authID

AuthID.ai provides secure, mobile, and biometric identity proofing and authentication services delivered through an easy-to-integrate identity as a service platform. The company aims to eliminate all passwords and be the preferred global platform for biometric authentication.

authID.ai (formerly Ipsidy) offers mobile biometric identity verification software products on an identity-as-a-service (IDaaS) basis using facial recognition technology. The company integrates biometric and AI technologies into its products and envisions “payments by face” to facilitate cloud-based biometric payments. authID.ai primarily pitches its solutions for remote user onboarding, online chat user authentication, identity authentication, and money transfer authentication. The company promotes its solution as a secure substitute for one-time passwords and knowledge-based questions.&nbsp;

Facial recognition delivers incredible convenience to consumers, as well as serious risks.

Facial Recognition

<div>AuthID.ai (formerly Ipsidy) offers a facial recognition-based identity verification software for mobile identity verification, access controls, and payment authentication. Its solutions include remote user onboarding, online chat user authentication, and money transfer authentication. The company integrates biometric and AI technologies into its products and envisions &ldquo;payments by face&rdquo; to facilitate cloud-based biometric payments.&nbsp;</div>

Biometric Payments

AuthID.ai provides secure, mobile, and biometric identity proofing and authentication services delivered through an easy-to-integrate identity as a service platform. The company aims to eliminate all passwords and be the preferred global platform for biometric authentication.

Ensuring the right people access the right resources at the right time

Identity & Access Management

AuthID

authID scales its services within EinStrong Foundation

Azure

authID.ai  partners with Microsoft to integrate of its flagship facial biometrics solution to Microsoft Office 365 and Azure via Active Directory Federation Services (ADFS)

Companies that provide technology to monitor physical access to offices, retail stores, and residences as well as access to electronic devices, such as mobile phones and laptops, using facial recognition.

AuthID provides biometric identity authentication technology designed to eliminate passwords. The company's platform leverages facial biometrics with liveness detection to verify and authenticate users across digital channels. The platform delivers a 700 millisecond authentication time and maintains a false match rate accuracy of one in 1 billion. As of March 2024, AuthID's platform integrates with several major systems including Auth0, Okta, Microsoft O365 & Azure, Temenos, Ping, VMware, BeyondTrust, and CyberArk. The company's technology requires less than 10 lines of code for implementation and includes built-in FIDO2 support for initial provisioning. In March 2023, the company underwent significant leadership changes when Stephen Garchik, the company's largest shareholder, financed the company's capital requirements and initiated board restructuring. For full-year 2024, AuthID projected revenues between USD 0.8 million and USD 0.9 million.
Key customers and partnerships
AuthID's technology is utilized by several notable organizations across various sectors. ABM, a Fortune 500 facilities management company, uses AuthID for biometric authentication of their 100,000+ employees. The American Board of Radiology (ABR) employs the platform to authenticate radiologists during certification exams. Hamilton Reserve Bank uses AuthID's biometric authentication for securing money transfers across their operations in 130 countries. BEEM, a consumer banking service, utilizes AuthID's biometric authentication for over 100,000 users conducting funds transfers. PickleJar, an entertainment platform, implements AuthID's technology for authenticating music fans during payment transactions. The company also partnered with Syntrove to provide secure access services to the gaming industry, and with KaiaSoft to integrate biometric authentication into cloud ecosystems.

