The behavioral biometrics market is really going to come into its own over the next several years, suggests a new report from Allied Market Research. The firm estimates that the global behavioral biometrics market was valued at about $720.5 million in 2017, and that it will reach a whopping $3.922 billion by the year 2025.…
“Once it officially goes live, users who activate it will be prompted to authenticate with a fingerprint scan every time they open the app.” WhatsApp engineers are working on a biometric authentication feature based on fingerprint recognition for Android users, according to a report from India’s Business Today. The report suggests that the biometric security…
“We can no longer rely on passwords for our financial or other sensitive transactions as they are weak, forgotten and easily hacked. We are very pleased with SoftBank’s decision to choose our standards-based authentication platform for their millions of customers.” – Phillip Dunkelberger, CEO, Nok Nok Labs Nok Nok Labs has brought strong biometric authentication…
“GoTrust ID is designed to authenticate a user based on device identification with respect to Android and iOS smartphones, together with facial, fingerprint, and or iris recognition, depending on a given device’s capabilities. “ Acer is bringing passwordless authentication to more consumers, care of GoTrust. The companies have announced that the latter’s GoTrust ID authentication…
Select business clients of Citi Treasury and Trade Solutions will soon be able to access their CitiDirect BE accounts using fingerprint or facial recognition on their smartphones. Offered in 95 countries, CitiDirect BE is aimed at enterprise clients, offering online access to investment, trade, and cash services. As such, the platform sees some big volumes,…
“2018 witnessed the largest increase in attempted ID fraud in five years and this highlights why organizations need to use more sophisticated digital identity verification solutions to take extra precaution during the online account opening process, especially during the holidays.” – Philipp Pointner, Chief Product Officer, Jumio After a bit of a lull in 2017,…
ID R&D has further expanded its executive team, announcing the appointment of Ilya Ozerets as its new Chief Product Officer. Ozerets has actually been working with ID R&D for a little over a year in an advisory role, which he performed at the same time as he served as Mitek Systems’ Senior Product Manager. Before that,…
“This collaboration could help to fight the ongoing opioid abuse epidemic in America, which is estimated to have resulted in nearly 48,000 overdose deaths last year alone.” A new partnership will see ImageWare intensify its efforts to fight the opioid epidemic: The company has teamed up with Gatekeeper Innovation, a firm that offers a medication…
Imprivata has further refined its biometric patient identification platform through a new partnership with DigiCert, a specialist in digital document verification. The companies are collaborating on Imprivata’s Confirm ID solution for Electronic Prescribing for Controlled Substances, or EPCS. Confirm ID offers DEA-compliant authentication for EPCS through the use of a system called Hands Free Authentication,…
“…he move was also a response to enthusiasm that customers demonstrated for the biometric authentication technology used in AIB’s mobile app.” One of Ireland’s biggest banks has implemented voice recognition technology from Nuance Communications for customer authentication. Thanks to the newly implemented system, Allied Irish Banks customers who register for voice authentication can confirm their…
Giesecke+Devrient Mobile Security (or “G+D”) is planning to launch a new mobile authentication system in Europe and North America, the company has announced. The Convego Mobile Authentication system is the product of a collaboration with Samsung SDS, leveraging its Nexsign platform to offer a multi-modal biometric authentication solution that supports behavioral, facial, fingerprint, and voice…
A new Windows 10 update has delivered FIDO2 authentication, with Microsoft placing its Windows Hello biometric authentication platform closer to front and center for end users. With respect to the latter, Windows’ development team has now placed a Windows Hello setup button right on the OS’s lock screen. It’s clearly a move aimed at encouraging…
The FIDO Alliance’s FIDO2 authentication standard created quite a stir when it was announced this spring, not least because it promised to bring biometric authentication to the world’s most popular web browsers. Now, that kind of functionality is actually starting to take shape, and the first crop of authenticator solutions have received official certification from…
“Administrators will now be able to assign particular policies for their end users in the event of revoked account access, and to leverage different authentication mechanisms for account recovery…” Nok Nok Labs has officially announced the next version of its S3 Authentication Suite, slated to launch next month. The biggest new feature of the platform…
“BIO-key said that the orders are expected to bring in $5 million in revenues in the current quarter, with the remainder to arrive in the next 12 months.” BIO-key has received a couple of big new orders for its biometric authentication solutions, totaling over $10 million, the company has announced. The orders are from two…
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Selfie-based authentication has emerged as a key trend over the last year, thanks in part to Apple’s outsized role in popularizing the technology with its Face ID facial recognition system on its latest iPhones. Ipsidy, meanwhile, has emerged as one of the key software players in the area of face-based authentication, offering multimodal biometric solutions…
“…the companies said their solution will deliver ‘a powerful mix of technology that provides site attendants and security personnel with cutting-edge biometric access management tools with minimal capital investment.’” Ipsidy has teamed up with Ayonix Face Technologies to integrate the latter’s biometric technology into its Access by Ipsidy security platform. The collaboration is aimed at…
In business, and perhaps especially in finance, timing is important. Borrowing at low rates, selling at high valuations, fundraising ahead of a market boom – success across a range of ventures depends so much upon acting when conditions are exactly right. For FinTech players involved in biometrics, that time is now, as our Financial Biometrics…
“Their collaboration, they said, ‘could result in the United States’ first nationwide biometrics gathering system for broad consumer-focused initiatives.’” Facial recognition specialist Robbie.AI and fingerprint authentication solutions provider SureID have teamed up, with plans to put their heads together in joint research and development efforts. In a statement announcing the partnership, the companies explained that…