Yoti users can now use the app for age-restricted purchases at convenience stores in the UK. The news comes after the Association of Convenience Stores agreed to recognize Yoti’s digital IDs, making it the first smartphone-based ID solution to make its way to Britain’s brick and mortar corner stores. To implement the system, Yoti will…
MarketsandMarkets has released a new report that predicts that the market for identity verification tech will more than double from $6 billion in 2019 to $12.8 billion by 2024, with a CAGR of 16 percent. The rising demand for reliable identity verification solutions and services is expected to drive much of that growth as companies…
BioCatch has a new Chief Revenue Officer; Bill Sytsma will lead the company’s sales and professional services team, and will oversee “an ambitious plan for growth,” according to a statement announcing his appointment. Sytsma comes to the company from ThreatMetrix, another provider of an enterprise-focused digital security platform, where he served as the company’s Americas…
“…given the growing consensus that mobile fingerprint sensors are moving into device displays, extending the scanning capability across the entire display surface would seem to be a logical next step for smartphone brands…” In the midst of the SID Display Week trade show in San Jose, Taiwan-based optoelectronics specialist AU Optronics (or “AUO”) has announced…
“We encourage you to test the system for yourself by trying to restore your account with a picture or video of your face. It will fail, and you can rest assured those pictures of you on Facebook won’t unlock your ZenGo account.” – Tal Be’ery, Co-Founder, ZenGo A new cryptocurrency wallet called ZenGo has become…
Another digital-focused platform is taking advantage of Jumio‘s identity verification technology: The company has announced a partnership with TruNarrative, an anti-fraud, eKYC and AML compliance platform. The partnership will extend Jumio’s identity verification solutions to TruNarrative’s client base through the latter’s ‘Appstore’ solutions portfolio, allowing them to take advantage of its extensive ID document verification…
The Biometrics Institute has released new privacy guidelines for any and all organizations operating in the biometrics space. The universal guidelines are specifically written to ensure that biometrics researchers, manufacturers, and operators know how to handle people’s personal information responsibly. While the Institute generally updates its privacy guidelines every two years, this is the first…
Unikeys is now accepting pre-sales for its physical cryptocurrency wallet. Dubbed the UKey, the biometric card allows shoppers to pay for goods and services using cryptocurrencies just as they would with an ordinary debit or credit card, with a built-in fingerprint sensor to authenticate transactions. The card itself is being manufactured through a partnership…
“Its new Precise YOUNiQ solution, which combines fingerprint, facial, and behavioral recognition with geodata, is also an area of intensifying focus, with Precise Biometrics aiming for commercialization in 2020.” Full-screen fingerprint scanning could be the next big thing in mobile biometrics, according to comments from Precise Biometrics‘ CEO in the company’s latest quarterly update. “The…
The booming biometrics market has seen a lot of success stories over the last several years, but in the financial services sector, FacePhi is one that really stands out. The Spain-based firm was one of the first to wholeheartedly embrace the concept of selfie-based authentication via facial recognition, launching its flagship Selphi authentication solution back…
LiteLink is launching a new digital wallet designed for customers without a bank account. Developed by the LiteLink subsidiary uBUCK Technologies, the new payment app is called uBUCK Pay and is scheduled to begin its closed beta in June 2019. uBUCK Pay is built on the Waves blockchain, and has a few features that are…
“It’s an important development for NEXT Biometrics, which has been keenly focused on the emerging biometric payment cards market.” NEXT Biometrics has announced that it’s working with one of the top five US payment networks to develop Biometric System-on-Card, or “BSoC”, specifications for biometric payment cards. NEXT says it has delivered technical documentation as part…
BioCatch is warning about the dangers of corporate fraud in the wake of the FBI’s 2018 Internet Crime Report. The company specifically highlighted the threat of Business Email Compromise (BEC) attacks and Remote Access Trojan (RAT) attacks in a new blog post, both of which can be mitigated with the help of behavioral biometrics. Of…
“The larger aim is to eliminate voter fraud by ensuring that each eligible citizen gets a single vote.” National and local elections were held yesterday in the Philippines, and biometric technology from Gemalto played a key role. The company has revealed that it was selected, together with domestic IT firm Nextix, to provide biometric voter…
“Announced at the start of last summer, the FPC1511 is Fingerprint Cards’ most affordable fingerprint sensor yet, and has been an important component of the company’s strategy in the mobile sector… Fingerprint Cards has revealed that its biometric technology is being used in another new slate of mobile devices from multiple different smartphone brands including…
Trust Stamp has tapped a longtime law enforcement veteran to serve as the company’s new Director of Financial Crime Services. John Bridge brings 34 years of experience to the position, including 25 years as a US Marshall. During that time, Bridge was at the forefront of financial crime investigation. He previously served as the Senior…
ImageWare has been a major player in the enterprise biometrics market for many years now, accruing renown largely for its GoVerifyID solution, which supports multiple authentication factors including facial, fingerprint, palm, and voice recognition. And while that platform delivered some exciting news from ImageWare last September when the company announced it had been integrated into…
The Apple Pay network continues to expand. The tech giant has announced that its biometrically secured mobile wallet platform is now available in Iceland, launching with support from the Icelandic banks Arion Banki and Landsbankinn. More banks are expected to add support for the platform in the not-too-distant future. To use Apple Pay, Arion Banki…
Hong Kong-based AI specialist Megvii has raised $750 million through its latest funding round, the company has announced. The news comes after Megvii raised $600 million in an investment round last year, and amid speculation that the company is planning an IPO. It’s now valued at a little over $4 billion. The announcement also comes…