Biometrics Companies

Biometric Update

Healthcare / Hospitals

Biometric Authentication Case Studies from authID

Passwordless Authentication

AuthID gets another lifeline with some serious strings attached

authID.ai (formerly Ipsidy) offers mobile biometric identity verification software products on an identity-as-a-service (IDaaS) basis using facial recognition technology. The company integrates biometric and AI technologies into its products and envisions “payments by face” to facilitate cloud-based biometric payments. authID.ai primarily pitches its solutions for remote user onboarding, online chat user authentication, identity authentication, and money transfer authentication. The company promotes its solution as a secure substitute for one-time passwords and knowledge-based questions.&nbsp;In November 2021, the company received a patent for a new transaction method that links a person’s biometric identifier, such as a facial recognition template, with a primary account number (PAN) to authorize transactions. This way, merchants can match the PAN with a biometric scan without having to store any other personal information. The company also reports that the system could be used for both digital and physical access control verification in addition to point-of-sale payments. authID.ai has offices in the UK, Colombia, Peru, and South Africa and is listed on NASDAQ.&nbsp;<a href="https://sp-edge.com/updates/23309">In October 2023</a>, authID, launched Verified 3.8, a platform to protect digital enterprises from identity fraud and account takeover.&nbsp;Key customers and partnershipsAs of November 2024, the company’s clients included American Board of Radiology, CU NextGen, Atos, Hamilton Reserve Bank, Darien Technology, and LoginID.&nbsp;

FacePhi offers a range of facial recognition identity authentication solutions for transaction approval and digital onboarding. FacePhi’s Selphi software allows the user to perform ID authentication via a selfie. The selfie is encrypted and sent to the bank’s database to be used for payee authentication. The encryptions ensures the user's privacy, as the full image is not sent to the bank.&nbsp;In 2023, FacePhi recorded an annual revenue of EUR 25.15 million (USD 26.4 million).Key customers and partnershipsIn May 2021, FacePhi partnered with Revelock, a Spanish fraud detection company, to provide comprehensive identity verification and fraud prevention solutions for financial institutions. In February 2022, the company partnered with software company Oracle Cloud Marketplace to act as a distributor for FacePhi's digital onboarding and facial recognition solutions.&nbsp;In November 2021, the company also partnered with airport operator Aena to offer identity verification for passengers and employees at a price of USD 1.7 million for four years. Aiming to expand its presence in the LATAM region, FacePhi established a regional office in Uruguay in March 2022, followed by an agreement with Hites, a Chilean department store, to use remote selfie onboarding technology to allow<a href="https://sp-edge.com/updates?industryIds=16"> Hites’</a> customers to apply for credit cards online.&nbsp;In May 2024, the company entered a strategic partnership with Hancom Group, making it the exclusive distributor of FacePhi's products in the Asia-Pacific region.As of November 2024, FacePhi served over 300 clients across more than 25 countries, with a client retention rate exceeding 95%. The company's technology was being used by several Spanish airlines including Air Europa, Binter, Iberia, and Vueling. Samsung Securities became a technology client in 2024, strengthening FacePhi's presence in the Asia-Pacific market.&nbsp;

FacePhi

Headquartered in the Netherlands, Sightcorp is an AI spin-off from the University of Amsterdam that develops patented proprietary AI Software solutions for mobile apps which includes face detection (detect multiple faces in an image), emotion analysis, crowd demographics, and attention analytics. Main target markets of the company include retail, advertising, hospitality, and digital signage.&nbsp;In January 2022, Sightcorp was acquired by&nbsp;<a href="https://sp-edge.com/updates/7828?industryIds=16">Raydiant</a>, a provider of an in-location experience management platform, to jointly develop solutions for personalized on-screen, in-location experiences targeting retailers, restaurants, etc. Sightcorp expects to open offices in Lithuania and London in 2022 and to grow its European team from 20 to 100. Raydiant is also hiring across the US and internationally to accompany Sightcorp’s new offices.Key customers and partnershipsThe company’s clients include Toyota, Wahlburgers, T-Mobile, Red Bull, and Baskin Robbins.

Sightcorp

Okaya offers a mobile app that aims to understand the users’ wellbeing by using a combination of facial recognition technology, biometrics analysis (such as heart rate, weight etc.) and machine learning. Okaya’s facial recognition algorithm developed in-house, analyses facial features obtained from a 15 second video recording where up to 30 frames are captured in a second. This data is evaluated along with other biometrics to determine the level of fatigue of a person. The product is claimed to help create strong work teams and a strong work environment as it allows to identify areas where improvement is required.Key customers and partnershipsOkaya targets industries such as healthcare, corporate wellness, and human resources. The platform is designed to serve both clinical providers and employers aiming to improve workforce mental health. Okaya also supports businesses with dedicated integration assistance via channels like Discord.

