Global spending on digital identity verification is expected to grow by 74% to over $26 billion by 2029, primarily due to advancements in behavioral biometrics and blockchain technology. These innovations enhance fraud detection and ensure better user control over data privacy. Regulatory changes in the EU will also shape market practices significantly. A recent study…
authID has been named a Luminary in the 2024 Biometric Digital Identity Flagship Report by The Prism Project. The report recognizes authID’s advanced biometric authentication solutions as key in combating fraud and enhancing operational efficiency. Featuring a remarkable one-in-a-billion false-match rate and rapid verification speeds, authID’s technology underscores the importance of securing digital identities in…
authID has formed a partnership with TurboCheck to enhance employment verification by integrating biometric identity solutions. This agreement aims to combat rising employment fraud, leveraging advanced technology to ensure an efficient and secure hiring process. TurboCheck will utilize authID’s services to rapidly verify candidates, enhancing trust and reducing risks associated with dishonest applications, achieving this…
The biometric payment market is set to grow from USD 8.6 billion in 2023 to USD 34.8 billion by 2032, with a CAGR of 16.84%. This growth is attributed to increasing security concerns and consumer preference for seamless transactions powered by technologies like fingerprint and facial recognition. Leading players, including Apple and Mastercard, are spearheading…
