authID Selected by Top Financial Platform Serving More Than 100 Banks, to Provide Biometric Verification for Banking Customers

Rhea-AI Summary

authID (Nasdaq: AUID) announced a strategic partnership with a top U.S. banking infrastructure provider on March 5, 2026 to deploy biometric onboarding and AI deepfake-resistant authentication across the partner’s platform and its first of 100+ bank customers.

The integrated authID Proof™ and PrivacyKey™ will secure commercial, in-branch, digital, and call-center channels for regional and community banks with assets of $10B–$150B, using cryptographic keys to avoid storing biometric data and supporting SOC 2 and ISO 27001 compliance.

Positive

• Deployment to 100+ banking customers via partner platform
• Targets regional/community banks (assets $10B–$150B)
• PrivacyKey cryptographic keys avoid biometric storage
• SOC 2 and ISO 27001 certifications align with financial requirements

Negative

• None.

Key Figures

Partner banks: more than 100 banks U.S. banks: more than 4,300 Global banks: over 8,600 +5 more

8 metrics

Partner banks more than 100 banks Financial platform’s U.S. banking customers

U.S. banks more than 4,300 FDIC-reported count of U.S. banks

Global banks over 8,600 FDIC/IBISWorld global bank count

Fraud market 2025 $21 billion 2025 banking fraud detection & prevention market

Fraud market 2030 $39 billion Forecast 2030 banking fraud detection & prevention market

Client asset range $10–$150 billion Assets of 100-plus banking clients on partner platform

Community bank share 92–95% Community and regional share of all U.S. banks

False positive rate 1-in-1-billion authID biometric platform false positive rate

Market Reality Check

Price: $1.70 Vol: Volume 229,307 is light a...

low vol

$1.70 Last Close

Volume Volume 229,307 is light at 0.63x the 20-day average of 362,247, suggesting muted positioning before this news. low

Technical At $1.70, shares trade below the 200-day MA $2.92 and sit 82.26% under the 52-week high.

Peers on Argus

Momentum data flags peers BNAI and CSAI moving up, while AUID’s own pre-news mov...

2 Up

Momentum data flags peers BNAI and CSAI moving up, while AUID’s own pre-news move was modestly negative (-2.3%) and sector_momentum was not confirmed. This points to stock-specific dynamics around AUID rather than a broad software infrastructure move.

Historical Context

5 past events · Latest: Feb 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	Fintech partnership win	Positive	+17.6%	POS lending platform chose authID for fraud prevention and ID assurance.
Feb 19	Retail age verification	Positive	-4.4%	Selected for biometric kiosks and planned rollout to >5,000 locations.
Feb 12	Critical infra solution	Positive	-2.9%	Launched biometric security aligned with PIV framework for energy sector.
Feb 05	Retail deployment metrics	Positive	+10.1%	Reported 472% enrollment growth and strong verification performance at retailer.
Jan 29	Global retailer win	Positive	+16.3%	Global personal-care retailer chose authID for identity onboarding and access.

Pattern Detected

Positive contract and deployment wins have more often produced aligned, double-digit moves, but there are instances where similar news saw negative follow-through.

Recent Company History

Over recent months, AUID has repeatedly announced new deployments and partnerships across retail, payments, and critical infrastructure. On Jan 29 and Feb 26, contract wins in global retail and point-of-sale lending aligned with strong one-day gains of 16.34% and 17.65%. However, other positive updates on Feb 12 and a Berify age-verification rollout on Feb 19 coincided with declines of 2.92% and 4.43%. Today’s banking-platform partnership fits this pattern of expanding use cases but inconsistent price reactions.

Market Pulse Summary

This announcement adds a significant banking-platform partnership to AUID’s recent run of wins in re...

Analysis

This announcement adds a significant banking-platform partnership to AUID’s recent run of wins in retail and fintech, extending its biometric Proof™ and PrivacyKey™ into more than 100 bank customers with assets between $10 billion and $150 billion. Recent filings highlighted revenue pressure, net losses, and going-concern language, so investors may watch how quickly this and other deployments convert into revenue and Remaining Performance Obligations, while monitoring any further capital-raising activity and insider transactions.

