authID Selected by Berify to Establish Biometric Identity Assurance for Millions of Identities Across Its Global Platforms
authID (Nasdaq: AUID) has announced a partnership with Berify, making them a customer and OEM partner. Berify will implement authID's Proof™ and Verified™ solutions for onboarding and authentication across its global platforms. The partnership will focus on securing Berify's user base and integrating authID's biometric solutions into their platform, particularly targeting enterprise use cases in the Asia Pacific market.
Berify's platform combines blockchain, cybersecurity, and consumer engagement features, providing a single, reusable identity system across vendors. The collaboration aims to enhance security and user experience while preventing identity fraud through authID's duplicate identity recognition capabilities.
authID (Nasdaq: AUID) ha annunciato una partnership con Berify, diventando loro cliente e partner OEM. Berify implementerà le soluzioni Proof™ e Verified™ di authID per il processo di onboarding e autenticazione sulle sue piattaforme globali. La partnership si concentrerà sulla sicurezza della base utenti di Berify e sull'integrazione delle soluzioni biometriche di authID nella loro piattaforma, puntando in particolare ai casi d'uso aziendali nel mercato dell'Asia-Pacifico.
La piattaforma di Berify combina funzionalità di blockchain, cybersecurity e coinvolgimento dei consumatori, fornendo un sistema di identità unico e riutilizzabile tra i fornitori. La collaborazione mira a migliorare la sicurezza e l'esperienza utente, prevenendo le frodi di identità attraverso le capacità di riconoscimento delle identità duplicate di authID.
authID (Nasdaq: AUID) ha anunciado una asociación con Berify, convirtiéndose en su cliente y socio OEM. Berify implementará las soluciones Proof™ y Verified™ de authID para el onboarding y la autenticación en sus plataformas globales. La asociación se centrará en asegurar la base de usuarios de Berify e integrar las soluciones biométricas de authID en su plataforma, especialmente dirigidas a casos de uso empresarial en el mercado de Asia-Pacífico.
La plataforma de Berify combina características de blockchain, ciberseguridad y participación del consumidor, proporcionando un sistema de identidad único y reutilizable entre proveedores. La colaboración busca mejorar la seguridad y la experiencia del usuario, mientras se previenen fraudes de identidad a través de las capacidades de reconocimiento de identidades duplicadas de authID.
authID (Nasdaq: AUID)는 Berify와 파트너십을 발표하며 그들을 고객이자 OEM 파트너로 삼게 되었습니다. Berify는 authID의 Proof™ 및 Verified™ 솔루션을 전 세계 플랫폼에서 온보딩 및 인증을 위해 구현할 것입니다. 이 파트너십은 Berify의 사용자 기반을 보호하고 authID의 생체 인식 솔루션을 그들의 플랫폼에 통합하는 데 중점을 두며, 특히 아시아 태평양 시장의 기업 사용 사례를 목표로 하고 있습니다.
Berify의 플랫폼은 블록체인, 사이버 보안 및 소비자 참여 기능을 결합하여 공급업체 간에 단일 재사용 가능한 신원 시스템을 제공합니다. 이 협력은 보안을 강화하고 사용자 경험을 개선하며 authID의 중복 신원 인식 기능을 통해 신원 사기를 방지하는 것을 목표로 합니다.
authID (Nasdaq: AUID) a annoncé un partenariat avec Berify, devenant ainsi client et partenaire OEM. Berify mettra en œuvre les solutions Proof™ et Verified™ d'authID pour l'intégration et l'authentification sur ses plateformes mondiales. Le partenariat se concentrera sur la sécurisation de la base d'utilisateurs de Berify et l'intégration des solutions biométriques d'authID dans leur plateforme, ciblant en particulier des cas d'utilisation d'entreprise sur le marché Asie-Pacifique.
La plateforme de Berify combine des fonctionnalités de blockchain, de cybersécurité et d'engagement des consommateurs, fournissant un système d'identité unique et réutilisable entre les fournisseurs. Cette collaboration vise à améliorer la sécurité et l'expérience utilisateur tout en prévenant la fraude d'identité grâce aux capacités de reconnaissance des identités dupliquées d'authID.
authID (Nasdaq: AUID) hat eine Partnerschaft mit Berify angekündigt, wodurch sie zu einem Kunden und OEM-Partner werden. Berify wird die Lösungen Proof™ und Verified™ von authID für Onboarding und Authentifizierung auf seinen globalen Plattformen implementieren. Der Schwerpunkt der Partnerschaft liegt darauf, die Benutzerbasis von Berify abzusichern und die biometrischen Lösungen von authID in ihre Plattform zu integrieren, wobei insbesondere Unternehmensanwendungen im asiatisch-pazifischen Raum im Fokus stehen.