Okaya

Facetec offers a 3D&nbsp;facial authentication software called ZoOm, which is capable of high-performance liveness detection (verifying that the captured facial features belong to a living person). The software can be used on smart mobile devices and webcams. The company also has patented technology to generate a 3D face map using a video selfie recorded even with a 2D camera. While most other 3D face mapping requires dedicated hardware components, FaceTec's technology eliminates this requirement. As a result, app developers do not need to rely on device manufacturers to incorporate additional hardware in order to use ZoOm. In September 2019, Facetec improved its product by embedding an age-estimation tool.&nbsp;Even though selfie-based authentication has become commonplace, many of them use 2D facial mapping which makes them vulnerable to spoofing attacks (attempts to gain access illegally by reproducing a person's face using images, masks, mannequins, etc.) due to the use of 2D mapping of facial features.&nbsp;The company claims that its product is one of the few companies to be certified at level 1 and 2 in the iBeta Presentation Attack Detection (PAD) test, which is governed by an ISO standard. The software can detect digital and physical 'spoof artifacts' such as high-resolution photos and videos, masks and mannequins.Key customers and partnershipsFaceTec has over 100 customers across various verticals with an installed base of over 10 billion smart devices. ZoOm targets a wide range of markets ranging from banking, e-commerce, healthcare, insurance, e-voting, attendance, and government. Majority of FaceTec's customers are currently government and financial institutions.

FaceTec, Inc.

<div>
 
 FaceFirst offers facial recognition solutions mainly for access control as well as for identity authentication and real-time security. It focuses on retailers, airports, casinos, banks, as well as music and gaming events. The company also offers a mobile app (for iOS and Android) for facial recognition on the go. FaceFirst&rsquo;s facial recognition tool is mainly aimed at the retail segment, which accounts for around 50% of its business. FaceFirst&rsquo;s patented retail security platform can identify any known shoplifters or forbidden employees attempting to enter the store. Its products can be integrated with existing retail systems. 
 
 
 The company also introduced Mask-ID in November 2018, which instantly blurs identified faces without compromising accuracy. Additionally, the retail security platform allows its users to access the company&rsquo;s database of retail criminals, enabling them to include any individuals banned by the company itself. FaceFirst is one of the companies to work with lawmakers to help regulate the industry.
 
</div>

FaceFirst

Companies that are developing facial recognition technology to suggest tags for photos uploaded on the platform, typically social media.

Companies that provide facial recognition technology for contactless and fast-payment gateways.

Companies providing tools to identify VIP customers and repeat customers by using facial recognition.

Companies providing facial recognition technology to identify people from live and recorded videos.

Companies that provide facial recognition technology to police and government agencies to identify criminals, protestors, unauthorized overstayers in the country, and departing passengers.

Facial recognition is a type of biometrics used to verify individuals

Used in smart city applications for access control

Facial recognition technology is built on ML models for training data

<div>
 
 AuthID.ai (formerly Ipsidy) offers a facial recognition-based identity verification software for mobile identity verification, access controls, and payment authentication. Its solutions include remote user onboarding, online chat user authentication, and money transfer authentication. The company integrates biometric and AI technologies into its products and envisions &ldquo;payments by face&rdquo; to facilitate cloud-based biometric payments.&nbsp;
 
 
 
 
 In November 2021, 
 <a href="https://sp-edge.com/updates/6817">
 the company received a patent 
 </a>
 for a new transaction method that links a person&rsquo;s biometric identifier, such as a facial recognition template, with a primary account number (PAN) to authorize payments. At the time, AuthID served 14+ companies including CU NextGen, Atos, Hamilton Reserve Bank, Darien Technology, and LoginID.
 
 
 
 
 Subsequently, in February 2022, AuthID also received a patent for its &ldquo;multi-user and multi-factor authentication&rdquo; transaction verification technology. This gets explicit consent from the account holder, while also verifying their identity, during a transaction.&nbsp;
 
 
 
 
 The company&rsquo;s revenue amounted to USD 0.53 million 
 <a href="https://sp-edge.com/updates/17423">
 in 2022;
 </a>
 and, it was yet to turn profitable (operating loss of USD 22.3 million in 2022). AuthID has a global presence with offices in the UK, Colombia, Peru, and South Africa. 
 
