authID Inc., a leading provider of secure identity verification and authentication solutions, announced today the release of VerifiedTM 3.8, its next-generation platform that protects digital organizations and the full user journey from identity fraud, credential compromise, and account takeover.
Data breaches occur because businesses presume they know ‘who’ is accessing apps and continue to rely on antiquated passwords, pin codes, and secret questions, leaving them vulnerable to rampant phishing scams. The patented biometric identity platform of authID fights these threats by assisting digital organizations in ‘Knowing Who’s Behind the Device,’ while maintaining the greatest levels of security and user ease.
By introducing layers of extra fraudulent document detection, the Verified 3.8 release strengthens our document-based identity verification solution for new customer onboarding. We also improved our user experience for document and selfie capturing and provided our workforce customers with simple self-service onboarding workflows. authID authenticates the genuine account owner’s identity every time with the convenience of a short selfie recorded and approved in sub-second speed.
authID is at the cutting edge of accuracy and speed. Our capacity to complete backend processing of biometric identification verification in 700 milliseconds vastly outperforms our competitors, who, according to customer testing, offer rates of 4 to 9 seconds. To put it another way, authID’s platform offers identity trust at rates 5 to 10 times faster than competitors.
“The continued innovation of the authID next-generation identity platform delivers the fast, frictionless, and precise user identity authentication demanded by today’s digital ecosystem,” stated Rhon Daguro, president and CEO of authID. “authID is dedicated to ensuring enterprises ‘Know Who’s Behind the Device’ while providing a simple, frictionless user experience.” Our next-generation biometric authentication rapidly and precisely verifies a user’s identity, eliminates assumptions about ‘who’ is behind a device, and stops fraudsters from accessing accounts and taking assets.”
Our product, engineering, and development teams additionally prioritized efforts to ensure maximum platform uptime and availability, improve accuracy and speed, and increase first-pass transaction success rates with this latest version. Aris Green has been appointed Senior Staff Engineer at authID in order to address market and customer needs for additional product features to our identification platform. Mr. Green has over twenty years of expertise in developing software for Linux and Windows using Open Source and Microsoft technologies. His pay package includes a base salary and options to purchase 15,000 shares of new Common Stock at a price of $6.13 per share, in accordance with Nasdaq Rule 5635(c).