authID Receives Industry Luminary Classification in The Prism Project’s 2024 Biometric Digital Identity Flagship Report

Company Overview - authID® (Nasdaq: AUID) is recognized as a leading provider of biometric identity verification and authentication solutions, achieving top rank in The Prism Project's 2024 Biometric Digital Identity Prism Flagship Report [1][3] - The company focuses on ensuring enterprises can accurately verify user identities, preventing cybercriminal activities and enhancing user experience through its patented biometric identity platform [7] Industry Insights - The global biometric digital identity industry is projected to generate over $315 billion in revenue, with biometric transactions expected to reach 5.6 trillion from 2024 to 2028 [5] - Biometrics are increasingly critical in reducing fraud, improving operational efficiency, preserving privacy, and enhancing user experience amid digital transformation [2][4] Product Differentiation - authID offers unique capabilities, including one-in-one-billion false-match accuracy and verification speeds of 700 milliseconds, ensuring a high level of trust and privacy protection for users [6] - The company's solutions are designed to integrate seamlessly into existing user infrastructures, providing a user-friendly experience while maintaining compliance with privacy regulations [6] Market Position - The Prism Project evaluated over 130 vendors in the biometric digital identity ecosystem, highlighting authID's leadership in deterministic solutions and its commitment to excellence in biometric authentication [3][5] - The report serves as a roadmap for decision-makers in the biometric digital identity ecosystem, emphasizing the importance of implementing effective biometric solutions like those offered by authID [4]