US-based Incode Technologies, an AI-driven identity and trust technology provider, has integrated AuthenticID, a fraud detection and identity verification company, into its portfolio to strengthen digital trust and combat ID fraud.

The acquisition aligns with Incode’s strategic goal of building an advanced AI-powered ecosystem that offers robust, scalable, and intelligent digital identity solutions to tackle emerging types of fraud, including those related to generative AI (GenAI) and digital fraud. This move is anticipated to boost Incode’s 80% yearly organic growth rate and reinforce its standing as a key player in the global market.

Details on the Acquisition

Incode aims to leverage AuthenticID’s proprietary AI technologies, which feature advanced visual language models and neural networks designed for real-time detection of identity fraud. These innovations are known for their precision, adaptability, and rapid response capabilities.

AuthenticID’s expertise in handling high-volume, regulated environments is valuable for enterprise customers seeking top-tier technology and flawless service delivery.

Fighting AI-Powered Fraud

The acquisition will enable Incode to develop cutting-edge technologies aimed at identifying and countering the most advanced forms of AI-driven fraud. As synthetic identities, real-time voice and face synthesis through GenAI tools, and AI agents pose increasing threats, companies must adopt comprehensive AI-based strategies involving foundational vision models and deep learning to create an effective identity management platform.

Incode’s platform is designed to be swift, secure, and tailored to the unique needs of its clients. The combined efforts of Incode and AuthenticID have already facilitated over 4 billion identity checks in a single year, supported eight of the top ten banks in the United States, secured the leading three global neobanks, and safeguarded numerous customers across diverse sectors such as e-commerce, transportation, and social media.