The Green Sheet Online Edition
December 12, 2024 • 24:12:01
Blazing-fast, comprehensive identity verification platform
AuthenticID, a global provider of identity verification and fraud prevention, stated it has unveiled AuthenticID360, a groundbreaking platform that redefines speed, accuracy, and security in identity verification. With an industry-first two-second response time, AuthenticID360 promises unmatched efficiency for businesses and consumers alike, the company noted.
A unified approach
AuthenticID360 integrates multiple identity verification and fraud prevention capabilities into a single, streamlined solution, AuthenticID pointed out, adding that it combines ID verification, biometric authentication, KYC (know your customer) and KYB (know your business) data checks, OFAC sanction screening and sophisticated fraud detection tools.
Built for ease of use, it enables mid-market businesses and reseller partners to quickly implement and maintain the platform, leveraging out-of-the-box features for instant functionality, AuthenticID affirmed.
According to the company, this all-in-one platform supports verification across the entire customer journey, whether during digital onboarding or customer care interactions. In addition, it added, AuthenticID360 excels in detecting anomalies and blocking fraud attempts, such as AI-generated IDs or biometric spoofing, delivering precise risk signals to validate transactions.
Industry-leading features in record time
AuthenticID360 prides itself on its ability to process government-issued ID verification, biometric checks and KYC data in just two seconds, offering unparalleled speed and accuracy.
Key features the company listed include:
- A 100 percent automated AI-driven decision engine that reduces bias while maintaining exceptional accuracy.
- Over 500 anti-fraud algorithms to detect counterfeit IDs, deepfake injection attacks and more.
- Customizable tools for monitoring transactions, configuring rules, and adapting to evolving threats.
- Full compliance with KYC and KYB standards, validating essential user data with precision.
AuthenticID360’s future includes such enhancements as age estimation tools, mDL compatibility and digital wallet integration, in development to ensure its relevance in the rapidly evolving digital identity landscape.
“Speed isn’t just about verification; it’s about empowering businesses to adapt swiftly to new challenges,” said Alex Wong, AuthenticID's vice president of product management. To learn more, visit www.authenticid.com.
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