 
 
 The company listed on NASDAQ in August 2021 and raised USD 10 million through its IPO. It subsequently 
 <a href="https://sp-edge.com/updates/9262">
 raised USD 22.5 million
 </a>
 in March 2022, through a mix of equity, senior secured convertible promissory notes, and borrowings from an existing major investor. The new funds were earmarked to support the company&rsquo;s working capital needs through 2023, to achieve positive cash flow status by 2024.
 
 
 In 
 <a href="https://sp-edge.com/updates/24310">
 November 2023,
 </a>
 AuthID announced plans to issue common shares via a registered direct offering to raise ~USD 9.4 million (before standard deal fees and expenses). 
 
</div>

<div>
 
 Biyo, formerly known as PulseWallet, offers a biometric POS terminal that uses palm prints (unique vein patterns and blood-flow) to verify users and authenticate payments. Biyo&rsquo;s systems to identify and authenticate customers are powered by Fujitsu&rsquo;s &ldquo;PalmSecure&rdquo; biometric technology.
 
 
 Users must initially swipe their payment card/device at the first payment at a Biyo terminal, to pair the palmprint with the card. Thereafter, the palm prints will be used for authentication at any Biyo terminal (the phone number continues to act as a second authentication method, similar to a username). Biyo claims that using a customer&rsquo;s unique palm-vein patterns for identification is more secure than using fingerprints (which it offered till 2014), as users can leave behind traces of the latter. Moreover, the company claims that scanned palm vein patterns have a 99.9% accuracy.&nbsp;&nbsp;
 
 
 Businesses can connect the Biyo terminal to existing POS cash registers, or acquire Biyo&rsquo;s bundled register, which includes a tablet. Biyo can be used by retailers in any industry, including restaurants, convenience stores, coffee shops, etc. The company charges merchants USD 89-169 per month for a single store and device, with the option of adding devices at USD 59 per device per month. The packages vary based on several features such as multi-store functionality, live chat support, inventory scanner licenses, and account managers, among others.
 
 
 End customers can utilize the Biyo app as a digital wallet for storing multiple credit cards, reward cards, coupons, transferring funds, and improving their financial management.&nbsp;
 
</div>

Biyo

<div>
 
 PopID, co-founded by foodtech holding company Cali Group, provides facial and palm recognition technology for enterprises to offer loyalty, payment (PopPay), and access control (PopEntry). The company uses core algorithms developed by NEC, a Japanese electronics vendor, and combines it with PopID&rsquo;s internally developed technologies.&nbsp;
 
 
 
 PopPay users can create accounts on PopID&rsquo;s app by submitting&nbsp; a selfie, can connect multiple payment methods to their account (functions as an eWallet), and use facial recognition to pay at checkout at physical retail stores that have installed PopID&rsquo;s software to their kiosks and POS terminals (or use PopID&rsquo;s own kiosks and terminals). In April 2023 the company broadened its offering by 
 <a href="https://sp-edge.com/updates/17878">
 including palm-based user authentication
 </a>
 in partnership with PalmID. This enabled end customers to use either facial or palm recognition to make payments and sign into loyalty programs.&nbsp;
 
 
 
 
 In November 2021, the PopPay system was expanded to authenticate payments made via mobile apps and websites. Through this, PopPay offers a unified payment solution for both brick-and-mortar transactions and online orders, created on a website or in a mobile app. PopID claims its eWallet offers lower processing fees for merchants, compared to credit and debit cards.&nbsp;
 
 
 
 PopID is also capable of analyzing order histories and providing recommendations to merchants, potentially increasing sales. The company leverages its diverse product and customer base to capture merchants for its payment solution by initially installing PopEntry (entry systems for campuses and workplaces), and thereafter introducing payment solutions to local merchants (in or near the premises), once the user communities are more comfortable with the tech.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 
 PopID caters mainly to restaurants and retail brands, and as of April 2023, its solutions were reportedly used by over 150 different brands for payment and loyalty. Its customers included Cali burgers, Bojangles, Lemonade, and Parkway Grill. The company also partnered with automated pizza-maker Piestro in March 2021, to enable biometric payments at Piestro&rsquo;s stores.&nbsp;
 
