CU NextGen Launches AuthID Credited Identity Services

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Transforms how its credit unions recognize members, both digitally and in person

Denver, CO and Wilmington, DE, August 25, 2021 (GLOBE NEWSWIRE) – As financial institutions seek to strengthen and simplify identity verification and secure authentication, authID.ai (formerly Ipsidy) [Nasdaq:AUID], a leading provider of secure, mobile and biometric identity verification and authentication solutions, announced that CU NextGen has integrated with its Identity as a Service (IDaaS) platform. CU NextGen is a CUSO dedicated to providing cutting-edge, customizable technology and support to over 40 credit unions across the United States, ensuring deeper and lasting relationships with employees, members and communities.

Through this new partnership, CU NextGen began rolling out authID identity services with its first credit union with plans for further expansion to other credit unions across the United States. CU NextGen leverages authID’s biometric identity authentication solution to transform the way its credit union clients recognize their members, both digitally and in person, with similar and consistent experiences.

authID is committed to helping financial services companies fight identity fraud by knowing with biometric certainty who is transacting on their platformSaid Tom Thimot, CEO of authID.ai. “AuthID solutions enable CU NextGen to deliver on its promise to bring the highest levels of identity assurance and provide frictionless experiences that now allow members of credit unions to verify identity in branch or in line with similar practices in both cases. “

CU NextGen selected the authID IDaaS platform to mitigate identity fraud and improve the security of its credit union banking platforms. The integration will allow CU NextGen to implement authID’s Proof ™ to provide its credit unions with the foundation of a trusted identity for new customer onboarding events, both digital and in-person. Proof offers seamless ID verification with fast, mobile ID capture and tampering verification, vividness confirmation, and facial biometric matching of a selfie with the ID photo. Evidence confirms that the legitimate owner of the document is present and requests an account.

We empower our clients to take ownership of their member and employee experiences, and one of the ways we have done this is by creating custom interfaces for onboarding new clients. Of course, the need for strong identity verification and secure authentication is critical to this process.”Said Kent Zimmer, CEO of CU NextGen. “By adding authID’s biometric identity services to our platform, we can help our members reduce risk, deliver increased identity trust, and provide the seamless convenience of a wordless login. passes to members of credit unions.. “

CU NextGen will also seek to deploy the full suite of services on authID’s IDaaS platform, including AuthentifID ™, the FIDO2 strong client authentication and password-less login solution from authID, and Verified ™ its solution. cloud-based multi-factor biometric authentication which can ensure seamless authentication by customers. to the online banking systems of a credit union.

For more information on these exciting new solutions, please contact [email protected]

About authID.ai:

authID.ai (Ipsidy Inc.) (Nasdaq: AUID) (authID.ai). Recognize Your Customer ™. Our mission is to eliminate all passwords and be the preferred global platform for biometric identity authentication. The authID.ai Identity as a Service (IDaaS) platform offers a suite of biometric identity verification and authentication solutions that establish security and trust in today’s digital world. Our vision is to enable every organization to “recognize your customer” instantly, without friction or loss of privacy, thanks to the most sophisticated biometric and artificial intelligence technologies. authID.ai is headquartered in the United States and has operational subsidiaries: MultiPay in Colombia, www.multipay.com.co; Cards Plus in South Africa, www.cardsplus.co.za; Ipsidy Enterprises in the UK and Ipsidy Perú SAC Further information on authID.ai is available at authID.ai or contact us at [email protected]

About CU NextGen

CU NextGen is the CUSO dedicated to bringing next generation technology to credit unions, helping them improve the service provided to their members, the daily experiences of their staff members and the efficiency of their operations. CU NextGen is a partnership between Members Development Company, a consortium of nearly 70 large, forward-looking credit unions, and ClaySys Technologies, a technology company with industry-leading products in the development of no-code applications, the automation of robotic (RPA) and artificial processes. intelligence spaces. Using these technologies, CU NextGen has built several cutting-edge solutions, including the first member relationship management platform which includes CRM, RPA, Apps & Workflows, Knowledgebase, Chatbot and Ticketing. Additional solutions include video banking and conversational AI, among others. CU NextGen builds on the work these two innovators have carried out within MDC’s collaborative network of progressive credit unions and represents our joint strategic initiative to deliver next-generation technology beyond the MDC network to cooperatives in credit across North America.

Contacts:

Notice Regarding Forward-Looking Statements

The information contained in this announcement may include “forward-looking statements”. All statements other than statements of historical fact included in this document, including, without limitation, those concerning the financial position, business strategy, plans and management objectives for the future operations of Ipsidy and its business partners, future service launches with customers, the outcome of pilot projects, new initiatives and customer pipeline are forward-looking statements. These forward-looking statements are based on a number of assumptions regarding Ipsidy’s current and future business strategies, and the environment in which Ipsidy expects to operate in the future, which assumptions may or may not be met in practice. . The implementation of all or part of the new services mentioned is subject to regulatory or other third party approvals. Actual results may differ materially from the results anticipated by these forward-looking statements due to a variety of risk factors, including the risk that the implementation, adoption and delivery of the service by customers, consumers and others may take longer than expected, or may not occur at all; changes in laws, regulations and practices; changes in national and international economic and political conditions, the still uncertain impact of the Covid-19 pandemic and others. Additional risks may arise with regard to starting operations in new countries and regions, of which Ipsidy is not fully aware at this time. See the Company’s Annual Report Form 10-K for the year ended December 31, 2020 filed on www.sec.gov for other risk factors investors should consider. These forward-looking statements speak only as of the date of this announcement and cannot be taken as a guide to future performance. Ipsidy expressly disclaims any obligation or commitment to release any update or revision to any forward-looking statement contained in this announcement to reflect any change in its expectations in this regard or any change in the events, conditions or circumstances upon which a statement is based.


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