Identity Verification
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authID's PrivacyKey™ Delivers Powerful Performance, Delivering 472% Growth in Biometric Enrollments at One of the Largest Global Retailers
Globenewswire· 2026-02-05 13:00
Identity solution scales at more than 5X while delivering exceptional performance at 97% acceptance rate DENVER, Feb. 05, 2026 (GLOBE NEWSWIRE) -- (Nasdaq: AUID) etc. authID, a leading provider of biometric identity solutions, today announced that a major customer, one of the largest worldwide retailers, is preparing for an expanded rollout of authID’s identity platform after reporting strong operational results. Global retailers face strong threats from deepfakes, AI hack attempts and advanced ransomware, ...
LexisNexis Risk Solutions Launches LexisNexis IDVerse for Insurance to Help U.S. Insurance Companies Combat AI-Driven Threats and Better Protect Their Customers
Prnewswire· 2026-01-29 15:45
Core Insights - LexisNexis Risk Solutions has launched LexisNexis IDVerse for Insurance, an AI-powered solution designed to combat AI-driven fraud in the insurance sector, particularly for U.S. personal lines insurers [1][2] Industry Context - The U.S. Department of Homeland Security projects that losses from generative AI-enabled fraud could reach $40 billion by 2027, highlighting the increasing sophistication of fraud techniques that challenge traditional verification methods [3] Product Features - IDVerse for Insurance utilizes biometric verification, proprietary AI models, and deep neural networks to authenticate and verify identity documents and digital identities quickly at various points in the insurance workflow, including quoting, claims, and customer service [2][4] - The solution aims to reduce fraud risk, enhance efficiency, and protect profitability by automating real-time identity verification, which is seamlessly integrated into the insurance process [2][4] - Key features of IDVerse include biometric face matching, liveness checks, automated decision-making with yes/no verification results, global document coverage, and contextual AI learning that adapts to evolving threats [6] Market Demand - U.S. insurers face increasing pressure to provide seamless digital experiences while ensuring security, as advanced technologies are exploited by fraudsters [4] - The need for sophisticated countermeasures is critical as fraud tools evolve, necessitating insurance companies to adopt advanced technologies like IDVerse to maintain security and enhance customer experience [4]
CLEAR CEO CARYN SEIDMAN BECKER ELECTED AS A CLASS B DIRECTOR TO NEW YORK FED BOARD OF DIRECTORS
Prnewswire· 2026-01-29 11:00
About CLEAR The Federal Reserve Act of 1913 requires each of the Reserve Banks to operate under the supervision of a board of directors. Each Reserve Bank has nine directors who represent the interests of their Reserve District and whose experience provides the Reserve Banks with a wider range of expertise that helps them fulfill their policy and operational responsibilities. The directors of the Reserve Banks act as an important link between the Federal Reserve and the private sector, ensuring that the Fed ...
Recent Market Activity Highlights Diverse Sector Growth
Financial Modeling Prep· 2026-01-16 00:00
Company Highlights - Ambitions Enterprise Management Co. L.L.C (NASDAQ:AHMA) saw its stock price rise to $28.03, marking an 80.88% increase, driven by strong performance in the MICE and tourism sectors [1][7] - authID Inc. (NASDAQ:AUID) experienced a stock price increase to $1.77, a 78.34% rise, reflecting the growing demand for secure, biometric identity verification solutions [2][7] - CALLAN JMB INC. (NASDAQ:CJMB) saw its stock price surge to $3.91, a 249.12% increase, as it shifts towards cold-chain infrastructure to support the $100 billion GLP-1 pharmaceutical market [3][7] - Moolec Science S.A. (NASDAQ:MLEC) experienced a 101.42% increase in its stock price to $7.11, indicating market interest in alternative protein sources and sustainable food technologies [4] - Springview Holdings Ltd (NASDAQ:SPHL) saw its stock price jump to $15.9, a staggering 606.67% increase, highlighting robust demand in the construction sector [5] Industry Trends - The movements in stock prices reflect diverse sectors experiencing growth, including technology, biotechnology, logistics, and construction, indicating broader economic trends and investor interests [6] - Strategic initiatives and partnerships by these companies demonstrate a proactive approach to capitalizing on market opportunities and addressing industry demands [6]
FOREWARN to Provide Identity Verification Services to Spokane REALTORS® to Promote Agent Safety
Globenewswire· 2026-01-15 13:00
Core Insights - Spokane REALTORS Association has contracted with FOREWARN to provide safety services to over 2,400 real estate professionals in the Spokane area [1][3] - FOREWARN offers real-time information solutions that analyze billions of data points to help agents verify identities, check criminal histories, and validate client information using just a phone number [2][5] Company Offerings - The FOREWARN services will be available to Spokane REALTORS members at no additional cost, enhancing agent safety and confidence during client interactions [2][3] - FOREWARN's technology enables organizations to conduct risk assessments and due diligence efficiently, ensuring safer engagements and smarter interactions [5][6] Industry Context - The real estate industry often involves agents interacting with unknown prospects, making safety a critical concern [3] - The partnership between Spokane REALTORS and FOREWARN represents a proactive approach to addressing safety and risk management in real estate transactions [1][3]
H.C. Wainwright Raises Intellicheck (IDN) PT on Identity Verification Growth
Yahoo Finance· 2026-01-08 19:00
Core Insights - Intellicheck Inc (NASDAQ:IDN) is recognized as one of the best-performing micro-cap stocks in 2025, with H.C. Wainwright raising its price target from $6 to $8.50 while maintaining a Buy rating based on the company's growth in identity verification [1][3]. Group 1: Financial Performance - Intellicheck experienced a 14% revenue increase during the first nine months of 2025, attributed to a strategic shift away from struggling retail clients towards more stable sectors such as banking, title insurance, and automotive [3]. - In Q3 2025, Intellicheck reported revenue of $6.01 million, which is 28% higher than Q3 2024 and exceeded the expected $5.25 million [5]. - The company's earnings per share (EPS) also surpassed expectations, reporting a profit of $0.01 compared to a forecasted loss of $0.02 [5]. Group 2: Strategic Focus - The analysts noted that Intellicheck's pivot to stronger sectors has helped mitigate significant declines in retail sales, indicating that this strategic shift is yielding positive results [3]. - H.C. Wainwright highlighted the potential for significant revenue and reputational gains from the full rollout of a major customer contract, leading to an increase in 2026 revenue predictions and a rise in the valuation multiple from 4.0x to 6.0x [4]. Group 3: Company Overview - Intellicheck specializes in identity authentication and fraud prevention solutions, integrating its platform with point-of-sale systems, mobile devices, and online portals to verify government-issued IDs in real time [6].
