long ago, the company raised $80 million from TPG and Oak ft/hc.
Scott Purcell, CEO and founder of Prime Trust, said they are proud to serve a range of Fintech innovations and they have decided to work with AU10TIX to strengthen their offerings of ID verification tools..
Carey O’Connor Kolaja, President and COO of AU10TIX, said they value what Prime Trust is doing and they are thrilled to be playing a role in their vision:
“AU10TIX is dedicated to furthering a more secure and inclusive world and in this case that means ensuring a changemaker like Prime Trust is able to show the world the power of trusting nontraditional exchanges like cryptocurrency at scale.”