At the time of the last check, shares of authID Inc. (NASDAQ: AUID) were up 16.13% to trade at $1.80 on the after-hours market after receiving recognition from a research firm. The AUID shares reached $1.55 at the weekend closing price.
Which awards has AUID won?
This week, Juniper Research’s Future Digital Awards for Fintech & Payments revealed that authID [AUID] has won “Best Biometrics Use in Payments.”
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- Juniper’s Future Digital Awards recognize the most significant financial products and services that promote innovation in the banking, retail, fintech, payments, and retail industries.
- Since the award’s introduction in 2008, top-tier tech companies including Amazon, Google, and Bank of America have received it.
- By fusing FIDO2 passwordless authentication with biometric assurance, authID Verified closes a significant hole in the security ecosystem.
- The AUID Verified platform offers cloud biometric authentication with a straightforward selfie to confirm actual account owners with the greatest degree of identity assurance.
- The dangers and expenses associated with digital fraud, reputational harm, weak SMS passcodes, and challenge questions that are readily spoofable by hackers are eliminated by this AI-powered device.
- Cybercriminals still cause company disruption today by preying on passwords, old MFA, and human mistake.
- With HFA (Individual Factor Authentication), which combines FIDO2 passwordless authentication with cloud biometrics to ensure that its clients always know the human behind a device, authID offers the greatest degree of security and identity assurance.
AuthID will be able to concentrate on revenue development without compromising fraud protection or regulatory compliance thanks to Juniper Research’s recognition of its use of biometrics to safeguard financial services and payments firms.
How AUID is moving ahead?
With its sophisticated identity authentication technology, which addresses the difficulties in establishing confidence with the usage of digital identities, AUID distinguished out as a clear pioneer in a highly competitive field. authID (AUID) will be in a good position to benefit as the usage of digital identities increases.
