authID Inc. - AUID STOCK NEWS

authID.ai (Nasdaq: AUID) has received a Notice of Allowance from the U.S. Patent and Trademark Office for its innovative multi-party, multi-factor authentication patent, crucial for its Verified™ identity verification platform. This patent safeguards a method that allows account holders to authorize transactions while simultaneously enabling third-party verification of their identity through biometrics and personal codes. CEO Tom Thimot emphasized that this patent enhances security against fraudulent activities and creates an unchallengeable audit trail, reinforcing the company's commitment to robust identity authentication.

authID.ai (Nasdaq: AUID), a provider of biometric identity solutions, announced the integration of its Verified CloudConnect™ platform with Microsoft Office 365 and Azure. This integration enhances identity authentication by using facial biometric technology to replace traditional passwords, thereby addressing rising cybersecurity threats linked to remote work. Verified CloudConnect™ enables seamless multi-factor authentication (MFA), ensuring secure access while maintaining user privacy. The service is available on a subscription basis, aiming to empower organizations to enhance their security infrastructure.

authID.ai (Nasdaq: AUID) has launched Verified Platform Version 2.4, designed to enhance facial biometric authentication. This upgrade offers a streamlined user experience, improved speed, and advanced AI capabilities to counter identity fraud. Key features include a modernized interface, enhanced cross-device authentication, and real-time quality analysis. The platform aims to prevent cybercriminals from accessing accounts and safeguarding user data across various applications, establishing a higher level of trust and security in online transactions.

authID.ai (Nasdaq: AUID) held its Annual Meeting of Shareholders via webcast on December 29, 2021. During the meeting, all nominated directors were re-elected, and all proposed resolutions were adopted. Shareholders approved an advisory 'Say-on-Pay' vote, which also included a decision on the frequency of future votes. CEO Tom Thimot provided an update on the company’s Q4 activities. authID.ai offers secure, mobile biometric identity authentication solutions, aiming to eliminate usernames and passwords through advanced technologies.

authID.ai (Nasdaq: AUID) has launched Verified CloudConnect, enhancing multi-factor authentication via cloud-based facial biometrics. Available on Auth0 Marketplace, this solution replaces traditional authentication methods with a more secure, in-browser experience that requires no extra apps or hardware. Users can authenticate with a live selfie analyzed for liveness, ensuring robust security against spoofing attempts. This integration aims to support diverse digital identities across B2B, B2C, and B2E environments, facilitating organizations in creating tailored security solutions.

authID.ai (Nasdaq: AUID) has announced significant leadership changes as part of its growth strategy, highlighting a commitment to customer experience and inclusivity. New appointments include Christabel Bugla as Vice President of Customer Success and Brittney Liburd as Senior Product Marketing Manager. Additionally, Grace de Fries and Max Umarov have been promoted to senior leadership roles. The company aims to enhance its biometric identity solutions and foster a diverse workforce, with nearly half of the team being people of color and/or women, as it prepares for expansion in various markets.

authID.ai (Nasdaq: AUID) announced its 2021 Annual Meeting of Stockholders will take place virtually on December 29, 2021, at 10:00 a.m. EST. Key proposals include the election of directors, ratifying auditors, and adopting a new Equity Incentive Plan. Stockholders will vote on a first-time advisory “Say-on-Pay” vote. Seven of the current eight directors are proposed for re-election, with Sanjay Puri not seeking re-election. Proxy materials have been filed with the SEC and will be distributed to stockholders, who can vote electronically before the meeting.

authID.ai (Nasdaq: AUID) has been granted U.S. Patent No. 11182777, set to be issued on November 23, 2021. This patent covers a method linking identity attributes to a Primary Account Number (PAN) for secure user authentication. It allows transactions to be authorized via biometrics without revealing sensitive data, enhancing security during identity verification processes across various platforms. CEO Tom Thimot emphasized the patent's significance in their vision of 'payments by face,' aiming for seamless and secure transactions.

authID.ai (Nasdaq: AUID) has appointed Neepa Patel as its fifth independent director amid its strategic expansion phase. With 15 years of expertise in blockchain and compliance, Patel strengthens the Board's depth in disruptive technologies. Her previous roles include CEO of Themis and Head of Compliance at R3. CEO Tom Thimot emphasizes that Patel's experience will enhance the company's efforts in new markets and value generation strategies. Patel acknowledges authID's role in evolving identity assurance and expresses confidence in its growth trajectory.