authID Inc. Partners with Kaiasoft.com to Elevate Best-In-Class SaaS Applications with Biometric Identity Assurance

Rhea-AI Summary

authID Inc. (Nasdaq: AUID) and Kaiasoft.com have partnered to enhance SaaS applications with biometric identity assurance. This collaboration aims to combat AI-driven cyberattacks and deepfakes for Kaiasoft.com's clients across America and Europe. Key points include:

1. Kaiasoft.com will resell and integrate authID's biometric solutions.
2. authID's platform offers document-based identity verification and facial biometric matching.
3. The partnership targets improved security, user experience, and reduced support costs.
4. authID's solution processes images and identifies users within 700 milliseconds.
5. A cannabis ecommerce platform is their first joint customer.

This partnership addresses the growing threat of sophisticated fraud in digital enterprises, particularly in ecommerce and healthcare sectors.

Positive

• Partnership with Kaiasoft.com expands authID's market reach in America and Europe
• Integration of authID's biometric solutions into Kaiasoft.com's client portfolio
• First joint customer secured in the cannabis ecommerce sector
• authID's platform processes and identifies users within 700 milliseconds
• Potential for reduced customer support costs and user abandonment rates by up to 50%

Negative

• None.

Insights

Tech Expert

The partnership between authID and Kaiasoft.com marks a significant step in enhancing cybersecurity for SaaS applications. This collaboration addresses critical challenges in the digital landscape, particularly the rise of AI-driven cyberattacks and deepfakes.

Key points to consider:

• Advanced Biometric Solutions: authID's technology offers document-based identity verification and facial biometric matching, providing a robust defense against sophisticated fraud attempts.
• Performance Metrics: The system boasts an impressive 700 millisecond processing time for user identification, setting a new industry standard for speed and efficiency.
• Market Expansion: This partnership allows authID to extend its reach across America and Europe, potentially leading to significant market share growth.
• User Experience Enhancement: The implementation of passwordless authentication could reduce support inquiries and user abandonment by up to 50%, improving overall user satisfaction and retention rates.

While the partnership shows promise, investors should monitor the adoption rate among Kaiasoft.com's clients and any potential regulatory challenges in different markets. The success of this venture will largely depend on the seamless integration of authID's technology into Kaiasoft.com's existing SaaS ecosystem and the ability to demonstrate tangible benefits to end-users.

Cybersecurity Analyst

The authID-Kaiasoft.com partnership represents a significant advancement in combating emerging cybersecurity threats, particularly those leveraging generative AI and deepfake technologies. Here's why this matters:

• Proactive Approach: By integrating biometric identity verification, the partnership addresses the growing sophistication of cyber attacks before they become widespread problems.
• Comprehensive Security: The solution covers multiple aspects of digital security, from account creation to ongoing authentication, creating a more robust defense against fraud.
• PAD Level 2 Accuracy: This level of Presentation Attack Detection is important for thwarting advanced spoofing attempts, significantly enhancing the security posture of Kaiasoft.com's clients.
• Regulatory Compliance: Enhanced identity verification can help businesses meet increasingly stringent regulatory requirements, particularly in sensitive sectors like healthcare and cannabis e-commerce.

However, it's important to note that as biometric systems become more prevalent, they may become targets themselves. Investors should keep an eye on authID's ongoing security measures and their ability to adapt to new threats. Additionally, the success of this partnership will depend on how well authID can scale its services to meet the demands of Kaiasoft.com's diverse client base across different regions.

authID to stop malicious, generative AI-driven cyberattacks and deepfakes for
Kaiasoft.com SaaS clients across America and Europe

DENVER, July 31, 2024 (GLOBE NEWSWIRE) -- authID.ai [Nasdaq: AUID], a leading provider of innovative biometric identity verification and authentication solutions, and Kaiasoft.com, a best-in-class provider of scalable and reliable SaaS applications, today announced they have signed a reseller agreement to expand the availability of authID’s biometric capabilities to Kaiasoft.com clients across America and Europe. Kaiasoft.com will now resell and integrate authID’s biometric identity solutions within their client portfolio to deliver the fastest, frictionless, and the more accurate user identity experience demanded by today’s digital ecosystem.

