Auto Financing Authentication
- Automotive loans represent a large opportunity for scammers
- Fraudsters supply fake identities, backed up by fake documents, to secure loans they’re not entitled to
- Document verification with biometric authentication can eliminate the risk of fraud from illegitimate applicants
Biometric Authentication for the Auto Financing Industry
Online automotive financing fraud is at all time highs and its become far easier to create synthetic IDs. These crimes threaten the industry like few other trends, resulting in billion in losses as well as major KYC and compliance issues.
Solution for Automotive Loans
How do you continue to do business at a time when you can not trust traditional IDs, passwords or even basic email? The answer is biometric authentication that uses live faces of users and matches them to goverment IDs. It’s 1 in 1 Billion False Match Rate Accuracy and takes less than 700ms to complete.
AuthID integrates with over a dozen major platforms including Okta, Auth0, Microsoft, CyberArk, Ping, Beyond Identity and more. We support use cases from money/wire transfer, identity verification, passwordless authentication and account takeover protection, all with one of the fastest, most accurate biometric authentication APIs in the industry. We have a free 30 day trial and you can be up and testing biometrics on your platform in under an hour.
Money Transfer
Identity Verification
Account Takeover Protection
Speed & Accuracy
Biometrics and liveness detection are irrefutable in determining proof of life, and when correlated with a physical ID, can authenticate users remotely and securely.
vs. 7 Seconds — 10x Faster Authentication Time
1 in 1 Billion
False Match Rate Accuracy
Zero
Biometrics Stored — Supports Global Compliance With Our New No-Biometric Storage Solution
Test Our Biometric Authentication for Auto Financing
Step 1
Set up a quick biometric demo or free trial in minutes.
Step 2
Test API calls, user experience, and the admin portal in the cloud or on-premise.
Step 3
Finalize your testing and agreement to go live.
authID Has Verified Over 1 Million Identities
The authID biometric verification stack is used by millions of users at some of the top fintech, financial services, medical and hospitality companies.
Providing our valued customers with a seamless identity experience was paramount to our digital transformation and growth. authID helped HRB comply with rigorous regulatory programs through secure identity verification and facial biometric matching of the customer. Biometric authentication has helped us eliminate passwords, and secure critical customer transactions. We look forward to expanding our collaboration with authID to support our rapid global expansion into new markets.
Prabhakar Kaza, CEO
According to IBM Cost of a Data Breach Report - 2023
The average data breach in the US last year cost business $4.4M. Biometric verification would have helped stop it.
Set up a free 30-day trial today to help prevent a data breach!
According to IBM Cost of a Data Breach Report - 2023