“The management of Sodexo Ventures were evidently intrigued by AEYE-GO’s automated checkout kiosk technology, which is designed to use both facial and object recognition to identify individuals in a cafeteria and the items on their food trays.” AEYE-GO has become the latest China-based AI firm to receive venture capital funding, which has arrived from Sodexo…
Mint Middle East (or “MME”) has developed a new digital onboarding system that is integrated with the Emirates Identity Authority, the government agency in charge of the United Arab Emirates’ national biometric ID program. The company says it plans to use the platform for its own customer onboarding, and offer it as an efficient eKYC…
“The companies worked together to develop a new Microcontroller Unit based on Cypress Semiconductor’s PSoC 6 line, resulting in a new inlay solution that uses 70 percent less power.” Ahead of an important certification push, Zwipe has announced that it has reduced the power consumption of its dual interface biometric payment card. The technological achievement…
Nuance Communications has signed an agreement to sell its Document Imaging division to Kofax, an automation software provider based in California. The deal is valued at $400 million in total. In a statement announcing the agreement, Nuance explained that selling off the Document Imaging division “enables Nuance to focus the business entirely on its conversational…
Growth consultancy firm Frost & Sullivan has recognized Gemalto with the 2018 Global Digital Banking Solutions Company of the Year Award, the company has announced. The award is primarily in recognition of Gemalto’s Digital Banking Suite, a platform designed to provide financial services companies with multi-factor authentication, behavioral analytics, encryption, and other security tools for their mobile…
“The a24.io partnership marks an important entry into the UK market with a highly regarded organization with a global reach.” – Jim Miller, CEO & Chairman, ImageWare ImageWare has a new distribution partner: a24.io, a UK-based cloud computing solutions provider. The latter is now offering multimodal biometric authentication security from ImageWare to its clients, which…
“The eyeDisk is able to scan a user’s eyes from a distance of 15cm to 25cm, and can authenticate in less than a second, the company says.” A Hong Kong-based startup is officially developing a USB flash drive that uses iris recognition to secure access. Called eye-Disk, the company had created a Kickstarter campaign for…
“We take great pride in offering BM-Slim2, the world’s slimmest fingerprint sensor of its kind, to TazTag’s new mobile devices that have been widely used in many vertical markets including telco, banking and law enforcement applications.” -Bogun Park, CEO, Suprema Suprema‘s fingerprint sensor technology has just seen integrations into three new devices from TazTag, a…
“As with other emerging biometric payment card solutions, the aim is to enhance security with biometrics while maintaining ease of use in tap-to-pay transactions, and improving convenience in contact-based transactions by eliminating the need for PIN entry.” The French bank Societe Generale is now trialing IDEMIA’s F.Code biometric payment card, the latter has announced. Featuring…
This time last year was a somewhat tumultuous one in the world of consumer-facing biometrics. Apple had just announced its iPhone X, and an entire industry of mobile device makers who had followed its lead in embracing fingerprint authentication for their own products suddenly faced the question of whether facial recognition was the future, even…
As the biometrics industry continues to grow at an accelerated pace, with authentication and identification solutions proliferating the market, relying parties looking to deploy technologies in the enterprise, financial services, government, retail and healthcare markets are presented with a daunting abundance of choice. The quick pace at which the biometrics industry has grown left little…
“Imagine interacting with your bank where passwords are replaced with facial recognition, knowledge based questions are eliminated in the call center, and forms and documents can be completed conveniently on your phone with the backing of secure biometrics.” – Patrick Kelly, Chief Revenue Officer, Privakey A new partnership with Philadelphia-based Privakey is poised to extend Raonsecure‘s presence in the…
San Diego-based Mitek Systems has a new CEO. The company has announced that Max Carnecchia has taken the helm, and also been appointed to the company’s Board of Directors. Carnecchia comes to the position after a 10-month stint as CEO of Illuminate Education, which he joined at the outset of an intensive growth period for…
“The system’s operation has also been streamlined, with new threat detection algorithms having reduced the number of end user interactions needed to recognize individuals and potential threats.” BehavioSec has upgraded its behavioral biometrics platform. Version 5.0 of the BehavioSec Behavioral Biometrics Platform is now able to detect the use of Virtual Private Networks and TOR-routed…
“It’s the latest sign of the escalating activity in the nascent biometric payment cards market.” Fingerprint Cards technology is going to be used in Italy’s first trial of biometric payment cards, the company has announced. The trial will be the result of a collaboration with Zwipe and Gemalto, whose card solution uses a sensor model…
“The UK is a key market for Danal and more importantly for our customers. Moving to full market coverage is always a key milestone for us in each country. The expansion of UK coverage has already led to an increased demand for services, mirroring that of our market position in the US.” – Jim Greenwell,…
NXP Semiconductors is intensifying its efforts in the emerging industrial Internet of Things (IIoT) market. The company has announced the launch of an ‘Industrial Competency Center’, or ICC, based in a laboratory in Hamburg. The ICC will focus on research and development concerning machine learning applications. In a statement announcing its launch, ICC director Sylvain…
The global image recognition market will grow at an annual rate of 21.8 percent between 2018 and 2025, when it will be worth $86 billion, according to a new forecast from Allied Market Research. Cloud-based image recognition services will grow the fastest, according to the firm’s report, with a CAGR of 23.3 percent over the…
Seattle-based RealNetworks has entered into a new licensing and distribution partnership with Net One Partners, an IT security solutions provider based in Tokyo. The latter will develop and market solutions based on RealNetworks’ SAFR facial recognition technology to its network of ICT infrastructure providers. It would appear to be a good fit. RealNetworks’ SAFR solution…
