AuthenticID Launches Deep Fake and Generative AI Detection Solution

AuthenticID Launches Deep Fake and Generative AI Detection Solution

Identity proofing and fraud detection company AuthenticID launched a new solution today to detect deep fake and generative AI injection attacks. 

An injection attack occurs when a fraudster injects a deepfake– which could be a synthetic document, video, facial image, or audio representation– into an identity verification workflow to spoof the system. This works to bypass traditional fraud detection and identity verification methods.

The company noted that it uses three, proprietary algorithms to prevent the majority of digital injection attacks that leverage AI-generated content. The three algorithms include visual fraud algorithms that detect counterfeit and synthetic elements, text fraud algorithms that detect errors within false documents, and behavioral algorithms that focus on activity during the ID capture and submission.

AuthenticID’s automated approach limits human bias and lag time from interfering in the detection and decisioning process. This enables the new solution to stop injection attacks and deep fake attacks in a matter of milliseconds. 

“The widespread availability of inexpensive, easy-to-use tools allows bad actors to create highly convincing fake identity documents and biometrics,” said AuthenticID VP Product Management Alex Wong. “Recent news stories have shown just how devastating these attacks can be to any organization. Our deep fake injection attack solution meets a critical need to determine the legitimacy of a user in this new era of technology.”

Despite the new technology’s level of sophistication, the company notes that its new algorithms are not a “silver bullet” to defend against injection attacks. That’s because fraudsters are perpetually evolving their tactics to circumvent new security methods.

Founded in 2001, AuthenticID offers identity proofing, ID verification, biometric authentication, and fraud shield tools to support the fight against cybercrime. Additionally, the company’s Identity Fraud Taskforce continuously develops new algorithms to improve AuthenticID’s identity decisioning engine to help identify and stop fraud.


Photo by Pedro Vit on Unsplash

AuthenticID Scores $100 Million in New Funding

AuthenticID Scores $100 Million in New Funding

AuthenticID, an identity proofing solution provider for the enterprise, has raised $100 million in funding from Long Ridge Partners. The investment will help the company continue to bring innovative identity proofing solutions to its customers in financial services, telecommunications, government, and other sectors.

“Our platform is relied upon by a majority of the U.S. wireless carriers and various identity platform to securely establish identity,” AuthenticID CEO Jeff S. Jani said. “Our differentiator is the significant ROI we deliver to customers, from stopping more fraud to converting more sales than our digital identity competitors. Our mission is to improve the security for all of our collective identities.”

Union Square Advisors, a boutique technology-focused investment bank, served as AuthenticID’s financial advisor in the transaction.

AuthenticID gives businesses the ability to conduct document-centric identity verification with a high degree of accuracy and fast processing times. The 100% automated solution helps companies increase conversion rates and eliminate fraud at a time when businesses are seeing a surge in the volume of customers who need to be digitally onboarded in order to use their services. AuthenticID leverages machine learning algorithms, AI-powered neural networks, and state-of-the-art computer vision to determine when photos and faces do not match, whether identification documents are fraudulent, and if either the name or face being analyzed has been associated with suspicious activity in the past.

Founded in 2001 by Blair Cohen, AuthenticID made its Finovate debut two years later at FinovateSpring. In the years since, AuthenticID has brought its technology to ten companies in the Fortune 100, three of the top U.S. banks, two of the top three credit reporting agencies, and three of the top five telecommunications companies in the U.S., as well as several international banks and companies around the world. Earlier this month, the company announced that it had reached a new milestone with the launch of its new enterprise-grade SaaS system that can process nearly 35 million identity proofing transactions in a day and more than one billion in a single month.

“AuthenticID has built a market-leading computer vision system to meet the ever-growing requirements of this market,” AuthenticID Chief Technology Officer Richard Huber Jr. said when the milestone was announced. “Our system sets a new standard for reliably and accurately verifying anyone’s identity from anywhere in the world.”


Photo by Steve Johnson from Pexels

20 Finovate Alums Earn Spots on One World Identity’s Top 100 Influencers List

20 Finovate Alums Earn Spots on One World Identity’s Top 100 Influencers List

When you think about it, what’s cooler than being named to a Who’s Who list in the world of digital identities?

One World Identity, an independent identity research and strategy company that specializes in cybersecurity, digital commerce, and risk management, published its roster of the Top 100 Influencers in Identity this week. This year, 20 Finovate alums made the cut. The individual influencers – as well as the companies they work for- are listed below.

As with last year’s roster, this year’s list was compiled by taking nominations submitted via Twitter, LinkedIn, and at oneworldidentity.com. The staff and advisory council for One World Identity whittled down the initial list of more than 1,000 nominees to a final 100.

One World Identity began as a project from a group of Google employees back in 2015. The company was officially launched the following year as a way to help spur innovation and collaboration in the field of digital identities. Travis Jarae is founder and CEO.

Finovate Alumni News

On Finovate.com

  • SuperMoney Launches Auto Loan Offer Engine.
  • Ondot Systems Unveils Card Control Integration Platform.