authID and TurboCheck Selected by Global Workforce Solutions Provider to Address the Surge of Employment Identity Fraud
Globenewswire· 2026-01-08 05:30
Core Insights - authID has secured a partnership with one of the world's largest workforce solutions providers to enhance hiring security against employment identity fraud, particularly from AI-generated impostors [1][2][3] - The partnership with TurboCheck aims to provide real-time verification of workers, addressing the urgent threat of hiring fraud, which is projected to affect one in four job candidates by 2028 [3][4] Company Overview - authID specializes in biometric identity verification and authentication solutions, ensuring organizations can verify identities effectively and securely [1][10] - The company’s technology includes features like deepfake-resistant biometric verification, global document verification, and geolocation corroboration to confirm candidate presence [8][10] Industry Context - The rise of AI-generated identities poses significant risks to employers, with fraudulent applicants potentially leading to substantial financial losses and reputational damage [3][4] - Major employers are increasingly adopting identity-verified interviews and trusted onboarding workflows to combat the threats posed by AI-generated resumes and identities [4][6] Partnership Details - The collaboration with TurboCheck will utilize authID's Proof™ and Verified™ technologies to validate candidates before interviews and ensure ongoing trust throughout the employee lifecycle [5][6] - This partnership is positioned to enhance the security of the hiring process, particularly as remote and hybrid work models become more prevalent [9][10] Market Implications - The partnership reflects a growing demand for trusted workforce identity verification across various sectors, including staffing, recruiting, and gig-economy platforms [9] - The financial liability from hiring fraud is significant, with organizations losing an average of 5% of their annual revenue to occupational fraud, often stemming from dishonest hires [3][4]
authID and TurboCheck Selected by Global Workforce Solutions Provider to Address the Surge of Employment Identity Fraud
Globenewswire· 2026-01-08 05:30
Core Insights - authID has secured a partnership with one of the world's largest workforce solutions providers to enhance hiring security against employment identity fraud, particularly from AI-generated impostors [1][2][3] Company Overview - authID is a leading provider of biometric identity verification and authentication solutions, focusing on protecting organizations from identity fraud in hiring and workforce operations [1][10] - TurboCheck, the technology partner, is recognized as the 1 job applicant fraud detection platform globally, addressing the rising threat of fraudulent applicants [11] Industry Context - Hiring fraud is increasingly recognized as a significant threat, with projections indicating that by 2028, one in four job candidates globally will be fake due to AI-generated identities [3] - Major employers are adopting identity-verified interviews and trusted onboarding workflows to combat the risks posed by AI-generated identities and deepfake technologies [4] Technological Solutions - The partnership will utilize TurboCheck's fraud detection tools, powered by authID Proof™ and authID Verified™, to validate candidates before interviews and ensure ongoing trust throughout the employee lifecycle [5][6] - The combined solution offers deepfake-resistant biometric verification, global document verification, geolocation, and identity corroboration to confirm candidate presence [8] Market Demand - The demand for trusted workforce identity verification is escalating across various sectors, including staffing, recruiting, and gig-economy platforms, as remote and hybrid work models become more prevalent [9]
SMX Mission To Provide Gold Verified Identity Advances With Two New Industry Alliances
Accessnewswire· 2025-12-22 16:15
Core Insights - The value of gold has historically been based on weight, purity, and trust, but these attributes alone are no longer sufficient in modern markets [1] Industry Summary - The traditional metrics for valuing gold are evolving, indicating a shift in market dynamics that may affect investment strategies [1]
CLEAR Launches CLEAR ID: A New, Free Way to Present Your ID at TSA Checkpoints with the CLEAR Mobile App
Globenewswire· 2025-12-15 11:00
Core Insights - CLEAR has launched CLEAR ID, a free mobile digital ID that allows travelers to verify their identity at over 250 TSA checkpoints using the CLEAR Mobile App, enhancing convenience and security for travelers [1][2][3] Group 1: Product Features - CLEAR ID enables U.S. passport holders to create and securely store a TSA-accepted digital ID in the CLEAR App for domestic travel, allowing them to present their ID via QR code at TSA checkpoints [2][4] - The service is available to all travelers without requiring a CLEAR+ Membership, making it accessible for both frequent and occasional flyers [3][5] - For CLEAR+ Members, CLEAR ID offers added convenience, especially in airports without CLEAR+ Lanes, by consolidating travel information in one place [4] Group 2: Company Mission and Vision - CLEAR's mission is to enhance security and create frictionless experiences, with over 33 million members and a growing network of partners globally [6] - The company emphasizes privacy, ensuring that members have control over their information and that member data is not sold [6]