rewrite this title Incode Acquires Identity Verification Company AuthenticID – Finovate

Incode has acquired AuthenticID to combine AI-driven fraud detection with enterprise-scale expertise, aiming to become a top global identity verification provider.

The deal strengthens Incode’s defenses against rising AI threats like deepfakes and synthetic fraud.

Together, the companies serve major banks, telecoms, and neobanks worldwide.

Identity verification company AuthenticID has been acquired by biometric identity organization Incode. The acquisition will bring together Incode’s AI solutions with AuthenticID’s enterprise expertise to combat fraud. The amount of the deal is undisclosed.

Incode said that the acquisition will accelerate its growth and position it as a leader in the identity authentication market. California-based Incode has seen an 80% year-on-year organic growth rate, and with AuthenticID on board, the company aims to broaden its global reach and solidify its position as a top-tier provider of end-to-end identity verification solutions.

“In the age of synthetic fraud, AI impersonation, and Agentic AI, verifying human identity has become the foundation of digital trust. Together with AuthenticID, we’re hardening the front line against these threats, so every enterprise can trust every interaction,” said Incode Founder and CEO Ricardo Amper.

Founded in 2015, Incode offers advanced neural networks and large visual language models that help detect and prevent identity fraud in real time. AuthenticID will add its expertise in regulated environments that require a high volume of verification.

Together, Incode and AuthenticID will strengthen defenses against advanced AI-driven threats, including deepfakes, which have fueled a 300% year-over-year surge in account opening fraud, and AI agents operating without identity safeguards. Collectively, the two companies serve eight of the ten largest US banks, protect eight of the nine biggest telecom providers in North America, work with four of the top five banks in Latin America, secure three leading global neobanks, and safeguard hundreds of organizations against retail fraud.

AuthenticID was founded in 2001 and offers identity proofing, ID verification, biometric authentication, and fraud shield tools to support the fight against cybercrime. Additionally, the company’s Identity Fraud Taskforce continuously develops new algorithms to improve AuthenticID’s identity decisioning engine to help identify and stop fraud. Last June, the company launched a new solution to detect deepfake and generative AI injection attacks. 

“As AI-driven fraud becomes more sophisticated, our clients need more than just point solutions—they need a holistic AI-first approach delivered by a true strategic partner,” said AuthenticID CEO Reed Taussig. “Incode’s vision and AI technology leadership, leveraging foundational vision models, enable us to deliver an identity orchestration platform that is fast, secure, and highly adaptive across our expanded customer base.”

Today’s deal is a good example of how identity verification is a strategic pillar of digital trust. As AI-driven fraud accelerates and regulators tighten controls, financial services firms need partners that can combine speed, accuracy, and adaptability at scale. By uniting Incode’s AI-first innovation with AuthenticID’s enterprise and regulatory expertise, the acquisition signals a future where identity is more holistic.

Photo by cottonbro studio

Views: 317