authID.ai Inc revealed that fully regulated, global institution Hamilton Reserve Bank (HRB) has deployed the company's Identity as a Service (IDaaS) platform.
authID.ai’s biometric identity products are helping HRB reduce the operational costs associated with supporting password resets, and mitigate security risks arising from stolen passwords, phishing, and account takeovers.
In addition to deploying the firm's Verified product, Proof by authID.ai also delivers automated identity verification during digital onboarding of HRB’s global clientele.
"Everything starts with trusted identity," said Tom Thimot, CEO of authID.ai Inc in a statement.
"Our identity platform offers innovative solutions that are flexible, fast, and easy to integrate. authID.ai is committed to helping banks across the globe reduce the risk of identity fraud, eliminate the costs and hassles of passwords and ultimately deliver seamless authentication experiences to their customers."
READ: authID.ai to raise US$10M in public offering and list on Nasdaq
authID.ai is a Temenos Marketplace provider and will provide high levels of identity assurance as HRB, which supports customers in over 150 countries, launches new digital banking services, said the company.
"We are pleased to see authID.ai, a Temenos Marketplace provider, launch its identity services integrated with Temenos Infinity at Hamilton Reserve Bank," added Martin Bailey, Director of Innovation and Ecosystems, Temenos.
"We carefully consider and curate a community of best-in-class fintech solutions that complement Temenos software to create the Temenos MarketPlace. authID.ai’s innovative biometric solutions will enable Hamilton Reserve Bank to not only combat identity fraud but simplify and streamline the customer journey with Temenos Infinity."
Prabhakar Kaza, CEO of Hamilton Reserve Bank, added: "Hamilton Reserve Bank’s new digital banking platform makes it possible to achieve our mission of onboarding one-million new customers within the next 12 months, and authID helped us comply with rigorous regulatory programs through an automated onboarding product that accurately delivers secure, document-based identity verification and facial biometric matching of the customer."
authID.ai is aiming to eliminate all passwords and become the preferred global platform for biometric identity authentication.
Contact the author at giles@proactiveinvestors.com