The Biometrics Industry Converges on Money20/20 Europe

We are reporting live from Copenhagen at Money20/20 Europe this week, where the biometrics industry has converged to help usher in the future of identity in FinTech.

Biometric Payment Cards

The Biometrics Industry Converges on Money20/20 Europe — Dr. Hemant Mardia, CEO, IDEX (left) with FindBiometrics President Peter O’Neill (right) at Money20/20 Europe.

As expected, biometric payment cards are taking up a big share of the security spotlight at Money20/20 Europe, with OT-Morpho and IDEX both making conference headlines in this regard. The companies each provide their biometric technology for Mastercard’s fingerprint protected credit card, which was announced earlier this year. In an exclusive interview with FindBiometrics president Peter O’Neill, IDEX CEO Dr. Hemant Mardia likened the biometric Mastercard to the invention of Touch ID, calling it an “Apple moment.” Listen to the interview and read more about biometric smart cards at Money20/20 Europe by following the links below:

Money20/20 Europe: OT-Morpho Unveils Biometric Payment Card

Money20/20 Europe: IDEX Flexible Fingerprint Sensor Gets Demoed

Money20/20 Europe: Hemant Mardia, CEO of IDEX, Talks Biometric Payment Cards [AUDIO]

Biometrics Integrations

Big software integrations are making multimodal biometrics all the more accessible to financial services clients. This week at Money20/20 Daon and EyeVerify announced a partnership that brings the latter’s Eyeprint ID mobile authentication solution to the former’s IdentityX platform, further bolstering its biometric offerings. Money20/20 Europe is also the opportunity BioConnect and FacePhi have chosen to showcase their recent integration too, with their joint solution available for demonstration on the exhibition floor.

Money20/20 Europe: Daon Integrates EyeVerify Tech Into IdentityX Platform

BioConnect Integrates FacePhi Facial Recognition Solution

Biometrics on Stage

Biometrics are the topic of panels, keynotes, and interviews too. In yesterday’s opening presentation, Square CEO and founder Jack Dorsey casually imagined a future when voice-based payments replace the current card-based paradigm. But on a more in-depth and involved level, Daon’s president of EMEA and APAC, Clive Bourke, took the arena stage today for his talk, Convenient and secure authentication in a mobile world, in which he spoke about biometric case studies in finance.

Tomorrow, the biometric conversation will continue with, The power of choice: Why multimodal biometrics are taking over consumer facing FinTech. The panel, moderated by FindBiometrics president Peter O’Neill will bring together experts from Visa, HSBC, OT-Morpho, FacePhi, and BioConnect to speak on the influence biometrics are having on the customers.

BRIEF: Money20/20 Europe’s Biometric FinTech Experts

Money20/20 Europe: What Happens To Square When We Pay With Our Voice?

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

Biometric Payment Cards

Biometrics Integrations

Biometrics on Stage

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