TASCET Selected to Showcase Financial ICONN™ at FinovateSpring 2012

Financial ICONN Eliminates Synthetic Identities and Strengthens Compliance Efforts

MADISON, Wis. – TASCET (www.tascet.com), creators of a multi-industry Identity Infrastructure, today announced CEO Larry Aubol will present Financial ICONN at FinovateSpring 2012 in San Francisco May 8 and 9. Financial ICONN (www.tascet.com/#financial), a digital representation of a customer’s identity used when conducting transactions, is the company’s flagship offering in the financial services industry.

Finovate is the conference series that showcases innovations in financial and banking technology from both leading established companies and up-and-coming companies like TASCET. Activated through TASCET’s Identity Infrastructure, Financial ICONN prohibits fraudulent transactions and provides powerful fraud prevention and investigation capabilities that are not presently available to the financial industry. It prevents imposters from using multiple or synthetic identities across different financial services institutions to commit fraud. “Financial ICONN gives institutions a tool that engages customers in the fight against fraud,” said Noah Kunin-Goldsmith, business development director at TASCET. “Finovate’s unique format and focus on financial technology innovations provides the perfect platform to demonstrate ICONN’s impact and ease of use.” The Financial ICONN:

  • Offers a strong, efficient approach to KYC and AML compliance.
  • Prevents identity fraud in new accounts and stops many fraudulent transactions before they occur.
  • Eliminates reliance on Social Security numbers for customer identification and account matching.
  • Provides an identifier that remains with the customer regardless of changes in name, address or financial institution.

Finovate Presentation Details: Who: Larry Aubol, founder and CEO, TASCET What: Financial ICONN: The End of Synthetic Identities When: May 8 or 9 Where:Concourse Exhibition Center, 635 8th Street (at Brannan) San Francisco “FinovateSpring 2012 was extremely competitive and generated a record number of entries,” said Eric Mattson, CEO of The Finovate Group. “TASCET’s approach to compliance and fraud with Financial ICONN clearly stood out.” About TASCET Founded in 2005 and based in Madison, Wis., TASCET built an Identity Infrastructure that is available to organizations in the financial services, healthcare, education, cyber and government sectors.  The Identity Infrastructure serves as the backbone for Technology as a Service (TaaS), enabling businesses to confirm an individual’s identity as they move between organizations or industries. The Infrastructure helps organizations maintain data integrity, meet compliance, and eliminate the use of government-issued identifiers while restoring consumer privacy. TASCET is non-transactional and does not data mine, sell information or monitor transactions. Visit www.tascet.com for more information. About FinovateSpring FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit http://www.finovate.com/spring2012.