authID Selected for 2nd Straight Year as “Best ID Management Platform” in 7th Annual FinTech Breakthrough Awards Program
04 Maio 2023 - 9:00AM
authID [Nasdaq: AUID], a leading provider of secure identity
biometric authentication solutions, today announced that for
the second straight year the Company was selected as “Best ID
Management Platform” in the annual FinTech Breakthrough Awards
program conducted by FinTech Breakthrough, an independent market
intelligence organization that recognizes the top companies,
technologies and products in the global Fintech market today.
Recognized again for its innovation in biometric identity
authentication, the authID Verified™ platform continues to secure
market adoption across the Fintech ecosystem with new banks, credit
unions and Fintech SaaS providers. Verified seamlessly secures the
Fintech user journey by establishing a trusted digital identity
during onboarding, and then binding the identity to provisioned
FIDO2 passkeys for a phishing-resistant, frictionless solution.
Eliminating account takeover and password compromise risks,
Verified authenticates users with the ease of a simple biometric
selfie captured within seconds, in-browser on any smartphone,
tablet, or PC. With fast, passwordless authentication and
anti-spoofing “liveness” confirmation, Verified protects the
digital Fintech ecosystem against identity fraud.
“Cyber thieves continue to find phishing, credential stuffing
attacks and account takeovers in Fintech highly lucrative. In fact,
a recent report found that 84% of financial institutions
experienced account takeover, at costs of up to 8% of revenues,”
said James Johnson, Managing Director, FinTech Breakthrough. “By
replacing the risks, costs, and hassles of passwords with
unphishable authentication that converges a trusted digital
identity with device authentication, Verified puts authID in a
class of its own amongst identity providers. Congratulations to
authID on a second consecutive ‘Best ID Management Platform’
award!”
Attracting more than 4,000 nominations, the FinTech Breakthrough
Awards is the premier awards program founded to recognize Fintech
innovators, leaders, and visionaries from around the world.
“We are absolutely delighted to receive the ‘Best ID Management
Platform’ award a second time from FinTech Breakthrough.
Cyberattacks, identity fraud, and account takeover drain Fintech
resources and stagnate innovation,” said Rhon Daguro, CEO of
authID. “Verified stems the risks of increasing fraud with faster,
frictionless, and accurate user identity solutions so Fintech
organizations can focus on designing for the future.”
In the last year, authID also secured several independent
assessments of its technology, including the issuance of a U.S.
patent protecting Verified’s methodology that delivers a
non-repudiable biometric audit trail, an asset critical to fighting
fraud. The Verified platform also achieved certification for ISO
27001:2013 for Information Security Management System (ISMS), and a
perfect score conformance with ISO 30107-3 Level 2 for presentation
attack detection, offering strong protection from spoofing attacks
that have plagued other identity providers.
About authID® Inc.At authID (Nasdaq:
AUID), We Are Digital Identity®. authID provides secure
identity verification and authentication through
Verified™, an easy-to-integrate strong authentication
platform. Verified combines document-based identity
verification with strong FIDO2 passwordless device
authentication and cloud biometrics to deliver identity-first
cybersecurity for both workforce and consumer applications.
Powered by sophisticated biometric and artificial intelligence
technologies, authID establishes trusted digital identities,
binds an identity to provisioned devices, and eliminates the risks
of passwords to deliver the faster, frictionless, and accurate
user identity solutions demanded by today’s digital ecosystem. For
more information, visit www.authid.ai.
About FinTech Breakthrough Part of Tech
Breakthrough, a leading market intelligence and recognition
platform for technology innovation and leadership around the globe,
the FinTech Breakthrough Awards program is devoted to honoring
excellence in Financial Technologies and Services companies and
products. The FinTech Breakthrough Awards provide public
recognition for the achievements of FinTech companies and products
in categories including Payments, Personal Finance, Wealth
Management, Fraud Protection, Banking, Lending, RegTech, InsurTech
and more. For more information
visit FinTechBreakthrough.com.
authID Media ContactGraham
Aradinvestorrelations@authid.ai
authID (NASDAQ:AUID)
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