XIXOIO Blockchain Startup Picks Acuant AssureID With FRM Verification Service To Tokenize Its System

Acuant Will Act As The Identification Verification Provider For XIXOIO

Acuant is a provider of identity verification. It recently announced that it would collaborate with XIXOIO, which is a fintech startup based in Prague. The company is working to create blockchain solutions and infrastructure for companies, investors, and banks. The solution will use the Acuant AssuredID that has facial recognition match technology. It will create a system of products that enables full tokenization investment based on the blockchain.

The Solution

One of the crucial components of this solution is the AML System. This will be a real-time AML/KYC solution that will be used by financial institutions. This will help with streamlining of onboarding new clients. It will also enable transaction monitoring in real time. The AMLSystem will work as a flexible online cloudware service. It will offer scoring for corporate and individual clients for regulated entities. This will ensure compliance with AML/CTF and all other legal needs.

The AssureID from Acuant with face recognition will ensure real-time multi-factor Id verification. It will begin with authenticating ID issued by the government and then bind individuals to this ID using facial recognition. To match them, it will utilize image spoofing.

According to the founder of XIXOIO, the AMLSystem will be the next step in the evolution of services from the company. It will offer investors the opportunity for safe investment and a chance for companies to raise the capital they need to grow. All this comes with transparency enabled by XIXOIO innovations that include solutions that are integrated with legal, banking, and regulatory bodies. He added that Acuant was a good partner that will enable them to offer great security. Besides that, they will meet regulatory requirements while causing little distress to their users.

ICO Solution

At the core of XIXOIO system is a new solution called Initial Public Coin Offering. It combines the benefits of the ICO with those of an IPO. The main benefits will be simplicity and ease off the ICO and regulatory control offered by the IPO. The solution named Tokenization will enable safe and credible ways to raise development capital.

The CEO of Acuant said that they were happy to work with XIXOIO, which will solve problems while advancing tech in the blockchain world. He added that Acuant was interested in creating a secure and transparent system of transactions. Thus, this partnership was a great example of them achieving their goals.


Acuant uses AI and human-assisted machine learning to cut fraud. At the same time, ensures that the customer experience is flawless. It is built to scale and meets all AML/KYC rules. Acuants currently holds the record for speed and accuracy in verifying ID. It has various top of the line products such as AssuredID, ID Capture, Chip and Ozone ePassport authentication, and facial recognition. This enables them to verify identity via mobile devices and cloud services. Thus far, it has completed over 3 billion transactions globally. It has partnered with FTSE 350 and Fortune 500 companies. The company also works with startups from various sectors.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today