Incode Technologies, a leader in AI identity and trust technologies, has acquired AuthenticID. This acquisition aims to enhance Incode’s mission of ensuring digital trust as GenAI fraud increases and AI agents become more prevalent.
This deal brings together two trusted names to create a strong AI company focused on secure and scalable digital identity. This market is expected to reach $116 billion by 2027. The acquisition is likely to support Incode’s 80% year-on-year growth and strengthen its position in the industry.
This is a pivotal moment for Incode, as it enables customers to combat fraud while expanding their businesses. Incode offers advanced AI tools, including neural networks and large-scale visual language models, that detect and prevent identity fraud in real-time. These tools are known for their accuracy, adaptability, and speed.
AuthenticID offers in-depth expertise for businesses in regulated industries, ensuring they receive top-notch technology and exceptional support.
The newly combined company will offer advanced solutions to tackle serious AI threats. These include GenAI tools that create deepfakes, leading to a 300% increase in account-opening fraud. There is also a rise in AI agents, with Gartner predicting that over 25% of consumer interactions will be handled by fully autonomous agents. Without reliable identity systems, these agents can be easily impersonated.
This acquisition creates a leader in AI-powered digital identity. Together, the company has:
- Processed over 4.1 billion identity checks in 2024
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Served 8 of the 10 largest banks in the United States
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Protected 8 of the 9 largest telecom companies in North America
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Worked with 4 of the 5 largest banks in Latin America
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Secured 3 of the top global neobanks
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Helped hundreds of businesses in social media, e-commerce, transportation, and retail fight against fraud
With this move, Incode enhances its role as the AI identity system that will support secure and scalable business growth in the coming decade.
KEY QUOTES:
“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.”
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. 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.”
Reed Taussig, CEO of AuthenticID