 
 
 
 PopID has entered into several partnerships to expand the use of its terminals across the globe. These partners include 
 <a href="https://sp-edge.com/updates/6516">
 Japan Computing Vision
 </a>
 (November 2021) 
 <a href="https://sp-edge.com/updates/9063">
 ASM Global
 </a>
 (March 2022), 
 <a href="https://sp-edge.com/updates/9569">
 Visa and Dubai Holdings
 </a>
 (April 2022), 
 <a href="https://sp-edge.com/updates/10571?industryIds=61">
 SunCash
 </a>
 (May 2022), 
 <a href="https://sp-edge.com/updates/14837">
 FIFA
 </a>
 (November 2022), 
 <a href="https://sp-edge.com/updates/15707?industryIds=61">
 Toshiba
 </a>
 , 
 <a href="https://sp-edge.com/updates/15887">
 QNB Group
 </a>
 , and 
 <a href="https://sp-edge.com/updates/16522?industryIds=61">
 Tyme
 </a>
 (January/February 2023), among others. Moreover, in May 2022, 
 <a href="https://sp-edge.com/updates/10515?industryIds=61">
 Mastercard named PopID as a partne
 </a>
 r to launch Mastercard&rsquo;s biometric checkout solution across the globe.
 
 
 
 
 Funding and financials
 
 
 
 
 In addition to the Cali Group, PopID is backed financially by various franchise operators of global restaurant brands and owners of Stoner&rsquo;s Pizza Joint, Park Burger, and Bird Call.&nbsp;
 
 
 
 
 The company raised USD 10 million in Series B funding in September 2021, to expand its PopEntry and PopPay deployment within and beyond the country over the following year and a half. 
 
</div>

PopID

<div>
 
 PayByFace provides facial recognition technology for enterprises to offer loyalty and payment services. Users create accounts on the PayByFace app by submitting a selfie and connect payment methods to their account. Thereafter, they can use their face to pay at checkout at physical retail stores that have installed PayByFace&rsquo;s software to their smart checkout devices (such as tablets).&nbsp;
 
 
 
 
 The company noted that its platform encrypts user data and is in compliance with GDPR and PSD/2, and has been fully validated by the National Bank of Romania and the European Central Bank. PayByFace also claims that its apps recognize faces with a 99% accuracy in under a second, without requiring an internet connection.&nbsp;
 
 
 
 
 The company also provides merchant payment terminals (digital signage) as platforms for digital out-of-home advertisements (static, repeat visibility, targeted marketing, etc) and shares the ad revenue with the merchants. In addition to its in-store biometric payment solution, PayByFace also provides facial recognition authentication for online checkouts as well.&nbsp;
 
 
 
 
 PayByFace 
 <a href="https://sp-edge.com/updates/13257?industryIds=61">
 deployed its payment solutions in several locations 
 </a>
 across the globe, namely, the US, the UAE, and South Africa, in September 2022. Subsequently, in&nbsp; April 2024, 
 <a href="https://www.biometricupdate.com/202404/paybyface-expands-across-european-markets">
 PayByFace announced plans to further expand into the European market
 </a>
 , including the Netherlands, the UK, Ireland, France, Italy, Spain, Switzerland, Germany, Austria,, and Bulgaria.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 
 
 PayByFace claims to be the only facial recognition-based payment system in Southeast Europe and primarily targets essential businesses, such as pharmacies, grocery stores, and gas stations. As of May 2022, the platform was used in over 50 locations in Romania. The platform collaborates with Romanian online card payment processing company Euplatesc to facilitate payments and intends to integrate its service with card processing providers in France, the Netherlands, and Switzerland in the future.&nbsp;&nbsp;&nbsp;
 
 
 
