Slide 1: Biometric authentication is the heart of digital transformation
© 2022 authID.ai. All Rights Reserved. New York | Bogota | London | Johannesburg NASDAQ : AUID © 2022 authID.ai. All Rights Reserved. Biometric authentication is the heart of digital transformation Falling Behind Is Not An Option CONFIDENTIAL
Slide 2: - This Presentation and information provided at the meeting at which it is presented
© 2022 authID.ai. All Rights Reserved. - 2 - This Presentation and information provided at the meeting at which it is presented (the “Presentation") has been prepared on the basis of information furnished by the management of authID.ai or Ipsidy Inc. (“authID.ai” or the “Company”) and has not been i
Slide 3: Key Accomplishments - 2021
© 2022 authID.ai. All Rights Reserved. Key Accomplishments - 2021 June 14, 2021 - 3 - • Powering innovative and differentiated consumer experiences to drive growth and revenue • Self - service implementation with developer portal & cut/paste code • Launch of Cloud|Connect – embed Verified to IAM Tec
Slide 4: Building the Team
© 2022 authID.ai. All Rights Reserved. Building the Team - 4 - Tom Thimot Chief Executive Officer, Director Tripp Smith President & Chief Technology Officer Peter Curtis Chief Marketing Officer Grace de Fries SVP MarCom & Investor Relations Jeremiah Mason SVP, Product Steve Fazio SVP, Sales Joe Schw
Slide 5: Our Vision: Authentication will be "Stepped Up"
© 2022 authID.ai. All Rights Reserved. Our Vision: Authentication will be “Stepped Up” - 5 - LEGACY AUTHENTICATION • High Friction • Low Security BIOMETRIC AUTHENTICATION • Low Friction • High Security Identity Verified • Something you have (device) • Something you are (Biometric) • Indisputable Aud
Slide 6: Our Mission: Stop Fraud with Strong Identity Assurance
© 2022 authID.ai. All Rights Reserved. © 2021 authID.ai. All Rights Reserved. Our Mission Stop Fraud with Strong Identity Assurance Recognise Your Customer without friction, whenever and wherever they transact. - 6 -
Slide 7: Biometric authentication is the heart of digital transformation
© 2022 authID.ai. All Rights Reserved. New York | Bogota | London | Johannesburg NASDAQ : AUID © 2022 authID.ai. All Rights Reserved. Biometric authentication is the heart of digital transformation Falling Behind Is Not An Option
Slide 8: We now live in a digital economy
© 2022 authID.ai. All Rights Reserved. - 8 - We now live in a digital economy “What we are seeing now is the greatest acceleration of digital banking in history . ” - American Banker
Slide 9: Passwords aren't working anymore
© 2022 authID.ai. All Rights Reserved. - 9 - Passwords aren’t working anymore 400% Rise in OTP compromise via SIM swap fraud in just 5 years Which 2 80% of data breaches relate to password compromise Verizon 1 * * * Sources : 1. Verizon cited here ; 2. Which
Slide 10: The transformation gap
© 2022 authID.ai. All Rights Reserved. - 10 - The transformation gap 1.4BN+ consumers will use facial biometrics for payments by 2025 Juniper Research 1 • 57% would prefer passwordless authentication 2 • 80% are comfortable with biometric authentication 3 • Facial recognition is now perceived as the
Slide 11: Password-related problems cost smaller banks $12.5M+ annually
© 2022 authID.ai. All Rights Reserved. $12.5m Password - related problems cost smaller banks $12.5M+ annually Sources & Calculations : See slide notes. P/W fraud: $7.63M 1 Password and OTP compromise Account takeover Compliance: $2.13M 2 KYC/KYB breaches Fines for non - compliance P/W reset: $2.13M
Slide 12: Password-related problems stand in the way of 3.8% growth
© 2022 authID.ai. All Rights Reserved. - 12 - 3.8% added revenue opportunity for traditional banks able to: • Embrace new business models • Align to new customer expectations • Quickly onboard customer to new products Source : Accenture , USA, The Future of Banking , 2021 And password - related prob
Slide 13: Authentication is driving the new way
© 2022 authID.ai. All Rights Reserved. - 13 - Sources: 1. Roland Berger, 2021 research cited by consultancy.eu ; 2. Experian , Global Identity Fraud Report , 2021. 3. Mordor Intelligence 2021 Report 22.7% Projected CAGR for the Biometrics as a Service Market 2021 to 2026 . Mordor Intelligence 3 92%