Key Terms

biometric verification, liveness detection, kyc, soc 2, +2 more

6 terms

biometric verification technical

"to Provide Biometric Verification for Banking Customers"

Biometric verification uses a person’s physical or behavioral traits—like fingerprints, facial features, voice, or typing patterns—to confirm identity by comparing a live sample to a stored template. For investors, it matters because stronger identity checks can reduce fraud, lower costs from breaches, boost customer trust and adoption, and affect regulatory compliance and product value much like a more secure lock improves the safety and desirability of a building.

liveness detection technical

"cryptographic identity architecture and liveness detection prevent replay and spoofing"

Liveness detection is a security check that ensures a biometric sample—like a face scan, fingerprint or voice—is coming from a real, present person rather than a photo, mask, or recording. Investors care because it reduces identity fraud and chargebacks, supports regulatory compliance for customer verification, and can be a competitive advantage for companies selling or using secure authentication systems, much like a guard verifying someone is actually at the door.

kyc regulatory

"with the flexibility to escalate from KYC to full document verification when risk"

KYC (Know Your Customer) is the routine of checks and questions that financial firms use to confirm who a client is, understand their financial profile, and spot risky or illegal activity. It matters to investors because it helps prevent fraud and money laundering, ensures companies follow the law, and protects the integrity of markets—think of it like an identity and background check a bank or airport runs before allowing access.

soc 2 regulatory

"authID’s SOC 2 and ISO 27001 certifications align with stringent"

SOC 2 is an independent auditor’s report that assesses whether a company follows strict practices to keep customer data secure, available, and private—think of it as a health inspection for how a business handles sensitive information. For investors, a SOC 2 report signals lower operational and reputational risk from data breaches or service disruptions and helps judge the reliability of a company or its suppliers when digital data handling is central to value.

iso 27001 regulatory

"SOC 2 and ISO 27001 certifications align with stringent financial-industry"

ISO 27001 is an internationally recognized standard that sets out the best practices for managing and protecting sensitive information within an organization. It acts like a security blueprint, helping companies ensure data is kept safe from theft, loss, or damage. For investors, organizations with ISO 27001 certification demonstrate a strong commitment to information security, reducing the risk of data breaches that could impact business stability and reputation.

cryptographic key technical

"PrivacyKey™ then generates a cryptographic key which is used in verifying"

A cryptographic key is a digital code used like a lock-and-key to secure, access, or verify information and transactions online. For investors, these keys control ownership and movement of digital assets, protect sensitive data, and enable trustworthy records; losing or exposing a key can mean permanent loss of assets or fraud, while strong key management reduces custody, regulatory and cyber risk.

AI-generated analysis. Not financial advice.

Partnership brings advanced identity validation and AI deepfake authentication to more than 100 financial institutions   

DENVER, CO , March 05, 2026 (GLOBE NEWSWIRE) --  authID (Nasdaq: AUID), a leading provider of biometric identity authentication and fraud-prevention solutions, today announced a strategic partnership with a top financial infrastructure provider for U.S. banks that will help them secure their fintech platform and better compete in today’s digital-first banking landscape.

The infrastructure company is deploying the integrated solution at the first of their more than 100 banking customers to secure commercial, in-branch, and digital channels. The solution will also be used by the bank’s call center to biometrically verify the identities of callers.

U.S. banking infrastructure faces many challenges in safeguarding the financial ecosystem:

• The pivot to real-time payments increases the risk from fraudulent email attacks and synthetic IDs
• The use of voice recognition by many banks leaves them vulnerable to impersonation attacks
•  Account takeover is another chronic threat due to social engineering, malware, AI deepfakes, and SMS hijacking
• Security that greatly increases friction drives away customers
• Fragmented solutions with multiple vendors can create large security gaps

SIGNIFICANT GROWTH AND DEMAND

The FDIC reports there are more than 4,300 U.S. banks and over 8,600 banks globally, citing researchers at IBISWorld. Juniper Research further reports that the global fraud detection and prevention market for the banking industry alone, estimated at $21 billion in 2025, is forecast to grow to $39 billion by 2030. AI-generated threats and increasing regulatory requirements, the demand for integrated security platforms will grow in parallel. 

authID ensures that all visitors to the partner platform are who they claim to be. The biometric verification capabilities of authID validate physical IDs and live individuals, as well as the match between them, so that only legitimate applicants are onboarded to the platform. authID’s PrivacyKey™ then generates a cryptographic key which is used in verifying those users on all return visits, protecting user privacy and supporting compliance laws by eliminating the storage of biometric data. 