 
 PayByFace partnered with ride-hailing app, GoCab in May 2021, to enable customers to settle their cab fare using facial recognition, via tablets installed in the backseat (10 taxis initially with plans to expand to 300 in the future). The tablets also broadcasted a series of advertisements, where the revenue was split evenly between GoCab and PayByFace.&nbsp;
 
 
 
 
 The company is also a part of the VISA Innovation Program in Bulgaria, and through the program, Bulgaria&rsquo;s Raiffeisenbank began testing facial recognition payments using PayByFace. Moreover, it was also named as one of 
 <a href="https://sp-edge.com/updates/10515">
 Mastercard&rsquo;s partners
 </a>
 to launch the latter&rsquo;s biometric payment terminals.&nbsp;&nbsp;
 
 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/10890">
 PayByFace received a strategic investment
 </a>
 from Indian FinTech infrastructure provider SafexPay (Safex) in May 2022. Safex also introduced PayByFace technology in India, starting with pilot projects with India-based multinationals. PayByFace planned to utilize the investment to accelerate the growth of its biometric payment solution, in addition to broadening its geographic presence.
 
</div>

PayByFace

<div>
 
 TouchToPay offers a biometric point-of-sale (POS) payment system for in-store and remote checkouts, using fingerprints to authenticate payments. Users must create an account with the TouchToPay system and register their credit card information. 
 
 
 Unlike many biometric POS terminals, TouchToPay uses fingerprints to complement PINs, rather than replace them, as its terminals require two-factor authentication.   
 
 
 The company also claims its system is enhanced against security threats such as hacking, since it uses mathematical algorithms corresponding to users’ fingerprints, in place of storing the full image of user fingerprints. In addition to payments, users also receive weekly, bi-weekly, and monthly reports on their expenses.  
 
</div>

TouchToPay

<div>
 
 SmartMetric develops biometric payment cards which use fingerprint identification to authenticate payments. The company claims its cards can scan and match fingerprints in under a second, and while it primarily caters to payments, the technology can also be used for access controls and identity verification.&nbsp;
 
 
 
 
 Unlike typical alternatives, SmartMetric&rsquo;s cards are powered through an internal rechargeable battery, as opposed to through the card reading machine. Therefore, users may not need to place their finger on the card while it is in the card reader, making it appropriate for use in restaurants and certain ATMs. The company announced in June 2023, that it is also 
 <a href="https://sp-edge.com/updates/19099">
 adding embedded AI
 </a>
 into the biometric payment cards to enhance card security and user applications, and in February 2024, the company introduced a biometric 
 <a href="https://sp-edge.com/updates/26384">
 credit card
 </a>
 (which began manufacturing 
 <a href="https://sp-edge.com/updates/28614">
 in April 2024
 </a>
 ).
 
 
 
 
 Notably,&nbsp; the company had developed an anti-spoofing technology (by June 2021) &mdash; a prerequisite for global credit card network approval&mdash; which it claimed could differentiate between a live fingerprint and a fake one. SmartMetric introduced a secure element for crypto keys, covered by firewalled encryption, to enable cryptocurrency key storage for its biometric cards, in December 2020. 
 
 
 
 
 
 Although the company is based in the US, it has sales and marketing partnerships in Latin America and Europe as well.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 The biometric cards incorporate ServiRed&rsquo;s (Spanish payment card scheme with over 44 million cards in circulation) Advantis card chip operating system, as a result of a partnership entered into in February 2019.&nbsp;
 
 
 
 
 Funding and financials
 
 
 
 
 Accordingly, the company is yet to generate revenue and as of FY2023 (ending June), and reported an operating loss of nearly USD 810,000. However, it claims to have a manufacturing capacity of over a million cards a month.&nbsp;
 
 
 
 
 
</div>

SmartMetric

Companies that offer biometric POS terminals, including the complementing software that uses palm print, fingerprint, or finger veins for payment authentication.

Companies providing biometric POS terminals, including the complementing software that uses facial or iris recognition for payment authentication.

Companies that offer biometric authentication software which can be embedded into smart devices or existing POS terminals, for payment authentication.