Slide 14: What authID does
© 2022 authID.ai. All Rights Reserved. - 14 - What authID does authID verifies who you are authID binds you to an identity authID verifies your identity whenever necessary 1 2 3
Slide 15: Fraud-prone authentication vs. secure fraud-proof authentication
© 2022 authID.ai. All Rights Reserved. - 15 - Fraud - prone authentication Secure Fraud - proof authentication Password based (knowledge based) Unique Selfie based (of individual user) Multiple app / browser tab authentication Simple In browser, no additional apps needed Tied to dedicated devices Po
Slide 16: How passwords fail you, how authID transforms your business
© 2022 authID.ai. All Rights Reserved. - 16 - How passwords fail you How authID transforms your business User * * * * * * * Password Partially verified User Biometric Verified Fraud - prone Knowledge based Frustrating user experience Fraud - proof Selfie based All in one place, frictionless Integrat
Slide 17: Start your journey today
© 2022 authID.ai. All Rights Reserved. - 17 - Start your journey today With easy customization and simple cut - and - paste integration Customize your integration Further integrations come… authID is an API first company – anyone can integrate us with just a few lines of code authID Cloud | Connect
Slide 18: Our immediate next steps
© 2022 authID.ai. All Rights Reserved. Our immediate next steps - 18 - 1 2 Get going with a limited deployment for a few thousand users and transaction authorizations. Assess outcomes of trial, needs and requirements going forward. 3 AuthID to present a full tailored proposal and pricing options for
Slide 19: Sample Case Studies
© 2022 authID.ai. All Rights Reserved. Redacted to exclude MNPI Sample Case Studies New York | Bogota | London | Johannesburg NASDAQ : AUID © 2022 authID.ai. All Rights Reserved.
Slide 20: Sales Cycle Benchmarks
© 2022 authID.ai. All Rights Reserved. • Launched Verified platform October 24, 2021 • Upgraded to Verified V2.4 on January 21, 2022 • Majority of SaaS Sales Cycles to new customers take between 4 - 12 months • Majority of up - sell Sales Cycles to existing customers is 1 - 6 months • In Dec. 29, 20
Slide 21: Six Steps to creating a new Enterprise SaaS offering
© 2022 authID.ai. All Rights Reserved. Six Steps to creating a new Enterprise SaaS offering - 21 - Market MVP 1 Sell Proof of Value 2 Customer Implemen - tation 4 First User Subset Goes Live 5 6 Cross - sell & Upsell Enterprise Wide 3 Iterate with POVs. Book Contracts
Slide 22: Proof of Value [POV] Examples
© 2022 authID.ai. All Rights Reserved. - 22 - Proof of Value [POV] Examples • Company has complex and costly processes to verify identity of new merchants verify the identity of risky consumer transactions. • Proving the value of Verified in the onboarding of merchants and selective consumers that e
Slide 23: Customer Pipeline Examples
© 2022 authID.ai. All Rights Reserved. - 23 - Customer Pipeline Examples • Potential value derived: – Eliminating fraud – Stopping account takeover – Combating friendly fraud Fintech Money Transfer Platform iGaming • Potential Value derived: – Enhancing identity assurance and age at onboarding – Imp
Slide 24: Two Years Prior and Post IPO Comparable Growth Rates
© 2022 authID.ai. All Rights Reserved. Two Years Prior and Post IPO Comparable Growth Rates New York | Bogota | London | Johannesburg NASDAQ : AUID © 2022 authID.ai. All Rights Reserved.
Slide 25: SaaS ARR Growth Comps Pre and Post IPO
© 2022 authID.ai. All Rights Reserved. - 25 - SaaS ARR Growth Comps Pre and Post IPO (Think Equity) Two years prior to IPO, the average ARR CAGR was a 285%
Slide 26: Material Non-Public Information
© 2022 authID.ai. All Rights Reserved. Material Non - Public Information New York | Bogota | London | Johannesburg NASDAQ : AUID © 2022 authID.ai. All Rights Reserved.
Slide 27: Financing facility and cash position
© 2022 authID.ai. All Rights Reserved. • authID.ai has secured a financing facility of ~$20 million USD to provide working capital necessary to become a leader in biometric authentication. • $X million has been drawn and added to our balance sheet. • Our cash balance today is ~$Y million. • authID .