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8×8 (EGHT) Introduces Verif8 AI-Powered Authentication Service

8×8, Inc. (NASDAQ:EGHT) is one of the most popular AI penny stocks to buy according to billionaires. On June 24, the company introduced a new omnichannel authentication service named 8×8 Verif8. 8×8 Verif8 is a One-Time Password (OTP) authentication solution designed to enhance security across SMS, voice, and Viber platforms for businesses of all sizes.

A close-up of a digital cloud, signifying the expansive reach of the software-as-a-service solution.

According to 8×8, the Verif8 solution addresses a 44% year-over-year increase in global cyberattacks. It aims to provide secure, real-time authentication without requiring complex infrastructure or extensive development resources. Some of the key features include self-service onboarding, pre-approved Sender IDs, and easy API integration. It also supports OTP delivery via SMS, voice, and Viber, and provides pre-built templates in 43 languages and ready-to-use Sender IDs for immediate deployment.

Verif8 operates on 8×8’s Communications Platform as a Service (CPaaS) layer. It integrates with the broader 8×8 Platform for Customer Experience (CX), which combines contact center, unified communications, and CPaaS solutions to enable seamless and secure customer interactions across the entire customer journey.

8×8, Inc. (NASDAQ:EGHT) provides cloud-based communication solutions that unify contact center, voice, video, chat, and APIs into a single AI-powered platform for customer experience. Its Intelligent Customer Assistant leverages generative AI to automate digital and voice interactions.

While we acknowledge the potential of EGHT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EGHT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Defensive Stocks to Buy in a Volatile Market.

Disclosure: None. This article is originally published at Insider Monkey.

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