Business Banking
- Business banking represents much larger amounts than in consumer banking
- With deepfakes, huge frauds have been pulled off at high financial levels
- authID biometrics help ensure high-value, high-risk transactions are not fraudulent
Help Prevent Millions in Financial Losses and Liabilities Using Biometric Authentication
Assuming that company leaders are who they claim to be is a bad risk. Individual-based fraud is a fraction of the dollar amounts that can be stolen through fake businesses.
Solutions for Business Banking
Just as importantly, if not more importantly, as identifying individual consumers, business officers must be properly vetted before large scale transactions can be completed. Loans, lines of credit, and other business interests extended to organizations represent elevated amounts. authID provides confidence to business bankers that they are dealing with the right people, validating IDs and individuals as a precursor to more industrial scale transactions.
Deepfakes have been in the news in a big way for massive business fraud. authID ensures that any individual, regardless of whatever identity or title they present, is who they claim to be
Deepfake Protection
Compliance / KYC
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 Business Banking
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