Business
authID Partners with DataVisor, A Leading Fraud and Risk Platform, Through Global OEM Agreement
Partnership to integrate and deliver authID’s next-gen biometric identity solutions to DataVisor’s global financial services and large enterprise customers
About this update from Authid Inc.
[{"type":"text","content":"Partnership to integrate and deliver authID’s next-gen biometric identity solutions to DataVisor’s global financial services and large enterprise customers DENVER, Aug. 08, 2024 (GLOBE NEWSWIRE) -- authID Inc. [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions, and DataVisor, the world’s leading AI-powered fraud and risk prevention platform, today announced they have signed an OEM agreement to integrate authID’s biometric services in fighting identity fraud, and malicious, generative AI-driven deepfakes. “Our partnership with DataVisor further validates authID’s superior solutions for defeating deepfake attacks and fraud, while advancing our go-to-market strategy to distribute our solutions through leading financial services technology providers,” said Rhon Daguro, CEO of authID. “Our market-leading biometric solutions ensure DataVisor’s enterprise customers ‘Knows Who’s Behind the Device™’ with speed, accuracy and precision. Our combined solutions offer a compelling risk toolset that streamlines account onboarding of good customers and stops cybercriminals from performing account takeovers and seizing assets, while delivering the fastest, frictionless, and most accurate user identity experience.” Today, the scale of financial crimes is rapidly growing with adversarial generative AI increasing the frequency of deepfakes, social engineering fraud and ransomware attacks on financial services and digital payments providers. Needing a leading identity assurance partner to defeat these challenges, DataVisor recognized the value of authID’s next-gen biometric identity life-cycle platform, ease of integration, and market-leading 700 milliseconds biometric processing. Under the agreement, DataVisor’s comprehensive fraud and risk management platform will now seamlessly integrate with authID’s automated biometric identity verification and biometric authentication to streamline and secure digital consumer onboarding and ongoing authentication for DataVisor’s FinServ customers. “Our vision has always been to create a comprehensive, end-to-end platform that effectively combats all forms of financial fraud,” said Yinglian Xie, CEO and Co-Founder of DataVisor. “By partnering with authID’s trusted biometric solutions, we are enhancing our defenses against today’s AI-driven phishing scam...