authID Blog

Remote Workforce Demands Biometric Identity Assurance

Posted by Grace de Fries, Chief of Staff Adopting a remote work setup allowed companies and businesses to continue operations while observing quarantine protocols during the COVID-19 pandemic. As the 2020 Future of Work report shows, many executives and recruiting professionals have worries about the health of their i

Hamilton Reserve Bank Completes Temenos End-to-End Digital Transformation using authID technology

https://www.temenos.com/news/2021/08/24/hamilton-reserve-bank-completes-temenos-end-to-end-digital-transformation/

The Genius and Tragedy of FaceID

The Genius and Tragedy of FaceID

Let’s face it…passwords cause problems. One Time Passwords (OTP) & Knowledge-Based Authentication (KBA) questions used for account recovery and authentication frustrate and annoy your customers. They also pose a security risk and can be easily defeated by bad actors. Password resets cost the typical enterpr

Upgrade Your Chatbot’s IQ - Seamlessly Identify Customers with Biometrics

Upgrade Your Chatbot’s IQ – Seamlessly Identify Customers with Biometrics

Advancements in conversational artificial intelligence coupled with the growing consumer demand for better remote customer assistance are driving the adoption of chatbots across industries. Intelligent chatbot applications perform online sales, customer support, and technical support conversations via text or text-to-s

Ipsidy changes its name to authID.ai, taps cloud computing veteran Tom Thimot as new CEO

Ipsidy Inc (OTCQB:IDTY) CEO Tom Thimot tells Proactive the group has changed its name to authID.ai, whilst it undergoes a major rebrand, bringing in new executive leadership and moving its headquarters to Denver. Thimot, the former CEO of private predictive analytics firm Socure, is taking on the same role at authID.ai

Why Organizations Need to Eliminate Passwords – Once and For all

Why Organizations Need to Eliminate Passwords – Once and For all

Enterprises have long used passwords as a deterrent against bad actors trying to access their systems. However, with the many changes transpiring in the digital world, passwords have become a gateway to security risks and a source of frustrations among modern consumers. Often, organizations combine passwords with a sec

Proactive Investors: authID’s biometric identity verification services to be integrated into BPSmart’s chatbot platform

authID.ai (OTCQB:IDTY) CEO Phil Kumnick tells Proactive that AI company BPSmart will deploy authID‘s biometric identity verification services to verify each customer’s identity when interacting with BPSmart’s AI-powered, chat-based Digital Assistant Platform. Kumnick says because BPSmart’s customers

Proactive Investors: authID reports slimmer 1Q loss, recaps busy quarter in financial update

authID.ai (OTCQB:IDTY), the company delivering a suite of biometric identity verification solutions, has announced its first-quarter results, revealing a net loss that narrowed 34% year-over-year. Revenue for the three months ended March 31 was $600,000, compared to $800,000 in the same period of 2020. Net loss was $2.

Digital Banking Goes Passwordless- featured image 2

Digital Banking Goes Passwordless

The accelerated growth of digital financial services, especially during the COVID-19 pandemic, has challenged banks and financial technology (“fintech”) firms to provide a seamless and secure method of authenticating the identity of their customers. Fintech and banks must ensure that only legitimate clients can tra

The Need for More Secure Healthcare Worker Authentication featured image

The Need for More Secure Healthcare Worker Authentication

Electronic health record (EHR) systems have streamlined medical practice workflows, enabling clinicians and other medical staff to coordinate and facilitate healthcare processes such as prescribing medications. Through EHR systems, prescriptions can be generated and transmitted directly to the patient’s preferred pha

The Need for Trusted Age Verification For Cannabis Sales featured image 2

The Need for Trusted Age Verification For Cannabis Sales

The move to legalize cannabis in the United States has rapidly progressed in recent years. In the last year, Arizona, Montana, New Jersey, New York, and South Dakota legalized the sale of cannabis for recreational adult use, with South Dakota and Mississippi also approving medical-use initiatives. Currently, sixteen st

The_Need_for_Identity_Certainty_in_Travel_in_a_Post-COVID_World-02 featured image

The Need for Identity Certainty in Travel in a Post-COVID World

The travel and shared living industries are among the hardest-hit sectors of the economy during the COVID-19 pandemic. Travel restrictions, physical distancing mandates, and social gathering limitations reduced in-person operations, forcing airlines, hotels, and room sharing providers to run at limited capacity, or clo