authID, a leading provider of biometric identity verification and authentication solutions, announced its spotlight in a comprehensive independent market report by the Prism Project, which provided important independent analysis of authID’s approach to privacy- and compliance-first biometric authentication. authID was named a “luminary” for its leading-edge platform for biometric identity verification and privacy protection.
Published by Acuity Market Intelligence, the leading biometric digital identity research consultancy, the report titled “Biometric Digital Identity Prism Custom Report: authID” highlights how authID’s newly launched PrivacyKey™ technology reflects a paradigm shift in biometric authentication, powerfully addressing the critical balance between security and privacy. The platform boasts a one-in-one-billion false-match accuracy rate in identity verification while maintaining zero-knowledge architecture for user data protection by storing no biometric data, and joins authID solutions Proof™ and Verified™ in providing customers with an unparalleled user-identification experience.
“authID’s technology is interesting because it isn’t just about security – it’s about creating trust in digital interactions,” said Maxine Most, founder of the Prism Project and Acuity Market Intelligence. “As the Prism Project projects a 300% growth in demand for privacy-focused biometric solutions over the next three years, authID’s platform is at the forefront of successfully bridging the gap between robust security and user privacy, and of setting new industry standards for biometric authentication.”
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Key Findings from the Prism Project Report:
- authID’s innovative approach is “safeguarding the era of digitization” through liveness-supported face biometrics during the onboarding process as well as continuous identity verification.
- authID’s proven leadership—composed of identity-industry veterans with decades of experience—are driving consistent adaptations and innovations in a rapidly evolving and increasingly critical landscape.
- The verification speeds, key-management capabilities, and frictionless ease-of-use at the center of authID’s solutions position it as a leader in both performance and customer experience.
The report highlights authID’s recent partnership with Salus, which aims to enhance credit union services for 120 million underserved individuals, demonstrating the platform’s scalability and real-world impact. authID’s innovative approach has also attracted partnerships with leading financial institutions and technology companies, as well as firms in the staffing and hiring, philanthropy, and customer-service industries.
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“The Prism Project findings validate our commitment to revolutionary identity verification solutions that prioritize both security and user privacy,” said Rhon Daguro, CEO of authID. “Our PrivacyKey™ technology represents a quantum leap forward in biometric authentication, enabling businesses to provide frictionless security while maintaining the highest standards of data protection.”
The dedicated authID report follows the December 2024 release of the Prism Project’s highly anticipated Biometric Digital Identity Flagship Report, which evaluated more than 250 industry players and identified the key market dynamics driving extraordinary growth in the emerging global digital identity ecosystem. The annual report highlights the critical role of biometrics in reducing fraud, improving operational efficiency, preserving privacy, and enhancing user experience in the era of digital transformation.
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Source – globenewswire