The use of biometrics for authentication also eliminates the risks of passwords, OTP, emails and stolen devices. Only a legitimate banking customer’s face enables access. 

This banking platform partner is integrating  authID Proof™ and PrivacyKey^TM technologies into its universal onboarding and customer-management platform, allowing its 100-plus banking clients, with assets ranging from $10 billion to $150 billion, to seamlessly deliver enterprise-grade, privacy-preserving biometric onboarding and authentication to their customers.

The partner’s financial ecosystem is community and regional banks, which make up 92-95% of all US banks according to the FDIC.  authID’s innovative solutions provide a greater competitive advantage in this often underserved section of the industry.

“This partnership represents another major milestone in authID’s expansion across the financial services sector,” said Rhon Daguro, CEO of authID. “By powering secure, frictionless identity verification for a large number of regional and community banks, we’re demonstrating the scalability of our platform and the growing market demand for privacy-preserving, deepfake-resistant authentication.” 

The partnership was shaped by several differentiating factors: 

• authID’s Proof and PrivacyKey solutions provide document verification and biometric re-authentication, allowing customers to verify once and reauthenticate seamlessly throughout their banking lifecycle.
• authID’s cryptographic identity architecture and liveness detection prevent replay and spoofing attacks while protecting privacy by ensuring sensitive biometric data is never stored or shared.
• authID’s SDKs and APIs support consistent user experiences across digital, call-center, and in-branch environments, with the flexibility to escalate from KYC to full document verification when risk signals appear.
• Through authID’s developer-ready platform, the partner controls the branding and flow of the digital experience.
• authID’s SOC 2 and ISO 27001 certifications align with stringent financial-industry requirements, complementing the partner’s regulated infrastructure.

By delivering a solid foundation of identity assurance and privacy protection, authID enables its financial services partners to provide industry-leading biometric security, and maintain a competitive edge for their partners over institutions that still rely on legacy defenses such as passwords, voice recognition, device-bound products, and other vulnerable factors. authID’s integrated platform empowers regional banks to safeguard their customers with the most powerful identity verification on the market, and defend against the growing threat of AI deepfakes and other attacks. As regional banks experience renewed strength through increased liquidity, favorable interest rates, and mergers, authID protects the integrity of their systems as its own footprint grows in that industry. 

About authID Inc.

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, preventing cybercriminals from compromising account openings or taking over accounts. Leveraging a 1-in-1-billion False Positive Rate for the highest level of assurance, coupled with industry-leading speed and privacy-preserving technology, authID provides the most secure digital identity experience. authID’s IDX platform secures the distributed workforce of employees, contractors, and vendors, as well as bringing authorization and accountability for AI agents. By creating a biometric root of trust for each user, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and most accurate user identity experience in the industry. For more information, please visit www.authID.ai

Investor Relations Contacts

authID Investor Relations

investor-relations@authID.ai

FAQ

What did authID announce on March 5, 2026 regarding banks (AUID)?

authID announced a partnership to deploy biometric onboarding and deepfake-resistant authentication across a major banking platform. According to authID, the solution will be integrated for the partner’s first of more than 100 bank customers covering digital, in-branch, commercial and call-center channels.

How many banks will authID reach through the partner platform (AUID)?

The partner serves more than 100 banking customers that will gain access to authID’s technology. According to authID, those banks include regional and community institutions with asset sizes from $10 billion to $150 billion.

What is authID PrivacyKey and why does it matter for banks (AUID)?

PrivacyKey generates a cryptographic key to verify returning users without storing biometric data. According to authID, this approach protects user privacy, supports compliance, and reduces risk from biometric data breaches across banking channels.

Which customer channels will use authID Proof and PrivacyKey (AUID)?

authID’s Proof and PrivacyKey will be used across digital, in-branch, commercial, and call-center channels. According to authID, SDKs and APIs enable consistent branding and flows while escalating verification when risk signals appear.

Does authID meet financial-industry security standards for this partnership (AUID)?

authID holds SOC 2 and ISO 27001 certifications that align with financial-industry requirements. According to authID, these certifications complement the partner’s regulated infrastructure and support enterprise-grade identity assurance.