authID Inc. announced on October 23, 2024, that Imperial Technologies Inc., a broadband and wireless high-speed internet provider, has signed a multi-year agreement. Imperial Technologies will deploy authID’s biometric identity and document verification services. This partnership aims to streamline and secure new customer onboarding processes for the telecommunications provider.
The agreement addresses the challenge of identity fraud in the telecommunications industry, where fraudulent accounts can lead to significant financial losses. authID's solutions will provide secure digital onboarding and biometric authentication, ensuring that new customers are legitimate. This helps Imperial Technologies mitigate risks associated with fraudulent sign-ups and account takeovers.
Rhon Daguro, CEO of authID, highlighted the importance of securing customer onboarding in the telecommunications sector. He stated that authID's technology offers a fast, accurate, and user-friendly experience, which is crucial for high-volume customer acquisition. This collaboration expands authID's market presence into a new vertical, demonstrating the versatility of its biometric identity platform.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.