Authid Inc. · NASDAQ:AUID
Authid — Ipsidy — Shareholder Meeting (March 2021)
27 slides from Authid's shareholder meeting presentation, Mar 23, 2021
Slide 1: Annual Meeting March 22, 2021
© 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T New York | Bogota | London | Johannesburg OTCQB: IDTY SP EE D ACCURACY S E CU R I T Y T RU S T © 2021 Ipsidy Inc. All Rights Reserved. Annual Meeting March 22, 2021
Slide 2: Notice of Annual Meeting of Stockholders to be held on March 22, 2021
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MARCH 22, 2021 The 2020 Annual Meeting of Stockholders (the “Annual Meeting”) of Ipsidy Inc . will be held virtually by webcast, on March 22 , 2021 , at 10 : 00 a . m . Eastern Time, to consider the below proposals . Due to the public health imp
Slide 3: • This Presentation and the discussion at this virtual Annual Meeting (the “Presentation") has
• This Presentation and the discussion at this virtual Annual Meeting (the “Presentation") has been prepared on the basis of Information furnished by the management of Ipsidy Inc. (“Ipsidy” or the “Company”) and has not been independently verified by any third party. • This Presentation is provided
Slide 4: Company Highlights
© 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T New York | Bogota | London | Johannesburg OTCQB: IDTY SP EE D ACCURACY S E CU R I T Y T RU S T © 2021 Ipsidy Inc. All Rights Reserved. Company Highlights
Slide 5: Financial Highlights Year Ended December 31, 2020
© 2021 Ipsidy Inc. All Rights Reserved. S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T • 2020 Adjusted EBITDA loss - $5.2M – 19% improvement over 2019 Adjusted EBITDA, due to lower overall cash expenses • Total Revenue: 2020 $2.1M vs. 2019 $2.6M – Reflecting Covid - 19 pandemic impact • Net loss
Slide 6: Digital Identity Market Trends
© 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Rights Reserved. SP EE D ACCURACY SECURITY T RU S T Digital Identity Market Trends - 6 -
Slide 7: Identity Market Segments
Identity Market Segments 2022 16.1 18.9 22.1 25.9 30 . 4 35 . 7 2020 2021 2022 2023 2024 2025 Digital Identity and Document Verification Services $10B $12B Multi - Factor A ut h e n t i c a t i on Services Identity - as - a - Service Landscape Global, Digital - Identity Market $36B by 2025 17% CAGR
Slide 8: Digital Transformation is Everywhere
$6.8 Trillion Digital Investment 2020 - 23 1 65% of Global GDP Digital by 2022 1 82% of CEOS confirm digital transformation effort 2 © 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T SP EE D ACCURACY | SECURITY | TRUST - 8 - Digital Transf
Slide 9: Digital Transformation is Everywhere
Digital Transformation is Everywhere 2020 Accelerated Digital Shift 200% April 2020 Increase Mobile Banking Registrants 3 683% & 4,345% Q2 2020 Surge Urgent & Non - Urgent T ele m e dic i n e C a r e 4 Touchless Transactions > More Unknowns © 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d .