“We are excited to announce that Kaiasoft.com, an expert in SaaS business solutions with enhanced UX/UI services, selected authID for our ability to deliver the highest identity accuracy, coupled with the fastest frictionless user experience,” said Rhon Daguro, CEO of authID. “Through our valued partnership with Kaiasoft.com, authID again expands the reach of our next-gen biometric authentication solutions to secure the digital economy, including a cannabis ecommerce platform as our first joint customer, against identity fraud and account takeovers caused by phishing attacks, deepfakes, and compromised credentials.”

Digital enterprises today confront rampant, sophisticated attacks from fraudsters who leverage generative AI to create fake ID’s and deepfakes that compromise digital account openings, fool both automated and manual risk reviews, and accelerate account takeovers and asset seizures. Needing a trusted authentication partner to help its ecommerce and healthcare clients defeat these challenges, Kaiasoft.com recognized the value of authID’s highly secure next-gen biometric identity life-cycle platform, ease of integration, and lightning-fast user experience.

“Becoming passwordless allows for quicker, seamless account access.  Eliminating password resets, knowledge questions, and email address validations reduces support inquiries and user abandonment by 50%, all while being more secure. authID’s trusted biometric authentication solutions are a win-win-win. They are now our standard and we will put all our SaaS customers on authID’s platform to deliver enhanced security, seamless user experiences, and lower expenses through fewer customer support calls,” said Mike Hoyman, Kaiasoft.com’s CEO. “We are excited to partner with authID so that together we help our clients speed up good customer onboarding, verify age, and secure valued transactions with seamless biometric authentication that stops adversarial AI-driven deepfakes and account takeover scams.”

Offering an easy, intuitive user experience delivered in any browser, authID’s document-based identity verification streamlines digital onboarding with robust, automated, global identity document authentication. authID stops malicious injection and deepfake attacks with PAD Level 2 accuracy and facial biometric matching of a selfie to the credential photo. Binding the biometric root of trust established at onboarding to the user account, authID replaces friction-filled passwords and easily compromised knowledge-based answers (KBA) with the ease of a quick biometric selfie that stops account takeovers with strong, precise, and accurate, next-generation authentication.

Continued Daguro, “authID’s biometric identity platform delivers speed and accuracy, while processing captured images, and identifying users as legitimate or fraudulent, all within a market-leading 700 milliseconds. We look forward to working closely with Kaiasoft.com to deliver the confidence that user onboarding, authentication, and interactions are accurate and completed in record time, and ultimately ensure our customers know who’s behind the device, every time.”

About authID
authID (Nasdaq: AUID) ensures cyber-savvy enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, FIDO2 passwordless login, and biometric authentication and account recovery, with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and the more accurate user identity experience demanded by today’s digital ecosystem. Discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover at www.authID.ai.

About Kaiasoft.com
Kaiasoft.com is a software company that specializes in developing software as a service (SaaS). The company was founded in 2014 by two entrepreneurs, Mike Hoyman and Sarju Patel, who saw the potential for SaaS to revolutionize the software industry. Today we influence the best in class in digital innovation and help the advanced change of organizations. We team up with new companies and undertakings to assist them with accomplishing their vision. This has helped us in being light-footed and versatile in manners a startup or venture expects us to be. We work together with organizations across the globe and greater part of our business comes from America and Europe. The company has a team of experienced developers who are experts in using the latest technologies to create scalable and reliable SaaS applications. For more information, visit www.Kaiasoft.com

authID Media Contact
Rhon Daguro
CEO
Investor-Relations@authid.ai

Kaiasoft.com Media Contact
investor_relations@kaiasoft.com 

FAQ

What is the purpose of authID's partnership with Kaiasoft.com?

The partnership aims to enhance SaaS applications with biometric identity assurance, combating AI-driven cyberattacks and deepfakes for Kaiasoft.com's clients across America and Europe.

How fast can authID's biometric identity platform process and identify users?

authID's biometric identity platform can process captured images and identify users as legitimate or fraudulent within 700 milliseconds.

What industries are targeted by the authID (AUID) and Kaiasoft.com partnership?

The partnership targets various industries, with a focus on ecommerce and healthcare sectors. Their first joint customer is a cannabis ecommerce platform.

What benefits does authID's (AUID) biometric solution offer to Kaiasoft.com's clients?

authID's solution offers improved security, enhanced user experience, and potential reduction in support costs and user abandonment rates by up to 50% through passwordless authentication.