authID has been selected by First Mile Labs, a UK-based compliance orchestration provider for financial services, to verify the identities of employees being onboarded to the banks and financial institutions its platform serves.
The deal targets a corner of identity fraud that has grown rapidly with generative AI: fake employees. authID, which trades on Nasdaq under AUID, cites Growth Market Reports figures putting losses inflicted by fake employees at 4.1 billion dollars in 2024, a total projected to triple by 2033. A Checkr survey of 3,000 hiring managers found 23 percent had experienced losses greater than 50,000 dollars from hiring or identity fraud in the past year, while Gartner projects that one in four job candidates could be fake by 2028.
First Mile Labs operates a vendor-agnostic orchestration layer for corporate onboarding, integrating the identity verification, anti-money-laundering, and know-your-business tools that banks and payment institutions already use, and automating straight-through approvals. authID’s role in that flow is biometric identity assurance: verifying government-issued documents, running liveness detection to confirm both the document and the person are physically present, matching the ID portrait to a selfie, and detecting deepfakes presented to or injected past the camera.
“Our clients leverage our no-code platform in order to onboard only trusted individuals and organizations,” said Matthew Goodbody, founder of First Mile Labs. “authID elevates our ability to deliver those trusted identities with frictionless biometric verification.” Goodbody had worked with authID’s technology at a previous vendor, according to the companies, and chose a partner whose accuracy he already trusted.
authID CEO Rhon Daguro drew the distinction bluntly: “Fraudulent customers can cost you money. But fraudulent insiders are an existential threat.” Ghost employees typically commit fraud through payroll, expense reimbursement, intellectual property theft, and asset misappropriation, the company noted.
Workforce verification has become a distinct battleground for identity vendors this year. authID recently joined the Microsoft Entra Verified ID partner ecosystem, positioning its biometrics for enterprise employee credentials, while hiring platforms have moved in parallel, with Employ adding ID.me identity checks to counter AI-generated candidates.
Sources: GlobeNewswire
–
By the ID Tech Editorial Team