Around the web

  • Frost & Sullivan recognizes Mambu with the 2017 Europe Growth Excellence Leadership Award.
  • Fiserv acquires Dovetail Group Limited, a payments and liquidity management company.
  • New token sale from AuthenticID will enable Blockchain adoption.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Signicat Launches Mobile Authentication.
  • 3 Steps to Take During the Countdown to GDPR and PSD2.

On FinDEVr.com

Around the web

  • NuCypher earns finalist spot in BBVA Open Talent 2017. Join NuCypher at FinDEVr London, Jun 12 & 13.
  • TSYS enables tokenization across its North American commercial card platforms.
  • Catholic Vantage Financial ($98M) hires Insuritas to deploy and manage their insurance agency solution.
  • AuthenticID enhances CatfishAIR Identity Platform to support real-time identity authorization for CNP transactions.
  • Vera announces support for multi-factor authentication solutions from Duo Security, RSA SecureID, and fellow Finovate alum, Twilio.
  • Amsterdam Trade Bank (ATB) to streamline banking, treasury, and finance operations in partnership with Misys.
  • Cisco and IBM team up on security.
  • Glenmede taps IHS Markit for data management.
  • GMC Software launches Business Partner Track for Partner Advantage Program
  • Expensify exceeds 35,000 global customers, adding Xero, HappyFresh, GoCardless, and Adroll as clients
  • Jumio announces expansion into new Shoreditch U.K. headquarters.
  • Steve Lewczyk joins Trizic as new Chief Revenue Officer.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Check out this week’s FinDEVr APIntelligence.
  • “Avalara, Signifyd Bring Sales Tax, Fraud Solutions to Magento E-Commerce Marketplace”
  • “Ixaris Receives $6 Million in Funding After Spinning Off from Parent Company”

Around the web

  • BankNxt’s BIGcast interviews CEO Steve Hoffman of SayPay Technologies.
  • OutsideIQ joins fintech accelerator, Bank Innovation INV, as an API partner. See OutsideIQ at FinovateSpring in San Jose next month.
  • Vix Verify opens new offices in Atlanta, Georgia’s Transaction Alley as part of American expansion.
  • Algomi partners with IPC Systems to support buy-side users of its Honeycomb network.
  • Bank Innovation takes a look at CBANC and its effort to make social media work for banks.
  • “AuthenticID Wins All Payments Expo Shark Tank with CatfishAIR Identity Verification Solution”
  • Chase launches OnDeck-powered SMB Loan platform.
  • “CardFlight and Miura Systems Partner to Offer EMV and NFC Mobile POS Solution to the U.S Market”
  • MIT adopts Ripple validator to advance consensus and blockchain research.
  • “LPL Selects BlackRock’s FutureAdvisor as Robo Platform”
  • CIOReview names Praesidio in list of top 20 Most Promising Banking Technology Solution Providers for 2016.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

AuthenticID Teams Up with MyECheck to Provide Document Authentication

AuthenticID Teams Up with MyECheck to Provide Document Authentication

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What happens when you combine a biometric ID-authentication specialist with an innovator in the field of electronic checks?

AuthenticID is partnering with MyECheck to bring Automated Forensic Document Authentication to electronic checking. Blair Cohen, founder and CEO of AuthenticID, said that his company’s technology will help MyECheck spot counterfeit documents, as well as documents that have been tampered with. Said Cohen, “[MyECheck] will benefit from our cloud-based, real-time solution that runs on the web, mobile devices, and tablets and its readily available APIs.”

The partnership means AuthenticID’s CatfishAIR ID-authentication technology will be integrated into MyECheck’s mobile payment solution, MyEPay. This includes AuthenticID’s check imaging technology, as well.

Ed Starrs, chairman and CEO of MyECheck, says that his company has a strong record of defending against fraud. He pointed out that after clearing more than 10 million electronic checks, his company has “no incidences” of fraud. “But by partnering with AuthenticID and integrating biometric facial recognition technology into our mobile app,” Starrs says MyECheck is “furthering its commitment to security.”

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AuthenticID founder and CEO Blair Cohen demonstrated his company’s technology at FinovateFall 2013

AuthenticID’s biometric authentication works by combining Automated Forensic Document Authentication (AFDA) and a Facial Recognition Engine (FRE). Consumers take a selfie-style picture of themselves with their mobile phone, which is then compared to a photo of the consumer that is on the official ID document such as that on a driver’s license or passport.

The result is a two-factor biometric authentication-solution that is unique, fast, and accurate. Starrs said the technology would help provide authentication that was “light-years ahead of other payment methods.”

An alum of both FinovateSpring and FinovateFall in 2013, AuthenticID was founded in January 2012 and is headquartered in Atlanta, Georgia.

