“Based out of Hong Kong, Megvii is the developer of the Face++ facial recognition platform, and has emerged as one of the industry’s biggest unicorns in the past few years.” Megvii has been exonerated in an investigation into human rights violations in China. The New York-based Human Rights Watch previously uncovered Megvii code in a…
Precise Biometrics is continuing to find new applications for its fingerprint algorithm software. The company recently announced that the Precise BioMatch Embedded algorithm is beneath the hood of eWBM’s FIDO2-certified USB key, and has now revealed that the same algorithm can also be found in a new USB authenticator from Octatco and a smart door…
“While a notification for Samsung users framed it as an ‘urgent new software update’, it didn’t go into detail about what exactly the patch would do beyond a cryptic note reading ‘Biometrics security patch – Fingerprints’.” Samsung has significantly upgraded the fingerprint scanning software of its flagship smartphone, the Galaxy S10, and its plus-sized sibling,…
CyberLink has announced that it will be bringing its FaceMe facial recognition platform to IoT Asia 2019 later this month. The company will be showcasing its wares in the Taiwan Showroom presented by the Taiwan External Trade Development Council (TAITRA) when the conference kicks off in Singapore on March 27th. The FaceMe engine is a…
Fingerprint Cards has announced a new biometric software platform aimed specifically at payment card, wearable, and dongle applications. Dubbed “FPC-BEP”, the solution is an adaptation of Fingerprints’ mobile algorithm, and has shown solid results in in-house testing, with the company asserting that it has demonstrated a False Rejection Rate under two percent and a False…
“Hellström’s stock purchase also comes in the wake of CFO Ulrik Nilsson’s purchase of 200,000 shares last month.” Precise Biometrics has just received a loud vote of confidence from its Chairman of the Board, Torgny Hellström. The company has announced that Hellström has purchased 150,000 shares in Precise Biometrics. The move comes at a time of significant change…
Juniper Research is predicting the rise of software-based biometric authentication in a new report. Entitled “Mobile Payment Security: Biometric Authentication & Tokenisation 2018-2023,” the forecast predicts that end users of such systems will rise from about 429 million this year to 1.5 billion in 2023. The prediction essentially points to the rise of facial recognition.…
“The results point to strong enthusiasm for BIO-key’s biometric technologies, which including fingerprint-scanning locks and identity management software for the enterprise.” BIO-key‘s share offering did better than expected, bringing in gross proceeds of $2.1 million. The move was announced last week, with BIO-key putting forward an underwritten offering of 1,200,000 shares of common stock together…
