Welcome to our dedicated page for AUTHID news (Ticker: AUID), a resource for investors and traders seeking the latest updates and insights on AUTHID stock.
authID Inc. (Nasdaq: AUID) is a software publisher focused on biometric identity verification, authentication, and Agentic AI governance, and its news flow reflects these priorities. Company announcements frequently highlight new customer wins, technology integrations, and product developments that expand the reach of its biometric identity platform.
Recent news has covered deployments with a global workforce solutions provider to combat employment identity fraud, including deepfake-resistant verification for hiring and ongoing worker authentication. authID has also reported selection by one of the largest retailers in Europe to secure identity verification and password reset for its workforce using the company’s PrivacyKey technology, as well as adoption by an educational technology organization serving correctional facilities for biometric identity proofing and authentication.
authID’s updates also describe integrations with major platforms and partners. The company has announced an integration with ServiceNow to provide secure identity verification and authentication in ServiceNow-powered contact centers, enabling agents to verify callers before making account changes or completing high-risk transactions. Additional news has highlighted collaboration with partners such as NESIC, MajorKey Technologies, a digital infrastructure platform for financial institutions, and TurboCheck for workforce fraud detection.
Investors and observers following AUID news can also expect coverage of capital markets activity, including registered direct offerings under the company’s shelf registration statement, and periodic financial and operating results. Together, these news items provide insight into authID’s progress in biometric identity, workforce verification, contact center security, and the emerging area of Agentic AI governance. Bookmark this page to review ongoing developments, partnerships, and regulatory disclosures related to authID’s business.
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.
authID.ai (Nasdaq: AUID), a leader in biometric identity verification, announces that CEO Tom Thimot will present at the Ladenburg Thalmann Virtual Tech Expo on November 18, 2021, at 4:00 p.m. ET. This one-day event will feature around 50 prominent technology companies. Investors can engage in one-on-one meetings via the event's website. authID.ai offers a secure platform that utilizes biometric technology to enhance identity security without usernames or passwords.
authID.ai (formerly Ipsidy), a leader in mobile biometric identity authentication, reported a net loss of $5.2 million for Q3 2021, up from $1.9 million in Q3 2020. Revenue remained steady at $0.5 million for the quarter, totaling $1.7 million for nine months, compared to $1.6 million in 2020. The company rebranded and uplisted to NASDAQ under ticker AUID, launching its Verified™ service at Money 20/20. With a strengthened leadership team, authID.ai aims to expand its innovative biometric solutions amid growing cybersecurity demands.
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authID.ai (Nasdaq: AUID) will report its financial results for Q3 FY2021 on November 8, after market close. A conference call will follow at 5:00 p.m. EST, featuring insights from CEO Tom Thimot and other executives. The call will cover financial results and a corporate update, including market and product launch discussions. Investors can access the webcast and presentation through authID.ai's investor relations page. The company specializes in biometric identity authentication, aiming to enhance security and trust through its innovative technology.
authID.ai (Nasdaq: AUID) has partnered with Hamilton Reserve Bank (HRB) to enhance its digital banking services using authID.ai’s identity verification solutions. The HRB will implement Verified™, a biometric multi-factor authentication system, to improve security and customer onboarding processes while eliminating passwords. This collaboration supports HRB’s goal to onboard one million new customers in the next year and ensures compliance with AML/KYC regulations. The integration aims to streamline operations and enhance customer experiences across over 150 countries.
authID.ai has launched its biometric authentication service, Verified™, to replace vulnerable one-time SMS passcodes, enhancing security for businesses. Available for a free 14-day trial, the service offers mobile facial biometric authentication, surpassing traditional methods like passwords. Companies can test APIs in a sandbox for free to ensure easy integration. This innovative solution aims to diminish account fraud while improving user experience. The launch was made on October 25, 2021, at Money20/20 in Las Vegas.
authID.ai (Nasdaq: AUID) has appointed Steven J. Fazio as Senior Vice President of Sales, reporting to CEO Tom Thimot. Fazio, with 25 years of experience in security and infrastructure, aims to drive the company’s expansion into key markets such as banking and healthcare. His previous clients include major companies like American Express and MLB. Fazio's compensation includes a grant of options for 210,000 shares at $11.75 each. The move is expected to enhance authID's biometric identity authentication solutions, potentially increasing revenue streams.
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