Precise Licenses Innovatrics Facial Recognition Tech

Biometrics News - Precise Licenses Innovatrics Facial Recognition Tech

Precise Biometrics has integrated facial recognition into its YOUNiQ access control platform through a new partnership with Innovatrics. The arrangement is part of Precise’s ongoing efforts to expand beyond fingerprint recognition and offer security solutions with full multimodal utility.

To that end, Precise will pay Innovatrics an annual licensing fee to deploy its passive facial recognition technology in its YOUNiQ platform. Innovatrics will also receive an additional licensing fee for every individual YOUNiQ user.

Facial recognition is the first non-fingerprint modality to become available through YOUNiQ. Precise is hoping that it will boost sales and the overall appeal of the platform.

“I’m confident that we will be able to leverage each other’s network, strengthening our position in Europe,” said Precise CEO Stefan K. Persson. “Innovatrics is a front runner in face recognition and their proprietary technology will be one of the cornerstones in Precise YOUNiQ.”

“With Precise, we’ve found a partner equally invested in developing trustworthy solutions that positively impact people’s lives from entering premises to making businesses more efficient,” added Innovatrics CEO and Founder Jan Lunter.

The news comes shortly after Precise updated YOUNiQ to provide passive liveness detection. YOUNiQ was first announced earlier this year as part of a broader expansion into multimodal identity services, with Precise later revealing that YOUNiQ would primarily be used for access control. Precise was already trialing the platform – and its facial recognition component – with partners like NVSS Security and Clarkson University at that time.

In the meantime, Innovatrics’ facial recognition algorithm has consistently performed well in multiple rounds of NIST testing. The company has recently been turning its attention to the Latin American market, and previously bundled its various products into a comprehensive Biometric Ecosystem.

According to its latest quarterly report, Precise expects YOUNiQ to reach the commercialization phase sometime in 2020.

December 13, 2019 – by Eric Weiss