Covercy Cross-Border Payments Provider Deploys AU10TIX ID Authentication Onboarding Service for Online Cross-Border Payment Solutions

Published by Au10tix


Covercy, a provider of online international cross-border payments which eliminates the hidden costs and fees associated with money transfers handled by banks, now powers customer onboarding and KYC with 2nd generation customer ID authentication and record generation technology. Covercy’s clients can benefit from seconds-fast response speed and deep, multi-factor ID forgery forensics that are unique to 2nd generation technology.

“With more than 20% in monthly growth of new customers – we use AU10TIXto mitigate fraud risks and accelerate our in-house onboarding processes. AU10TIX strengthens our fraud control”, says Gonen Tiberg, CTO of Covercy: “We can keep an easy to use, streamlined process for new clients that are normally used to offline, slow, and inefficient workflows with their current bank. Our clients are just amazed at how fast & simple it is to start making international payments with Covercy!”, Gonen adds: “Implementing AU10TIX BOS is an important step and it helps us with ID fraud detection at a level that can exceed human capacity. Better, faster and a much safer service is in Covercy’s DNA. This technology helps us stay ahead of the game”.

About Covercy

A provider of online international cross-border payments, Covercy eliminates the hidden costs and fees associated with money transfers handled by banks. A conventional bank transfer requires three banks to complete: the sender, an intermediary, and a receiver. Instead, Covercy offers a peer-to-peer solution that uses fast and low-cost local payment networks. From start to finish, the transaction takes 24–48 hours—and costs a fraction of the fee typically charged by banks. The highly secure platform complies with rigorous regulatory requirements. The company supports 25+ currencies and a global customer base that includes mostly SMBs and individuals.