authID's Biometric Identity Platform Selected by Salus to Secure Its Financial Services Solutions for the Underprivileged

Core Insights - authID has been selected by Salus to enhance the onboarding and authentication process for applicants, focusing on user privacy and regulatory compliance [1][2] - Salus aims to provide financial access to underprivileged communities by partnering with credit unions and utilizing authID's technology for efficient identity verification [2][3] Company Overview: authID - authID is a provider of biometric identity verification solutions, ensuring secure and accurate user authentication for enterprises [4] - The company offers a patented biometric identity platform that integrates digital onboarding, passwordless login, and biometric authentication, achieving identity verification in approximately 700 milliseconds [4] Company Overview: Salus - Salus is a fintech organization established in 2023, designed to assist credit unions in providing financial services to lower-income and underbanked individuals [2][5] - The platform aims to automate the underwriting process and eliminate manual credit checks, thereby improving financial access for over 120 million young adults with limited credit histories [2][5] Partnership Benefits - The collaboration between authID and Salus is expected to enhance the user experience by providing fast, accurate, and secure identity verification, which is crucial for building trust with credit union partners [2][3] - Salus chose authID after evaluating various vendors, finding its biometric solutions to be superior in providing a guided user experience and deterministic identity validation [3]