Companies that provide software platforms to authenticate remote transactions using biometrics, typically leveraging the biometric authentication provided in mobile devices such as smartphones and tablets.

Companies that provide technology to enable fingerprint authentication on payment cards, such as fingerprint sensors, biometric algorithms, and card inlays.

Companies manufacturing biometric payment cards for issuers.

Leverages several biometrics as facial, iris, fingerprint, and palm vein recognition to authenticate payments

Biometrics are unique and therefore, authenticating payments using biometric features delivers personalization

AI/ML can be used to improve authentication accuracy and reduce false acceptances and rejections

FortifID is a software company that puts individuals back in control of their identity and directly connects individuals to institutions. The company building a network to power secure, trusted &amp; robust consumer data for the digital world, also enabling individuals to seize control over the use of their personal data. They solve the needs ofbusinesses that use, buy or sell personal data, as well as the privacy needs of consumers for business using personal data, for business selling personal data, and for individuals. Their vision is a data solution for the digital age using blockchain and next-gen concepts from MIT. FortifID was founded in 2017 and is based in Mountain View, California, USA.

FortifID

<div>
 
 Keycloak is an open-source identity and access management (IAM) solution developed by Red Hat. It provides robust user authentication, authorization, and single sign-on (SSO) capabilities, allowing users to securely access multiple applications and services with a single set of credentials. Keycloak supports industry-standard protocols such as OpenID Connect, OAuth 2.0, and SAML 2.0, ensuring interoperability and seamless integration with various applications and frameworks.
 
 
 One of Keycloak's key features is its ability to act as an identity provider (IdP), handling user authentication and attribute assertions. It can also function as a service provider (SP), relying on external IdPs for authentication and authorization. Keycloak offers a user-friendly administration console, where administrators can manage users, roles, and permissions, as well as configure authentication methods, federation settings, and authorization policies.
 
 
 Keycloak supports user federation, allowing it to integrate with existing user stores such as LDAP and Active Directory. It also enables identity brokering, empowering users to authenticate using their existing social media accounts or external identity providers. Additionally, Keycloak provides customizable login pages, password recovery mechanisms, and support for multi-factor authentication, enhancing security and user experience.
 
 
 As an open-source project, Keycloak benefits from community contributions, ensuring its continuous improvement and adaptation to evolving business needs. Organizations can leverage the extensive documentation, forums, and resources provided by the Keycloak community for support and guidance during implementation and customization.
 
 
 
</div>

Keycloak

<div>
 
 miniOrange provides Identity and Access Management (IAM) solutions offering a range of products, including Single Sign-On (SSO), Multi-Factor Authentication (MFA), and Cloud Access Security Broker (CASB). Its solutions secure access to various applications and cloud services while enabling seamless user experiences.&nbsp;
 
 
 miniOrange's technology allows organizations to implement access control policies based on factors like IP addresses, locations, devices, and time restrictions, providing granular control over data access. Additionally, its solutions integrate with platforms such as Microsoft 365, ServiceNow, Oracle EBS, and Zoom, enabling businesses to enhance security across their digital ecosystems. With a strong focus on compliance and data protection, miniOrange's IAM offerings help enterprises mitigate risks associated with unauthorized access, data breaches, and cyber threats.
 
 
 Key customers and partnerships
 
 
 miniOrange's client base spans various industries, including government entities, healthcare organizations, and enterprises across the US.&nbsp;
 
 
 miniOrange partners with companies like Oracle, Microsoft, ServiceNow, and Zoom, integrating their IAM solutions to secure access to these platforms seamlessly. Its extensive app integration library, comprising over 5,000 applications, allows organizations to optimize resources and costs while streamlining authentication and access management processes.
 
 
 
</div>

miniOrange

One Identity provides identity security solutions focused on protecting and unifying four core elements: Identity Governance and Administration (IGA), Access Management (AM), Privileged Access Management (PAM), and Active Directory Management. The company's solutions help organizations manage identities across on-premises, cloud, and hybrid environments through a modular and integrated approach to user account management. In October 2021, One Identity acquired OneLogin, which expanded its capabilities to include Single Sign-On, multi-factor authentication, directory integration, and user provisioning. The combination allowed customers to take a comprehensive approach to identity security through a unified identity security platform.

