Latest Research

This content is currently locked.

Your current Info-Tech Research Group subscription does not include access to this content. Contact your account representative to gain access to Premium SoftwareReviews.

Contact Your Representative
Or Call Us:
1-888-670-8889 (US/CAN) or
+1-519-432-3550 (International)

Comprehensive software reviews to make better IT decisions

AU10TIX Receives a $60-Million Investment From TPG Capital

AU10TIX, an identity verification and biometric onboarding company, received a $60-million investment from TPG Capital, valuing the company at $260 million.

The use of proceeds was to reduce the company’s debt. AU10TIX provides cloud-based customer onboarding and know-your-customer (KYC) automation services that use machine learning and image processing. Its services include identity authentication, verification, screening, and advanced biometrics. The company serves a wide array of industries including payments, banking, gaming, travel, and transportation.

Our Take

TPG’s $60-million investment in AU10TIX reinforces the growing global demand for identity verification services that use biometrics.

In developing countries where secure government-issued identification may not exist, there is a large market opportunity for biometric identity authentication and verification.

In the developed world, biometrics are used as a key tool for more efficient client onboarding as well as KYC and anti-money-laundering (AML) surveillance. The global banking industry continues to struggle with ongoing KYC and AML requirements. AU10TIX’s cloud-based automation services that use machine learning and image processing address a large and growing market opportunity in banking.

Want to Know More?

Simplify Identity and Access Management

Identity and Access Management Procedural Policy

Select a Casino Anti-Money-Laundering Compliance Solution

AML Solution RFP Template

AML Compliance SWOT Analysis Template

Visit our Exponential IT Research Center
Over 100 analysts waiting to take your call right now: 1-519-432-3550 x2019