Trading
- Profitable stock trading is already a challenge in the best of times
- Criminals take over trading accounts in order to sell shares and steal the proceeds
- authID secures brokerage accounts for their true owners through powerful biometric identity verification
Help Prevent Millions in Financial Losses Using Biometric Authentication for Trading
People with interests in the stock market increasingly turn away from brokers in favor of trading under their own power. But this makes it far easier for fraudsters to hijack those trading accounts. authID prevents money laundering and other scams through secure biometric onboarding, then secures those legitimate trading accounts through biometric authentication.
Solutions for Trading
As FINRA warned back in 2020, brokerage firms need to be vigilant against new accounts being created under false pretenses by identity thieves, while individual account owners need to secure their own trading accounts against takeovers or intrusions.
authID guards against both these types of criminal activities. Our secure onboarding assures brokerage firms that any new applicants are real people and who they claim to be. authID secures individual brokerage accounts so that only the true account owner can buy and sell securities in their name.
Classic identity theft is still all too prevalent, requiring strong identity verification. Deepfakes make it even easier for criminals to establish themselves without the effort required to steal someone’s identity. Besides standard identity theft, authID defends against deepfakes with multi-layered detection capabilities.
Wire Transfer Authentication
Compliance / KYC
Money Transfer
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 Trading
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