authID Launches Identity Exchange Platform for Enhanced Enterprise Identity and Access Management.

authID launches authID Identity Exchange, a platform to modernize identity management with biometric-bound, passwordless, interoperable credentials that stop phishing attacks and ensure only verified users can access sensitive systems and data. The platform simplifies and secures workforce identity management, eliminating ghost accounts and shared credentials, automating onboarding through secure document verification, and extending protections to full-time employees and contractors. It also reduces IT support costs and ensures compliance with global data security and privacy regulations.

authID (Nasdaq: AUID) has announced the launch of Identity Exchange (IDX), a next-generation platform designed to modernize enterprise identity and access management. The new platform leverages biometric-bound, passwordless, and interoperable credentials to enhance security and streamline identity management processes [1].

IDX addresses long-standing gaps in enterprise identity management by providing a decentralized, privacy-first approach. It enables authorized personnel to create or claim a central credential that can be used across multiple subsidiaries, simplifying and securing workforce identities. The platform also automates onboarding through secure document verification, extends protections to full-time employees and contractors, and helps reduce identity-related IT support costs [2].

Key features of IDX include:
- Privacy-by-Design: IDX authenticates users without storing sensitive biometric data, ensuring compliance with global data security and privacy regulations such as GDPR, HIPAA, and BIPA [1].
- Frictionless Authentication: The platform combines authID's PrivacyKey biometric protocol with FIDO2, allowing for strong, unphishable, and passwordless logins [2].
- AI-Driven Identity Lifecycle Management: IDX uses intelligent automation to reduce IT overhead and ensure policy compliance [1].
- Plug-and-Play Integration: IDX is compatible with leading Identity and Access Management (IAM) platforms, including Microsoft Entra ID, Okta, and Ping Identity, and can interoperate with emerging global identity exchanges [2].

The platform is built on the Accountable Digital Identity Association (ADI Association) specification, ensuring it aligns with global interoperability and data sovereignty standards. authID and NEC Networks & System Integration Corporation (NESIC) share a vision for a more secure and connected digital future, with IDX representing a significant strategic move in the enterprise identity management space [1].

IDX targets use cases such as enterprise workforce authentication, contractor onboarding, supply chain security, government credentials, and call center authentication, addressing critical security vulnerabilities and positioning well within the growing Zero Trust market [2].

References:
[1] https://investors.authid.ai/news-releases/news-release-details/authid-launches-identity-exchange-idx-eliminate-enterprise
[2] https://www.stocktitan.net/news/AUID/auth-id-launches-identity-exchange-idx-to-eliminate-enterprise-4haydqhdho0w.html