authID Inc. (Nasdaq: AUID), a leading provider of innovative
biometric identity verification and authentication solutions, today
announced several new client deployments during the first quarter
of 2024, driving greater customer satisfaction, and increased
quarterly revenue for authID.
With adversarial generative AI increasing the effectiveness and
frequency of social engineering fraud, deepfakes, and ransomware
attacks, it is critical for the digital economy to verify users,
especially privileged users whose accounts are the most dangerous
in the wrong hands, and to verify them early and often. To that
end, authID worked closely with several recently signed direct
customers, including a lending fintech company, a digital wallet
provider, and a social commerce innovator to launch authID’s
biometric identity proofing and verification services. The Company
also onboarded additional customers through authID’s channel
partners, who represent force multipliers in the market.
“authID continues to generate strong momentum with the completed
implementations of new customers in the first quarter, thus
enabling us to recognize revenue from those contracts,” said authID
CEO Rhon Daguro. “Our team is also working diligently to launch
additional customers live that were booked in 2023. Following the
hard work done last year to turn authID around, 2024 is the year we
expect to establish stable revenue growth and build our pathway to
success.”
These recently launched customers turned to authID for
best-in-class biometric expertise to protect their corporate data,
employees, and consumers by “knowing who’s behind the device.”
Through the integration of authID’s patented identity platform,
these organizations streamlined day zero onboarding with greater
accuracy and operational efficiency. By providing an enhanced user
experience, enterprises accelerate enrollment, reduce the risk of
abandonment, and accordingly enhance their revenue.
“A key authID value proposition is our frictionless user
experience, for both workforce and consumers. Digital identity
verification and authentication must be user-friendly so that
consumers don’t take their business elsewhere, and employees
quickly adopt corporate security standards,” said Daguro. “Our
biometric identity platform delivers speed and accuracy, processing
captured images, and identifying them as legitimate or, when
necessary, fraudulent, all within a market-leading 700
milliseconds. authID protects the burgeoning digital economy
against today’s rampant cyberattacks, providing our clients the
confidence that user authentications are proper and precise, and
completed in record time.”
Daguro added, “We also value our relationships with our channel
partners. They speed up our entry into the verticals they service,
and introduce us into their target markets, thereby increasing the
breadth of our opportunities. These business and technology
partners are subject matter experts in their own fields and have
carefully selected authID’s platform and products to broaden their
support of their customers. In return, we give them the best
service and sales support possible, which ultimately benefits our
mutual customers.”
“You can say there are two major use cases, workforce and
consumers,” Daguro said in conclusion. “We help our customers
onboard legitimate consumers more efficiently, which eliminates
fraud and shortens their own time to revenue. For workforce, we
help our customers get their employees productive more quickly and
ensure the integrity of their identities to protect their corporate
assets from well-orchestrated phishing and deep fake attacks
targeting their systems.”
Any organization wishing to create a superior user experience
while streamlining their onboarding process and safeguarding
against fraud is encouraged to Contact us.
About authID authID (Nasdaq: AUID) ensures
cyber-savvy enterprises “Know Who’s Behind the Device” for
every customer or employee login and transaction. Through
its easy-to-integrate, patented, biometric identity platform,
authID quickly and accurately verifies a user’s identity,
eliminating any assumption of ‘who’ is behind a device and
preventing cybercriminals from taking over accounts. authID
combines digital onboarding, FIDO2 login, and biometric
authentication and account recovery, with a fast, accurate,
user-friendly experience – delivering identity verification in
700ms. Establishing a biometric root of trust for each user
that is bound to their accounts and provisioned
devices, authID stops fraud at onboarding, eliminates password
risks and costs, and provides the faster, frictionless, and
more accurate user identity experience demanded by
operators of today’s digital ecosystems. For more information, go
to www.authID.ai.
authID Media ContactRhon
DaguroCEOinvestorrelations@authid.ai
Forward-looking Statements
This Press Release includes “forward-looking statements.” All
statements other than statements of historical facts included
herein, including, without limitation, those regarding future
customer implementations and activities, the future results of
operations, growth and sales, revenue, cash flow, cash position and
financial position, business strategy, plans and objectives of
management for future operations of both authID Inc. and its
business partners, are forward-looking statements. Such
forward-looking statements are based on a number of assumptions
regarding authID’s present and future business strategies, and the
environment in which authID expects to operate in the future, which
assumptions may or may not be fulfilled in practice. Actual results
may vary materially from the results anticipated by these
forward-looking statements as a result of a variety of risk
factors, including the Company’s ability to attract and retain
customers; successful implementation of the services to be provided
under new customer contracts; the Company’s ability to compete
effectively; changes in laws, regulations and practices; changes in
domestic and international economic and political conditions, the
as yet uncertain impact of the wars in Ukraine and the Middle East,
inflationary pressures, increases in interest rates, and others.
See the Company’s Annual Report on Form 10-K for the Fiscal Year
ended December 31, 2023 filed at www.sec.gov and other
documents filed with the SEC for other risk factors which investors
should consider. These forward-looking statements speak only as to
the date of this release and cannot be relied upon as a guide to
future performance. authID expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any
forward-looking statements contained in this release to reflect any
changes in its expectations with regard thereto or any change in
events, conditions, or circumstances on which any statement is
based.
authID (NASDAQ:AUID)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
authID (NASDAQ:AUID)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024