ISX Financial EU PLC is pleased to announce that his 100 % subsidiary, ISX IP LTD, has been informed of the decision of the European Patent Office to grant ISX IP LTD another European Patent 3850508 – Remotely Verifying an Identity of a Person – (Check identity by distance access). The European patent was granted on August 6, 2025 and has a term of 20 years from the registration day, i.e. September 12, 2019.
Application and advantages
The patent offers a new and inventive alternative to the current market solutions for video “Know your Customer” (KYC). With the help of a computer-implemented procedure for the remote check of the identity of a user, the patent creates a data compound and a live video streaming in order to be received, received and checked by various sentences of biometric data that have been derived and collected by identification data.
Data processing devices can use technologies to identify biometric data such as face, language, iris, retinal, gait, heart rate or fingerprint features, and to compare these biometric features with stored data, photographic images and/or video sources.
The broad character of the patent allows different parameters to be configured. In particular, he can provide for the use of (autonomous or controlled) drones to identify and review people for applications outside of financial services.
This groundbreaking technology creates a continuous, safe and counterfeiting method of identity check from a distance and thus solves one of the most urgent challenges in today’s digital world. Maintaining a robust identity check (solution/software) by remote the identity of an end user/customer helps companies to reduce the fraud in the identity check, to ensure strict compliance with strict legal regulations for the duty of care towards customers and to offer seamless, secure user experiences from a distance, without having to take personal trips to take offices of To seek people who are qualified to certify copies of ID documents or to have to carry out additional identity reviews.
“This invention represents the future of the identity check – without friction losses for users and yet highly secure,” added Nikogiannis Karantzis, managing director and chairman of the CEO of ISX Financial EU PLC. “We look forward to further developing this technology internally and also working with partners to use them in industries where trust and security come first.”
“This patent also complements our investment in Beemotion.ai, whereby the patented technologies of both companies can be combined in order to potentially use other sectors that go beyond those targeted today.”
What’s next?
ISX Financial EU PLC is actively looking for opportunities and partnerships to launch the technology for interrupting-free video identity examination on a large scale.
The patent can be viewed by clicking the following link.
https://register.epo.org/application?number=EP19860170
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ISX Financial EU PLC is a leading BankTech company that uses its own technology to offer companies in the entire European Economic Area and the United Kingdom. The uniform payments and the company’s infrastructure offer companies complete end-to-end functions for transaction banking, A2A payments, foreign exchange trading, transfer and payment processing.
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