Incode Technologies, a global leader in AI-powered identity solutions, has announced its acquisition of Identiq, a firm specializing in privacy-enhancing cryptographic technology. This strategic purchase is a cornerstone of Incode's new $100 million commitment to advancing its privacy-preserving identity infrastructure. The integration will enable organizations to share fraud signals and collaborate on security without ever exposing sensitive customer data.
A Strategic Union for Privacy-First Security
Ricardo Amper, Founder and CEO of Incode, stated that the company has always viewed privacy and fraud prevention as interconnected challenges. He described the acquisition as the natural culmination of Incode's foundational architectural decisions, enhancing its established privacy-by-design framework. This move reinforces the principle that robust security and data privacy can and should coexist without compromise.
Incode's commitment to privacy is built on three core pillars, now strengthened by Identiq's technology. The first is an AI-first approach that limits human access to data, followed by on-device processing that keeps biometric information on a user's device. The third, collaboration without exposure, is now significantly advanced, allowing institutions to fight fraud collectively while maintaining data integrity.
Bolstering Defenses with a $100 Million Investment
The $100 million investment is dedicated to accelerating the development of this secure identity ecosystem. A significant portion of the funds will enhance on-device processing capabilities and fuel further research into next-generation privacy-enhancing technologies. The investment also supports the expansion of Incode's engineering teams and its global operational footprint to meet growing demand.
Combating the Rise of Agentic Fraud
This initiative directly confronts the escalating threat of agentic fraud, where AI agents are used to perpetrate attacks. Incode's data shows this threat grew from 3% of fraud attempts in 2024 to 40% in the first quarter of 2026. The company projects this figure will exceed 90% within the next 18 months, making advanced defenses essential.
The broader security landscape validates the need for such innovations, with data breaches reaching record highs. The Identity Theft Resource Center reported 3,322 data compromises in the U.S. last year, a 79% increase over five years. This environment makes traditional data pooling for fraud prevention an increasingly risky proposition for businesses and their customers.
The Identiq Advantage: Collaboration Without Compromise
Identiq's patented technology, developed over nearly a decade with over $50 million in investment, solves this core dilemma. It allows organizations to validate identity attributes against a network without transferring or exposing the underlying personal data. As Identiq co-founder Itay Levy explained, this provides the answer to fighting fraud together without relinquishing data control.
Incode's acquisition of Identiq represents a pivotal advancement in the fight against digital fraud while championing user privacy. By integrating this cutting-edge cryptographic solution, Incode is creating a more resilient and trustworthy identity verification network for its global clients. This strategic move positions the company to effectively counter sophisticated AI-driven threats and set a new standard for secure collaboration.