#Cyprus #Identity Verification #Nicosia #ISX Financial #KYC Technology

ISX Financial EU plc Secures European Patent for Uninterrupted Video KYC Technology

In a significant advancement for identity verification, ISX Financial EU plc proudly announces that it has been granted a new European patent by the European Patent Office. The patent, officially numbered 3850508 and titled "Remotely Verifying An Identity of a Person," was awarded on August 6, 2025, with a protective term extending 20 years from the initial application date of September 12, 2019. This innovative technology represents a much-needed evolution in remote identity verification processes, especially in today's digital-first era.

The Need for Enhanced Identity Verification

As online transactions become more prevalent, the demand for secure and effective identity verification solutions has surged. Traditional methods often require in-person visits and tangible documentation, presenting barriers for users and businesses alike. Recognizing these challenges, ISX Financial's latest technology aims to bridge this gap by streamlining the verification process while enhancing security measures.

Key Features of the Patent

The patent introduces a computer-implemented method for remote identity verification that utilizes data streaming and live video feeds. This method enables biometric data capture and analysis through various means, allowing for a match against stored images and other identification data. Key biometric features such as facial recognition, speech patterns, iris and retina scans, heartbeats, and even gait recognition can be processed to establish a reliable user identity securely.

This breakthrough flexibility of the patented technology means it can adapt to utilize multiple parameters and can potentially incorporate autonomous drones for identity verification, thus expanding its applicability beyond the financial services sector.

Addressing Today's Challenges

The invention addresses the pressing need for a robust and efficient identity verification system that can reduce fraud while ensuring compliance with stringent regulatory standards for customer due diligence. By offering a seamless and secure user experience, ISX Financial's technology alleviates the burdens of physical documentation and in-person verification, providing a frictionless pathway for users to verify their identities remotely.

Managing Director and CEO Nikogiannis Karantzis conveyed his excitement regarding the technology, stating, "This invention represents the future of identity verification - frictionless for the user, yet highly secure. We look forward to further developing this technology in-house and collaborating with partners to deploy it across industries where trust and security are paramount."

Future Directions for ISX Financial

With the patent secured, ISX Financial EU plc is now actively seeking partnerships and opportunities to bring its novel video identity verification technology to market on a large scale. This patent further complements the company's existing investment in BeEmotion.ai, providing possibilities for amalgamating the patented technologies to serve a broader range of sectors in the future.

In summary, ISX Financial's innovative technology stands as a testament to the ongoing evolution of identity verification solutions, promising to deliver enhanced security and seamless user experiences for individuals and businesses alike.

For further information, the patent can be viewed at European Patent Office.

About ISX Financial EU plc

ISX Financial EU plc specializes in bank technology, harnessing its proprietary systems to provide customized financial services throughout the European Economic Area and the UK. Their integrated payment infrastructure supports businesses with comprehensive transactional banking services, encompassing A2A payments, forex transactions, remittance, and advanced payment processing capabilities.

For more details, visit their website.