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][3] - Salus aims to provide financial access to underprivileged communities by partnering with credit unions and utilizing authID's biometric identity verification technology [2][5] Company Overview - Salus is a fintech organization launched in 2023, designed to assist credit unions in providing credit to lower-income, thin-file, and typically younger individuals, targeting over 120 million underserved adults [2][5] - authID specializes in biometric identity verification and authentication solutions, ensuring secure and accurate user identity verification to prevent fraud and cyberattacks [4][5] Technology and Integration - Salus chose authID for its advanced biometric verification solutions, which offer a seamless user experience and help build trust between credit unions and their members [2][3] - authID's technology integrates with existing platforms for automated underwriting and data analysis, enhancing the ability of credit unions to confidently lend to underbanked members [2][4] Strategic Goals - The partnership between Salus and authID aims to broaden access to financial services for individuals who struggle with traditional banking processes, emphasizing speed, accuracy, and privacy protection [3][4] - Both companies are committed to improving financial stability for underserved populations by leveraging innovative technology to streamline the lending process [2][3]