PrivacyKey™ wins Best Digital Trust Solution for its secure, fast, privacy-focused biometric authentication in digital payments.
Quiver AI Summary
authID, a provider of biometric identity verification solutions, announced that its product PrivacyKey™ has won the Best Digital Trust Solution award at the 2025 PayTech Awards, recognizing its innovation in the fintech industry. PrivacyKey delivers quick, privacy-focused biometric authentication that enhances security and trust in digital payments by providing a seamless user experience while protecting sensitive data without retaining facial biometrics. The system combines liveness detection and biometric matching to ensure compliance and prevent fraud throughout the digital transaction process. With its advanced key management capabilities, PrivacyKey has become a trusted choice for many leading companies, integrating into services provided by NEC Networks, Prove, and others. authID's CEO and Chief Product Officer both emphasized the importance of this recognition in advancing digital trust and their commitment to enhancing security in an evolving cybersecurity landscape.
Potential Positives
- PrivacyKey™ has been recognized as the Best Digital Trust Solution for ID Verification & Authentication at the 2025 PayTech Awards, highlighting its excellence and innovation in the fintech industry.
- The product enhances security across digital transactions by combining liveness detection, advanced biometric matching, and a privacy-preserving architecture, leading to increased trust among consumers and enterprises.
- PrivacyKey's unique features and compliance with global standards position authID as a key player in combating fraud in the financial services sector.
- The recognition supports authID's mission to eliminate the trade-off between security and convenience in biometric identity authentication, further establishing its brand in the market.
Potential Negatives
- While PrivacyKey has received recognition for its performance, the reliance on a single product for identity verification may expose authID to risks if competing solutions introduce significant advancements or if PrivacyKey faces security vulnerabilities.
- The emphasis on speed and convenience in biometric authentication may raise concerns about sufficient security measures and the potential for data breaches, given the increasing sophistication of cyber threats in the industry.
- authID's dependence on partnerships with other companies, such as NEC Networks and System Integration Corporation (NESIC), could pose challenges if these partnerships do not yield the expected market growth or if partners encounter issues that negatively affect authID's reputation.
FAQ
What is PrivacyKey™ by authID?
PrivacyKey™ is a biometric identity verification solution that provides fast, secure, and privacy-first authentication for digital payments.
Why was PrivacyKey™ recognized by Fintech Futures?
It was named Best Digital Trust Solution for its excellence in ID verification and authentication in the 2025 PayTech Awards.
How does PrivacyKey™ enhance security in digital transactions?
PrivacyKey™ uses liveness detection, advanced biometric matching, and patented architecture to ensure secure and fraud-proof transactions.
What sets PrivacyKey™ apart from competitors?
PrivacyKey™ eliminates the need for storing facial biometrics while providing key-management capabilities and high performance in identity verification.
How does authID ensure user privacy and compliance?
authID’s PrivacyKey™ architecture prevents storing sensitive data, ensuring user privacy and compliance with global standards.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AUID Insider Trading Activity
$AUID insiders have traded $AUID stock on the open market 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $AUID stock by insiders over the last 6 months:
- STEPHEN JEFFREY GARCHIK purchased 126,608 shares for an estimated $216,499
- KEN JISSER purchased 40,650 shares for an estimated $50,406
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$AUID Revenue
$AUID had revenues of $-106.1K in Q3 2025. This is a decrease of -142.64% from the same period in the prior year.
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$AUID Hedge Fund Activity
We have seen 6 institutional investors add shares of $AUID stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CONNECTIVE CAPITAL MANAGEMENT, LLC added 44,922 shares (+59.1%) to their portfolio in Q3 2025, for an estimated $143,301
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- GEODE CAPITAL MANAGEMENT, LLC added 19,780 shares (+18.7%) to their portfolio in Q3 2025, for an estimated $63,098
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Full Release
PrivacyKey™ recognized for delivering fast, secure, privacy-first biometric authentication that enhances trust across digital payments
DENVER, Dec. 10, 2025 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced that its flagship product PrivacyKey™ has been named Best Digital Trust Solution – ID Verification & Authentication by Fintech Futures for the 2025 PayTech Awards , which celebrate excellence and innovation in the global payments and fintech industry.
PrivacyKey delivers sub-second, deterministic biometric authentication with a privacy-first approach that ensures users are who they claim to be, while safeguarding sensitive data and meeting global compliance standards. By combining liveness detection, advanced biometric matching, and a patented, privacy-preserving architecture, PrivacyKey enhances security across the entire digital transaction lifecycle. From account creation and onboarding to payments approvals and ongoing user verification, PrivacyKey offers consumers and enterprises a seamless, fraud-proof experience.
“We are honored that PrivacyKey has been recognized by the PayTech Awards as a leading digital trust solution. At authID, our mission is to eliminate the trade-off between security and convenience by making biometric identity authentication seamless for users and highly effective for enterprises,” said authID CEO Rhon Dauguro . “This recognition validates the impact of PrivacyKey in helping financial institutions and payments providers combat fraud, protect consumers, and strengthen trust. We look forward to continuing to set the standard for secure, frictionless authentication in the payments industry and beyond.”
PrivacyKey features critical key-management capabilities that ensure the highest level of user protection and privacy. Enterprises can rotate and revoke keys with ease, ensuring the keys are accessible only to authorized users, providing a level of security not available through any other vendor. PrivacyKey represents the ultimate in data privacy protection as well as compliance, given that no facial biometrics are stored.
PrivacyKey’s encrypted public keys are minted when users are validated by authID’s Proof TM solution, the fastest and more accurate biometric IDV platform in the industry. The unique architecture and value of PrivacyKey is the reason it has been chosen by many industry leaders for their identity assurance component. This has led to authID being embedded in technology offered for customers of NEC Networks and System Integration Corporation (NESIC), Prove, and MajorKey, and available in the marketplaces for Zendesk and Nvidia, acting as a critical, easily-integrated option for biometric verification in front of those platforms. PrivacyKey replaces the tokens, facial images, or other vulnerable, device-bound artifacts utilized by other vendors, ensuring privacy protection and industry-leading performance and accuracy.
In addition to its value for human verification, PrivacyKey is a critical part of authID’s IDX platform for securing distributed workforces. It also serves to power the authID Mandate framework for Agentic AI security, by ensuring that AI agents can only be launched after being bound to the credentials of biometrically-verified sponsors, as described in our recent announcement .
“Being named the winner of the Paytech Awards for verification and authentication underscores our commitment to advancing digital trust,” commented Erick Soto, authID’s Chief Product Officer. “We will continue to redefine how enterprises and consumers protect themselves in an increasingly complex threat landscape, while helping organizations build their businesses by onboarding only trusted individuals.”
The full list of 2025 PayTech Award Winners can be found here .
About authID
authID® (Nasdaq: AUID) ensures enterprises “Know Who's Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user's identity, eliminating any assumption of 'who' is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Leveraging a 1-in-1-billion False Positive Rate for the highest level of assurance, coupled with industry-leading speed and privacy-preserving technology, authID provides the most secure digital identity experience. Our IDX platform secures the distributed workforce of employees, contractors, and vendors, as well as bringing authorization and accountability for AI agents through our authID Mandate framework. By creating a biometric root of trust for each user, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and most accurate user identity experience in the industry. For more information, please visit www.authID.ai .
authID Investor Relations
