authID Partners with Salus to Enhance Financial Inclusion

The collaboration integrates authID’s PrivacyKey technology, which enables secure biometric authentication without storing sensitive biometric data, into Salus’s digital lending platform. The integration aims to improve access to financial services for individuals lacking traditional credit scores while maintaining robust security measures.

Salus, launched in 2023, partners with credit unions to provide credit access to young and low-income individuals through its automated underwriting platform, which evaluates non-traditional financial data. The partnership includes secure onboarding through deterministic identity validation using facial matching and liveness checks, streamlined regulatory compliance while protecting user privacy, and reduced authentication friction for users unfamiliar with traditional banking processes.

“We help credit unions build trust with members,” said Rhon Daguro, CEO of authID. “This partnership exemplifies how biometrics can broaden financial participation while stopping deepfakes.”

The collaboration comes at a time when regulatory bodies are increasingly emphasizing the importance of robust authentication measures in financial services. According to industry data, 26.7 percent of account takeovers are caused by phishing, highlighting the need for stronger security measures in financial services.

Salus CEO James Chemplavil praised his firm’s new partner, asserting that “authID delivers the rapid, precise verification we need to serve populations excluded by traditional systems.”

AuthID Inc. has been actively expanding its reach and capabilities through strategic partnerships. Recently, the company secured a $10 million AI partnership in India that focuses on biometric verification compliant with new data protection laws. In addition, the company teamed up with TurboCheck to combat hiring fraud, integrating their biometric technology to enable accurate remote onboarding; and in the APAC region, authID has partnered with Berify to expand biometric identity assurance through reusable digital identities.

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