As a provider of digital identity platform that leverages biometric verification via facial recognition via its mobile app, Yoti has distinguished itself as a company concerned with social impact. Living up to its established reputation during the recent World Economic Forum in Davos, Yoti took the opportunity to speak on a panel focused on the…
A major East African telecom is preparing to implement biometric registration for customers who want to swap SIM cards into new devices. Announcing the plans to media, Safaricom CEO Bob Collymore explained that the idea is to curb fraud. One such criminal incident recently led to the arrest of 22 individuals, including Safaricom staffers, according…
Veridium has become a backer of the Sovrin Network, an identity platform based on blockchain technology. Administrated by the non-profit Sovrin Foundation, the platform is envisioned as a kind of global, public utility that is independent of government and business interests. The Sovrin Network is meant to store end user information on a distributed ledger,…
Mastercard is anticipating a big jump in biometrically authenticated payments thanks to new regulations in the European Union. The PSD2 regulation has already officially been implemented in the EU, but its requirements for Strong Customer Authentication won’t come into play until this September. When they do, online payments and account access will require two of…
“Our goal is to help design a new banking model, using our biometric authentication technology to bring the unbanked into the financial services system. Additionally, over time, improve their circumstances, making it possible to open a bank account, apply for credit, and achieve a level of financial stability.” – Lori Cohen, CMO, Veridium Veridium has been…
“Essentially, it’s designed to use facial and fingerprint recognition to enable continuous, passive biometric authentication of a smartphone user.” BIO-key has been granted a patent that it believes could be highly valuable to the company given current trends in mobile biometrics market. Entitled, “Utilization of Biometric Data”, the patent was first filed in 2015, and…
“…the decision will not take effect immediately, with Thuresson agreeing to remain in his role until a new CFO has been found.” Precise Biometrics‘ Chief Financial Officer is stepping down, the company has announced. In a brief statement, the company said that Göran Thuresson has made the decision “to leave Precise Biometrics and return to a role…
“The development comes about a year after Veridium upgraded the VeridiumID platform to support biometric authentication through mobile apps, and about a month after it enabled VeridiumID support for Citrix Cloud and other Azure Active Directory apps.” A major Swiss bank is going to use VeridiumID across its entire enterprise environment. In a statement announcing…
“It all made for a compelling case during Money20/20 Europe, where biometric authentication has been enjoying a rising profile over recent years and is likely of particular interest now that GDPR has come into play.” Spain-based biometric authentication specialist Biocryptology put biometric authentication in the spotlight on the first day of Money20/20 Europe with a major…
Google’s face-scanning smart doorbell has hit the UK market. Called Nest Hello, it’s a doorbell with an integrated camera and speaker system, and is designed to connect to other smart home devices via wifi. When someone is at the door, it will send an alert to the user – through a smartphone or Google Home…
While the premium version of Xiaomi’s new flagship smartphone may be stealing the spotlight, Fingerprint Cards is celebrating the use of its technology in the standard Mi 8 and the budget-friendly Mi 8 SE. The company has revealed that both smartphone models feature its FPC1291 sensor, a “single-chip, single-die” solution first announced in February of…
In what is sure to be looked back on a s a portent warning of the eventual apocalypse, Apple is slated to release its first ever Android app in the form of a new streaming music service. According to Mark Gurman on 9to5Mac, the service stems from Apple’s relatively recent acquisition of Beats Music (a…
