authID Brings Biometric IDV to Syntrove Anti-fraud Platform

authID Inc. and Syntrove have announced an OEM partnership to integrate authID’s biometric identity verification solutions into Syntrove’s risk and fraud technology platform, in a partnership that aims to enhance identity assurance and combat AI-driven fraud and cyberattacks.

authID’s biometric capabilities will be distributed to Syntrove’s clients across various industries, including banking, insurance, gaming, crypto, and supply-chain enterprises. The integration aims to improve the security and efficiency of identity verification processes.

“Our partnership with Syntrove is a force multiplier that helps accelerate the delivery of our next-gen biometric authentication solutions into a broad set of verticals,” said Rhon Daguro, CEO of authID. “We are excited to work with Syntrove to onboard our first joint customer from the gaming industry to secure workforce identity.”

The collaboration will leverage authID’s biometric and document-based identity verification to onboard new consumers and employees quickly and accurately. The platform supports over 13,000 types of government-issued ID documents and features Presentation Attack Detection (PAD) technology to counteract deepfakes and other attacks.

“We partnered with authID for its market-leading speed, accuracy and precision in delivering trusted identity solutions that defeat today’s adversarial AI-driven cyberattacks in record time,” said Matt Goodman, CEO and Founder of Syntrove. “Together, Syntrove and authID will deliver the strongest identity assurance available, so our enterprise customers know who is behind the device every time and can trust the presented ID is authentic, while their users enjoy a fast, seamless authentication experience.”

Last year, authID announced a registered direct offering expected to raise approximately $9.4 million through the sale of shares of its common stock. At that time, Daguro highlighted the company’s growth prospects, noting that the target for Booked Annual Recurring Revenue had doubled from $3 million to $6 million by Q2 of 2024, with expectations of reaching $9 million for the full fiscal year.

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June 20, 2024 – by Tony Bitzionis