Apple announced at its Worldwide Developer Conference this week that it will launch passwordless logins across its products this fall, dubbed by WIRED as “the first major real-world shift to password elimination.” And while Apple’s rollout of passkeys is a huge step...
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Hamilton Reserve Bank and Verified by authID Recognized by Fintech Futures for Fraud Protection Technology
The value of our Verified biometric authentication platform was on prominent display in Fintech Futures Banking Tech recent award to Hamilton Reserve Bank (HRB) for “Best Use of Risk, Compliance & Fraud Protection Technology”. The authID Verified platform competed...
We Are Digital Identity – Why Identity Management Day Matters to All of Us
Over the past two years, businesses of all sizes across many industries have experienced the demand for rapid digital transformation. At the same time, our collective increased reliance on digital networks created an open season for cybercriminal opportunists to...
Data Breaches Strike Through Third-Party Compromise (passwords are to blame, again)
In our May 30, 2021 blog, Why Organizations Need to Eliminate Passwords – Once and For All, we talked about how passwords have become a gateway to security risks. A few successful cyber breaches stand out on this front. In early 2020, hackers infiltrated the file...
Introducing Verified CloudConnect for Microsoft Office 365
authid.ai Adds ‘Selfies’ as a Second Factor for Authentication for Microsoft Office 365 Application Access authID.ai has officially released its newest solution for the workforce, Verified CloudConnect for Microsoft Office 365. Users on Microsoft ADFS can now...
2021 Fintech Security Report: Identity Authentication Risks and Customer Dissatisfaction Top List of Concerns
During the fintech industry conference Money 20/20 USA, authID.ai and independent market research firm Market Measurement conducted a survey of 113 technology and banking decisionmakers to assess attitudes toward legacy and cutting-edge identity authentication...
Calling All FinTech Innovators – It’s Time to Eliminate Passwords
Financial technology or “FinTech” has disrupted traditional banking providers by making financial processes easier, faster, and more convenient for users. The adoption rate for FinTech around the world grew from 16% in 2015 to 64% in 2019, according to Ernst and...
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...