Fintech Authentication
- Many consumers bank online with virtual banks known as fintechs, not brick and mortar institutions
- Large traditional banks sponsor fintechs which let users interact with an app on their smart device
- authID provides powerful biometric solutions that protect assets from fraudsters
Help Prevent Millions in Financial Losses with Biometric Authentication
Many former customers of traditional financial institutions now do all their banking online, often with fintechs that act as conduits for larger banks. What they provide are friendlier, more convenient connectivity for money movement. But while they don’t necessarily have the resources of those larger banks, they still have all the security and compliance requirements needs. They have the obligation to their clients to firmly verify any returning clients, and guarantee that only the owners of those accounts can access them.
The Fintech Authentication Solution
authID provides an economical and secure approach to onboarding new customers, then authenticating them each and every time they return to manage their assets. Why do customers patronize fintechs over going into a lobby? For the convenience of the experience. That’s also what authID is all about. We make it quick, easy, and secure to create an account by verifying a user’s physical ID followed by their facial biometric. We determine that both are good (meaning live and legitimate) on their own, then match up the images. Once onboarded, a user needs only to provide a selfie through our intuitive interface in order to assert themselves.
Fintechs offer simplicity. That’s what authID is all about, security with that same simplicity, for the user who wants to be safe while on the go.
Money Transfer
Compliance / KYC
Wire Transfer Authentication
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 Fintech
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