Incode Acquires AuthenticID: Creating a Global AI Powerhouse to Fight Identity Fraud

Together, the companies deliver AI innovation, scale, and strategic value to help businesses stay ahead of next-generation digital trust threats.

SAN FRANCISCO, Aug. 19, 2025 /PRNewswire/ -- Incode Technologies, Inc., the global leader in AI-driven identity and trust technologies, today announced its acquisition of AuthenticID, to accelerate Incode's mission of ensuring digital trust in the rapidly emerging world of GenAI fraud and scaling AI agents.

The deal unites two trusted names, forming an integrated AI powerhouse built for the next era of secure, scalable, and intelligent digital identity -- a market projected to grow to $116 billion by 2027. The acquisition is expected to accelerate Incode's 80% year-on-year organic growth rate and further solidify its leadership position in the market.

Complementary Strengths Elevate Customer Value

This acquisition marks a watershed moment for Incode to help more customers eliminate fraud while maximizing growth, at scale. Incode's proprietary AI innovations -- including advanced neural networks and large visual language models trained to detect and prevent identity fraud in real time -- lead the industry in accuracy, adaptability, and speed.

AuthenticID adds deep expertise in regulated, high-volume environments, ensuring enterprise customers get not only best-in-class technology but also flawless professional services and implementation.

Hardening the Front Line Against AI-Powered Fraud

The combined entity will deliver innovative, proven technology solutions to combat the most advanced AI threats. These threats include Gen AI toolkits that synthesize deepfakes –photoreal faces and voices—in real time, leading to a 300% YoY jump in account-opening fraud. They also include a rise in AI agents entering production. Gartner predicts that over 25 % of all consumer interactions will be handled end–to–end by fully autonomous agents. Without trusted identity rails, those agents become prime targets for impersonation.

"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 Ricardo Amper, Founder & CEO of Incode.

"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 Reed Taussig, CEO of AuthenticID. "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."

A Global AI-First Identity Leader Built for What's Next

This acquisition marks the creation of a new category-defining leader in AI-powered digital identity. Together, the combined company:

• Processed 4.1B+ identity checks in 2024
• Serves 8 of the largest 10 banks in the United States
• Protects 8 of the top 9 largest telecom companies in North America
• Works with 4 of the top 5 banks in Latin America
• Secures 3 of the top 3 global neobanks
• Defends hundreds of leaders in social media, ecommerce, transportation, and retail against fraud

With this move, Incode further solidifies its leadership position as the AI identity infrastructure powering the next decade of secure, scalable enterprise growth.

About Incode

Incode is the global leader in trust and identity. Incode's state of the art AI platform offers a highly secure and seamless AI-based experience that eliminates fraud and drives growth. With its mission to power a world of trust, Incode works with many of the world's largest banks, fintechs, hotels, governments, and markets. Incode is headquartered in San Francisco and has offices in Europe and Latin America. To learn more about Incode, visit www.incode.com.

About AuthenticID

AuthenticID is a pioneer in the Identity Verification and Fraud Detection space. AuthenticID's fully-automated solution protects identities and mitigates fraud without sacrificing user experience. Founded in 2001, AuthenticID has deep domain expertise in verifying government-issued identification documents with the market's most powerful, next-generation, automated AI platform for fraud detection and identity verification. AuthenticID's patented platform is used by the world's leading financial services firms, wireless carriers, and identity verification platforms.

SOURCE Incode