#Cyprus #Nicosia #ISX Financial #Patent Technology #Video KYC

ISX Financial EU plc Announces Patent for Video KYC Technology

ISX Financial EU plc has made significant strides in improving identity verification methods through technology. The company recently announced that its subsidiary, ISX IP Ltd, has been awarded a European Patent for a unique approach to video-based Know Your Customer (KYC) verification, referred to as European Patent 3850508.

Overview of the Patent

This patent, granted on August 6, 2025, offers a fresh alternative to existing solutions for remote identity verification. The technology employs a computer-implemented method that establishes data connections and enables live video streaming to process, compare, and verify various sets of biometric data. This biometric identification can be derived from multiple sources, ensuring a comprehensive identity check. The spectrum of biometric data includes facial recognition, voice analysis, iris scans, gait detection, heart rate monitoring, and fingerprint verification.

What sets this patent apart is its flexibility. The technology can be adapted to leverage different parameters, including using drones for identity verification, catering to markets beyond financial services. This advancement addresses a critical need in a world increasingly reliant on digital solutions.

Addressing Security Challenges

In today's digital landscape, maintaining secure identity verification processes is paramount. The patented technology enables a continuous, secure, and fraud-resistant method of verifying individuals remotely. This not only minimizes the risk of identity theft but also helps businesses adhere to regulatory requirements for customer due diligence.

Moreover, users can experience a frictionless verification process without needing to visit physical offices or undergo additional verification checks, thereby enhancing accessibility and convenience.

Insights from ISX Financial's Leadership

According to Nikogiannis Karantzis, the Managing Director and CEO of ISX Financial EU plc, this invention captures the essence of future identity verification, striking an ideal balance between user-friendliness and high-level security. The CEO expressed excitement about further developing the technology in-house and collaborating with partners across various sectors where trust and security are foundational.

Future Prospects

ISX Financial EU plc is eager to explore opportunities that will enable them to bring this groundbreaking uninterrupted video identity verification technology to market efficiently. The company is also looking into partnerships to maximize its potential reach and impact across different industries.

In conclusion, this patent represents a remarkable leap in the realm of identity verification, positioning ISX Financial EU plc at the forefront of technological innovation in the financial sector and beyond, with the goal of creating safer, more reliable methods for verifying identities in an increasingly digital world. For more details on the patent, interested parties can view the information here.

About ISX Financial EU plc

ISX Financial EU plc is recognized as a leading banktech company dedicated to harnessing its proprietary technology to deliver personalized financial services to businesses across the European Economic Area and the United Kingdom. With a unified payments stack and comprehensive infrastructure, ISX offers a wide range of services, including transactional banking, A2A payments, and foreign exchange capabilities,

For more information, please visit www.isx.financial.