“Key driving factors include growing adoption in mobile banking applications, collaborative innovations, updating smart devices, and, of course, security concerns.” As the mobile biometrics revolution continues, the APAC market will play an important role in driving growth, suggests Frost & Sullivan. Announcing a new report focused on the APAC region, the market research firm asserts…
People in the biometrics industry were really into FinTech last year, suggest the results to the second question of FindBiometrics’ Year in Review survey for 2018. The question asked, “Which of the following areas of application for biometrics has been the most interesting to you in 2018?” and listed answers such as “Healthcare”, “Border Control”,…
The vast majority of people in the biometrics industry and adjacent areas are interested in biometric expedited border screening programs, suggest results from FindBiometrics’ Year in Review survey. The data comes from Question Seven, which asked, “Are you part of a biometrics enabled expedited traveler screening program (ie. PreCheck, Nexus, etc.” This refers to programs…
The results are in for the latest FindBiometrics Year in Review Survey, with at least some of them confirming the biggest trends observed over the course of 2018. And this can be seen clearly in the responses to Question Three of the survey in particular, which asked, “From your perspective, which biometric modality has been…
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.…
“Only 26 percent of respondents agreed that the government should “strictly limit” the use of facial recognition, with about 45 percent disagreeing. “ With government authorities, tech company leaders, and voices from the media and activist groups having entered into a particularly heated phase of the debate over the public use of facial recognition over…
“This trend is part of the larger mobile biometrics boom, with Goode Intelligence forecasting in its report that mobile biometric payments will amount to $1.67 trillion per annum by the end of the forecast period.” Mobile payments are going to keep climbing as the mobile biometrics boom continues to unfold in the world of financial…
“Acuity Principal Maxine Most estimates that there are currently about 5,600 biometric eGates and kiosks deployed at over 300 locations in 80 countries, and that this number will triple by 2022.” The expedited traveler screening enabled by biometric technology at airports is going to continue its ascent over the next few years, suggests a new…
Financial services industry leaders have a strong appetite for biometric payment cards and are even willing to pay for one, suggest the results of a Zwipe survey at last week’s Fintech Connect event in London. Eighty percent of respondents said their payments are ‘always’ contactless, with 19 percent saying they make contactless payments ‘sometimes’. More…
Facial recognition technology has had a big year, in good ways and bad. On the positive side, Apple signaled a more or less definitive switch to 3D facial recognition as the primary mechanism for user authentication on its flagship smartphones: Having made a big splash last year with its introduction of Face ID on the…
Those in the biometrics industry know intuitively that facial recognition has advanced by leaps and bounds in recent years, but a new report from the National Institute of Standards and Technology (NIST) puts numbers to just how far the state of the art has come. NIST, which is the world’s premier agency in the evaluation…
This week brought some important news in the world of mobile biometrics: At its Snapdragon Technology Summit, Qualcomm announced that it had developed a new, ultrasonic in-display fingerprint sensor. Called the 3D Sonic Sensor, it was unveiled alongside Qualcomm’s Snapdragon 855 Mobile Platform, its flagship chip solution for the coming year. Together with the launch of…
“…2019 could be a year in which major hack attacks demonstrate which biometric security systems are truly effective and which are outdated, if Experian’s prediction is proven right.” Experian’s sixth annual Data Breach Industry Forecast finds biometrics in the crosshairs. Assessing the five major security threats expected for 2019, the report predicts that hackers will…
In terms of traveler volumes, this was the busiest Thanksgiving in the Transportation Security Administration’s history, and the stats point to the value of its TSA PreCheck biometric screening program. The TSA says that Sunday, November 25th, saw 2.7 million travelers pass through TSA screening, making it the single busiest day for travel in its…
Artificial intelligence has always been an important component of biometric technology. In a sense, biometric recognition is artificial intelligence, enabling a computer system to correctly match a fingerprint or an iris pattern to a template on file. But it’s undeniable that AI in its broader sense is coming to play a bigger role in biometric…
“In a statement announcing the results, IDEX emphasized its “significant progress in commercializing biometric smart cards in the third quarter,” noting that it had started shipping for its first order of biometric payment card sensors received in September…” IDEX Biometrics has issued its Q3 update for 2018, in which the company is once again emphasizing…
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…
Just in time for this year’s Money20/20 event in Las Vegas, Goode Intelligence has issued a new report on the growing prominence of biometric technology in payments, entitled, “Biometrics for Payments; Market and Technology Analysis, Adoption Strategies and Forecasts 2018-2023 – Second Edition”. Much of the report’s analysis concerns the same trends outlined in FindBiometrics’…
“Shanghai’s Hongqiao airport, London’s Heathrow, and Atlanta’s Hartsfield Jackson have all announced deployments or enhancements of existing passenger processing systems based on facial recognition technology.” Acuity Market Intelligence is pointing to deployments of biometric passenger processing technology announced this week at three major airports as validation of the market research firm’s predictions about the rise…