Healthcare
authID selected by First Mile Labs for Biometric Identity Verification of Employees for Financial Organizations
UK-based provider of compliance solutions for financial services adds authID’s biometric identity technology to their platform for secure and efficient onboarding DENVER, July 16, 2026 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced it has been selected by First Mile Labs for biometric identity verification, enhancing First Mile’s ability to deliver trusted individuals for onboarding to their UK-based
About this update from Authid Inc.
UK-based provider of compliance solutions for financial services adds authID's biometric identity technology to their platform for secure and efficient onboarding DENVER, July 16, 2026 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced it has been selected by First Mile Labs for biometric identity verification, enhancing First Mile's ability to deliver trusted individuals for onboarding to their UK-based banking and other financial services clients. While financial institutions typically spend millions on compliance initiatives, onboarding still presents one of their largest risks, in that fraudulent employees regularly steal IP or other assets, as well as cripple victim companies with ransomware. According to Growth Market Reports, losses inflicted by fake employees were $4.1 billion in 2024, and are expected to triple by 2033, as identity theft and AI-generated fraud become even more prevalent. authID's identity verification solution excels in multiple areas in determining the identity of each individual: Adding previously unknown persons to a workforce requires strong identity verification, as well as the efficiency of an orchestrated framework that allows organizations to leverage existing tools, and streamline the effort of onboarding at scale while reducing risk and enforcing compliance. "Our clients leverage our no-code platform in order to onboard only trusted individuals and organizations," explained Matthew Goodbody, founder of First Mile Labs. "authID elevates our ability to deliver those trusted identities with frictionless biometric verification. authID's purpose-built platform integrates with our own seamlessly. Together we bring a powerful, trusted orchestration model for high-volume identity validation." First Mile's platform for corporate onboarding provides multiple value propositions for organizations as they hire new employees. First, onboarding journeys are optimized from weeks to days. Manual reviews are likewise compressed. Disparate tools that are existing parts of the onboarding flow are managed by the First Mile solution to enhance the security and efficiency of the process. The addition of authID's biometric verification to the flow adds a strong layer of identity integrity.