One Identity

<div>
 
 SailPoint provides identity security solutions for enterprises. Its identity governance and administration (IGA) platform, IdentityIQ, allows organizations to manage and secure access to applications, data, and cloud resources across their entire IT infrastructure. IdentityIQ automates user provisioning, access requests, access certifications, and policy enforcement, ensuring that users have the appropriate level of access based on their roles and responsibilities.
 
 
 IdentityIQ integrates with various enterprise systems, including cloud, mobile, and on-premises applications, through connectors and APIs. This integration allows for synchronized user access management across the organization's technology landscape. The platform's key components include, 1)Identity Cube, a centralized repository for user identities and access rights, 2)Policies for enforcing organizational and regulatory standards, 3)Workflows for automating identity-related processes, and 4)Tasks, scheduled or event-driven processes for executing specific activities).
 
 
 SailPoint's identity governance solution helps organizations streamline audit and compliance processes, enhance security posture, and improve operational efficiency. It offers features such as role-based access control (RBAC), separation of duties (SoD) enforcement, password management, and compliance reporting. The platform leverages AI and machine learning (ML) capabilities to automate tasks, analyze identity data, and assist in determining appropriate access levels.
 
 
 In August 2022, SailPoint was acquired by Thoma Bravo in an all-cash transaction valued at ~USD 6.9 billion. Subsequently, it was delisted from the New York Stock Exchange.
 
 
 Key customers and partnerships
 
 
 SailPoint has established partnerships with various technology companies and has a strong customer base spanning multiple industries. Some notable customers are General Electric, Vodafone, ADP, and Western Union. SailPoint has also formed a partnership with Circle Security, a decentralized threat prevention platform, to enhance the security offerings for its customers.
 
 
 SailPoint actively collaborates with industry leaders, such as Cisco and Rapid7, to expand its identity security solutions and integrate with their respective products and services. The company maintains a partner ecosystem, including managed security service providers (MSSPs) and resellers, to facilitate the deployment and adoption of its identity governance solutions across various market segments.
 
 
 
</div>

SailPoint

Platforms that manage and control user access to systems, applications, and resources and govern the policies, processes, and controls necessary to ensure appropriate access levels, permissions, and entitlements are granted to users based on their roles, responsibilities, and organizational requirements

Platforms that manage and maintain controls, policies, and systems that govern the entire lifecycle of an employee's access to company resources, systems, and data

Platforms that provide an additional layer of security beyond traditional username and password authentication, including controls such as one-time passwords (OTP), biometric data recognition (such as fingerprint, facial recognition), hardware tokens, or push notifications to mobile devices as a means to strengthen the authentication process

Platforms that manage and secure the digital identities and access rights of customers or users across various applications, services, and resources of an organization

Platforms that focus on managing user credentials, including passwords, to ensure secure access to systems, applications, data and resources

Platforms that enable users to authenticate once and gain access to multiple systems, applications, or services without the need to provide separate credentials for each system or resource access and usage

IAM solutions enable personalization by tailoring user rights, roles, and access to services based on individual profiles

IAM solutions enhance transparency and accountability by controlling user access, monitoring activity, facilitating audits, and preventing unauthorized access, ensuring business data integrity

AI/ML in IAM help automate risk analysis, anomaly detection, and adapt access controls, improving security.

Certain customer IAM providers also offer biometric authentication solutions

This is a key demand driver for IAM solutions as companies switch to a hybrid work environment, driving the increased need to manage user identity and access to organizational resources

Companies offering IAM solutions offer their solutions under a B2B SaaS model

<div>
 <ul>
 <li>AuthID, a provider of biometric identity authentication solutions, plans to issue 1,574,990 common shares via a registered direct offering to raise ~USD 9.4 million.</li>
 <li>The share price is set at USD 6, while the current Nasdaq shares are trading at USD 7.20 on November 22.</li>
 </ul>
</div>

AuthID

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