Case Studies in Corporate Strategy: This Week’s Top Biometrics Stories

This week’s roundup of FindBiometrics’ top stories is all about corporate strategic positioning, in a variety of forms – perhaps demonstrating the dynamism of the identity industry.

One example arrives in the form of M&A activity. Interac got a lot of attention this week with the news of its acquisition of SecureKey’s Canadian business. SecureKey is an important provider of digital identity solutions in the country, especially with respect to its Verified.Me and Verified.Me Government Sign-In solutions:

Interac Acquires SecureKey’s Entire Canadian Business

Socure, meanwhile, went ahead with a different kind of strategic acquisition. The company announced that Matt Thompson, a seasoned veteran of the biometrics and identity space with deep expertise in the government sector, has joined the company as General Manager of Public Sector Solutions:

Digital Identity Leader Matt Thompson Joins Socure

This week also brought news of an interesting pivot from Imageware, which is taking aim at the emerging Self Sovereign Identity space. There is ample opportunity to leverage the benefits of biometrics in SSI, and Imageware is working on tailored solutions. It has also joined two major standards organizations focused on decentralized identity:

Imageware Eyes Biometric Opportunities in Self Sovereign Identity

FindBiometrics readers also showed sustained interest this week in a noteworthy strategic move on Amazon’s part. Amazon Web Services has officially launched Amazon Connect Voice ID, a voice authentication tool for contact centers. It’s the latest sign of Amazon’s growing interest in biometric technology, with the company having received a lot of attention (and scrutiny) for its facial recognition tech over the past few years, and having recently launched a palm scanning solution for retail checkout and access control:

Amazon Launches New Voice Authentication Service

And finally, an example of corporate strategy that everybody in the identity security industry can get behind: implementing passwordless authentication for customers. A new case study details how a challenger bank nearly eliminated fraud by deploying sophisticated, low-friction anti-fraud technology from Incognia:

How Did This Challenger Bank Nearly Eliminate Fraud? Download Incognia’s Case Study and Find Out

Stay tuned to FindBiometrics for the latest news from the exciting world of biometrics. You can also visit our sibling site Mobile ID World to read the latest about digital identity.

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October 9, 2021 – by Alex Perala

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Partners

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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