Finovate Alumni News

On Finovate.com

  • AuthenticID Teams Up with MyECheck to Provide Document Authentication

Around the Web

  • OEM agreement between Kofax and BlackHawk Network enables mobile capture on GoWallet digital wallet.
  • Early Warning and BioCatch to collaborate in new data-sharing consortium.
  • Q2 teams up with Acculynk to provide real-time P2P payment service.
  • The Netbanker Blog is Moving to Finovate.com.
  • Lending Club and Citi partner with Varadero Capital to facilitate up to $150 million in loans to provide affordable credit to underserved borrowers and communities.
  • Options trading tool, Orca, partners with Tradier for its Brokerage API.
  • Prosper and OnDeck partner to offer customers more lending options.
  • GDS Link integrates MiiCard’s DirectID into its Credit Risk Management platform to reduce risk and increase conversion rates.
  • Lendio acquires Business Bounce to accelerate business lending on its marketplace platform.
  • PaySimple awarded Marketing Team of the Year by Marketo.
  • TechCrunch reports: SecondMarket launching product to put more control over secondary sales in the hands of startups.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– February 26, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFeedzai releases API updates to its fraud detection technology.
  • Bank of the West adds Snap-to-Pay functionality from Fiserv to its mobile banking app.
  • authenticID partners with Sionic Mobile to bring catfishAir to ION Rewards and ShopGive consumer apps.
  • Azimo expands its online money transfer service to Romania.
  • Fastacash teams up with Visa Europe, enabling P2P payments via social network for users of Visa Direct.
  • Finovate Debuts: InvestUp Launches UK Crowdfunding Supermarket.
  • PYMNTS looks inside MasterCard’s Masters of Code Hackathon.
  • ProfitStars launches EPS SmartPay Express to enable FIs to provide online payment and donation services for business customers.
  • PayPal and eBay prepare for breakup later this year.
  • Boku launches phone-on-file technology to remove friction from online transactions.
  • TransferWise marks US launch with #nothing2hide semi-naked march through New York financial district.
  • Fintech Finance’s video production showcases FinovateEurope 2015 action.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– February 26, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOn Budget wins 2014 Paybefore Award as “One to Watch.”
  • United Bank Limited picks VoiceTrust for voice biometrics.
  • InComm partners with Asia-based Money Online to launch POS-activated gift card mall solutions in Southeast Asia.
  • Rezzcard to integrate with InComm’s Cashtie to enable Rezzcard cardholders to pay their rent in cash at over 70,000 retail locations.
  • American Banker reports: Western Union to use NICE Customer Analytics. Come see its new tech at FinovateSpring.
  • Xero reaches 100,000 paying customers in Australia.
  • Check out an interview with BRIDGEi2i Director and Co-Founder, Ashish Sharma.
  • SecondMarket considering U.S.-based bitcoin exchange.
  • Live Gamer customers to get access to MasterCard’s MasterPass digital payment service.
  • authenticID enhances ID proofing technology to help combat cloned credit card fraud.
  • Green Dot wins top honors in four categories at 2014 Paybefore awards.
  • Global Banking & Finance Review takes a look at Kalixa Group’s American expansion.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

authenticID Enhances ID Proofing Technology to Help Combat Cloned Credit Card Fraud

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authenticID has announced new enhancements to its CatfishID identity proofing solution that make it even harder for fraudsters to use cloned credit cards.

CatfishID combines authenticID’s sizable library of government-issued identification cards with techniques to verify micro prints, read bar code and magnetic stripe data, and make front-to-back card data comparisons. This provides an additional layer of verification that makes once major source of credit card fraud – cloned cards – that much more difficult to pull off.

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This technology – automated forensic document authentication (AFDA) – is not new, according to the company. But what is innovative is the way authenticID is deploying the technology to the specific task of detecting fraudulent or counterfeit identification.
Blair Cohen, CEO of authenticID said, “We are the only technology company specializing in identity authentication offering a solution that eliminates the use of a cloned credit card.”
Learn more about CatfishID here.
Based in Atlanta, Georgia, authenticID was founded in 2012. The company demoed its PictureID technology as part of the FinovateFall 2013 show in New York.

AuthenticID’s PictureID Heralds the End of ID Fraud

Thumbnail image for authenticIDLogo.jpgThis post is part of our live coverage of FinovateFall 2013.

Our next presenter is authenticID, demoing their identity proofing solution, pictureID.
“authenticID’s identity authentication solution, pictureID annihilates ID fraud. It is the only system that’s invulnerable to fraud schemes. Our unique agreements allow pictureID to connect directly with document issuers in the U.S. and Canada. This allows companies to go directly to the source for identity authentication. 
Unlike current identity proofing providers – we don’t ‘guess.’ We provide absolute confirmation since document issuers records are unique to every citizen. There’s no way to trick pictureID – it returns a picture of the real consumer on file with the document issuer – with 100% accuracy.”
Product Launch: May 14, 2013
Metrics: Over $1M pledged; installed in nuclear facilities, either in or starting proof of concept with a major U.S. telecom, retailer, and a top 5 bank.
Product distribution strategy: Direct to Business (B2B) & through other fintech companies and platforms.
HQ: Atlanta, Georgia
Founded: January 2012
Twitter: @authenticID
Presenting Blair Cohen (CEO), Karl Perman (VP Business Development)

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The full demo video will be available at Finovate.com in mid-September.