Slide 10: The Fear of Identity Fraud
The Fear of Identity Fraud 5 Statista © 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T 6 Panda Security SP EE D ACCURACY | SECURITY | TRUST - 10 - 11,000+ Data Breaches Since 2005 5 1.7+ Billion Records Exposed 5 400% Increase In Scams Q1
Slide 11: The Fear of Identity Fraud
© 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T The Fear of Identity Fraud SP EE D ACCURACY | SECURITY | TRUST - 11 - 7 Javelin Strategy & Research 8 TVTe c h 9 IBM 10 NBC News $16.9B Lost - 2019 US Financial Services 7 $9B Lost - 2019 O
Slide 12: Passwords are Problems
Passwords are Problems 11 Forrester Research Est. $70 Password Reset Costs 11 Passwords Drive High Costs Avg $1M Password Resets staffing and infrastructure 11 Passwords Frustrate Cu s t o me r s footnote © 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I
Slide 13: Passwords are Problems
Passwords are Problems 12 Verizon Passwords Create Security Risks • Same Password Reuse • Data Breaches • Widespread Phishing 81% of Breaches From Weak, Stolen Or Reused Passwords 12 72% Increase • Account Takeovers • 2019 to 2018 13 footnote © 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d
Slide 14: Trusted Identity Unlocks Opportunity
Trusted Identity Unlocks Opportunity 1.7B Unbanked Adults 30% Population 14 Government Digital Identity Programs 1B Adults with No ID 15 14 The World Bank © 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T 15 The World Bank SP EE D ACCURACY
Slide 15: Delivering Speed, Accuracy, Security & Trust
SP EE D ACCURACY © 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Rights Reserved. SECURITY T RU S T Delivering Speed, Accuracy, Security & Trust - 15 -
Slide 16: Clients Confront Multiple Digital Transformation Challenges
Clients Confront Multiple Digital Transformation Challenges Seamless User Experience Fraud Risks Account Takeovers Operational Costs Privacy Regulations Complex Password Resets Touchless Commerce SIM Swaps Phishing Today All Customers Are Digital - 16 - S P EE D | A C CUR A C Y | S ECUR I T Y | T RU
Slide 17: Ipsidy Delivers Identity Certainty Across the Customer Journey
Ipsidy Delivers Identity Certainty Across the Customer Journey Know Who Requested an Account Change Know Who Applied for a Loan… a Credit Card Know Who Logged into Your App Know Who is Using Online Chat Know Who Made a Transfer - 17 - S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy
Slide 18: Transform Identity. One Partner. One Platform.
Transform Identity. One Partner. One Platform. Identity Certainty Valued Transactions Increase assurance with step - up authentication of high - risk transactions. x Reduce risk with a real - time biometric audit trail x Drive customer trust with pro - active transaction verification Identity Certai
Slide 19: Building Partnerships
© 202 1 I p s id y I n c . A l l R ig h ts R e se r v e d . S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Rights Reserved. SP EE D ACCURACY SECURITY T RU S T Building Partnerships - 19 -
Slide 20: Leveraging the Ipsidy Partner Network
Leveraging the Ipsidy Partner Network - 20 - S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Rights Reserved.
Slide 21: Use Case - Delivering Secure, Passwordless Login
Benefits • Increase Identity Assurance • Delight Customers • Lower Support & Password Reset Costs • Increase Security – FIDO2 Cryptography • Reduce Account Takeover Use Case - Delivering Secure, Passwordless Login - 21 - S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Right
Slide 22: Use Case - Securing Digital Banking, Payments & Mobile Wallets
Benefits • Automated, Digital Onboarding • Reduce Fraud • Increase Identity Assurance Use Case Securing Digital Banking, Payments & Mobile Wallets - 22 - S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Rights Reserved.
Slide 23: Use Cases - Securing Video Chat and Health Passports
Use Cases - Securing Video Chat and Health Passports Government & Banking KYC Interviews Safe Access – Airlines, Entertainment, Sports - 23 - S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Rights Reserved.
Slide 24: Use Case - Securing Digital Identity Networks
Use Case - Securing Digital Identity Networks Identity Services Pl a t fo rm U s ers Rel y i n g Parties Trust P r o v ider Govt Telco - 24 - S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Rights Reserved.
Slide 25: Ipsidy Technology Meets Market Demand
Ipsidy Technology Meets Market Demand Digital Transformation Superior B i om e tr i c Identity Proofing Fast, Seamless Liveness D e t e c t i o n Global Identity Docu m e nt Support B i om e tr i c Multi - Factor Au t h e n t i c ation Identity As s uran c e Customer Identity Lifecycle FIDO2 Passwor
Slide 26: Q&A
Q&A - 26 - S P EE D | A C CUR A C Y | S ECUR I T Y | T RU S T © 2021 Ipsidy Inc. All Rights Reserved.
Slide 27: Source footnotes
• 1 Statista “Spending on digital transformation technologies and services worldwide from 2017 to 2023” • 2 Gartner 2019 CEO and Senior Business Executive Survey • 3 CNBC News “Coronavirus crisis mobile banking surge is a shift that’s likely to stick” • 4 Journal of the American Medical Informatics