Die Plattform von Berify kombiniert Blockchain-, Cybersicherheits- und Verbraucherengagement-Funktionen und bietet ein einzigartiges, wiederverwendbares Identitätssystem über Anbieter hinweg. Die Zusammenarbeit zielt darauf ab, die Sicherheit und Benutzererfahrung zu verbessern und Identitätsbetrug durch die Erkennung doppelter Identitäten von authID zu verhindern.
- Secured multi-year agreement with Berify for global implementation
- Expansion into Asia Pacific market through OEM partnership
- Beat multiple competitors to win the contract
- None.
Insights
This partnership represents a strategic expansion for authID in the Asia Pacific market through Berify's OEM integration. The deal's value lies in three key components: 1) Direct customer acquisition of Berify's existing user base, 2) OEM partnership potential for broader market penetration and 3) Technology validation against competitors.
The integration of authID's Proof and Verified solutions into Berify's blockchain-based platform creates a comprehensive identity verification ecosystem. While specific financial terms aren't disclosed, the multi-year agreement and access to Berify's global user base suggest meaningful revenue potential for authID, though exact impact on near-term financials remains uncertain.
The partnership addresses growing demand for secure digital identity solutions, particularly in combating deepfakes and identity fraud. For a company with authID's market cap, securing an OEM partnership could significantly accelerate market penetration and revenue growth.
DENVER, Dec. 02, 2024 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID) (“authID”), a leading provider of biometric identity verification and authentication solutions, today announced Berify, an authentication, consumer experience & signal harnessing organization, as a customer and OEM partner. Berify will secure its global user base with authID’s ProofTM and VerifiedTM solutions for onboarding and authenticating, and will OEM authID’s biometric solutions as a part of its platform to solve multiple enterprise use cases in the Asia Pacific market.
Berify’s integrated platform combines blockchain, cybersecurity, consumer engagement and intuitive dashboards that allow its partner brands to create limitless product experiences, and social interactions for their consumers that generate valuable zero-party data for the client..
“authID stood out among several other potential partners because of their biometric identity platform’s ability to both securely onboard and seamlessly authenticate our global user base with the highest levels of identity assurance,” said Thomas Chen, Berify CTO. “authID’s biometric platform perfectly complements our vision to provide a verifiable, reusable identity that functions across any number of platforms, and their ability to recognize duplicate identities is a critical feature in our commitment to prevent identity fraud. Adding authID’s technology to our platform is a huge win for our customers who want to secure their platforms, and their users who want enhanced, secure experiences wherever their digital journey takes them.”
Through its integrated platform Berify provides a single, reusable identity that can be used across vendors. The identity includes a digital address that can be bound to an authorized device to streamline user experiences and secure the account recovery process in the event of a lost device or account compromise.
“We are excited that Berify selected authID to provide the highest levels of identity trust with market leading speed, precision and accuracy, while deepening user trust with frictionless identity experiences, and our customer success team looks forward to getting them live quickly on our platform,” said Rhon Daguro, authID CEO. “This win demonstrates our ability to outperform several industry competitors, and the signing of this latest multi-year agreement is not only a testament to the strength of our offering but represents substantial progress in our efforts to increase bookings throughout the coming year.”
For more information on authID’s offerings as well as its library of educational material related to biometrics and deepfakes, visit www.authid.ai.
About authID
authID® (Nasdaq: AUID) ensures 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, 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. Contact us to discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover.
About Berify
Berify is a cutting-edge platform specializing in connecting physical products to the digital world for consumer experience and brand protection. With a suite of patented technologies, Berify offers a blend of security, interoperability and engagement in the consumer-brand relationship. Berify brands can protect their reputation, know their consumer, own their data, gain valuable consumer insights, incentivize desired behaviors, harnessing valuable signals and differentiate themselves in the competitive market. For more information, visit www.berify.io.
Media Contacts
Walter Fowler
1-631-334-3864
wfowler@nexttechcomms.com
Investor Relations Contacts
Gateway Group, Inc.
Cody Slach and Alex Thompson
1-949-574-3860
AUID@gateway-grp.com
Investor-Relations@authid.ai
FAQ
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