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

Related News

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