Government and Payments Sectors Dominate This Week’s Top Biometrics Stories

Government and payments are the two big sectors in this week’s roundup of FindBiometrics’ top stories.

In the realm of government biometrics, IDEMIA got some attention this week with its announced of a new biometric kiosk designed for border screening in the European Union. New regulations for border control around the Schengen Area are scheduled to come into effect in 2022, and IDEMIA’s TravelKiosk EES is designed to meet them:

IDEMIA Introduces New Biometric Kiosk for European Borders

Meanwhile, in Singapore, government officials are preparing to launch a comprehensive digital citizen ID program that will allow citizens to access government services – and those of private sector partners – through face-based biometric authentication:

Singapore Moves Forward with National Facial Recognition System

Next we have an article that bridges the government and payments sectors. Acuant VP of Engineering Glenn Larson turned some heads this week with his argument that the dwindling use of physical cash and coins is going to leave the 1.7 billion unbanked adults of the world in a particularly vulnerable position, and that government authorities need to embrace solutions like digital ID and biometric authentication to deliver the kind of financial inclusion that’s need to address this problem:

Governments Must Embrace Biometrics, Digital ID as Cash Dissipates, Says Acuant Exec

Readers were also interested in payments facilitated by biometric cards this week, with Zwipe having issued a Q3 operational update that highlighted its positioning efforts in the emerging biometric payment cards market:

Zwipe Prepares For Large-Scale Biometric Card Commercialization in 2021

Finally, a look at the bigger picture: a new market forecast projected that the global market for identity products will rise from $7.6 billion this year to $15.8 billion in 2025, reflecting a CAGR of 15.6 percent. Biometric technologies are, of course, a component of this market, if not the biggest one:

Identity Verification Market Expected to Reach $15.8 Billion by 2025: Report

*

Stay posted to FindBiometrics next week as we continue to bring you the latest news and interviews from the exciting world of biometrics. To see the hottest stories of the week in mobile digital identity, visit our sibling site Mobile ID World.

–

October 24, 2020 – by Alex Perala