Highlights From the FindBiometrics Year in Review Online Summit

We’ve officially wrapped our FindBiometrics Year in Review Online Summit, and now we’re here to bring you all the highlights! The virtual event took place on February 16, and featured some of the biggest players in the biometrics and mobile technology space.

Acuity Market Intelligence’s Maxine Most kicked things off with an update on the current state of the mobile onboarding market. Most has tracked the surging (and multi-billion dollar) interest in mobile identity tech over the course of the past year, and argued that the companies with a strong corporate foundation will have a better chance to survive in an increasingly crowded identity marketplace.

FaceTec SVP Jay Meier followed that with a keynote presentation about authentication best practices. He emphasized the importance of 3D facial recognition for liveness detection, and explained how biometric data can be packaged with identity data and encrypted to deliver an extremely high level of security while still protecting user privacy in a range of situations.    

From there, the conversation turned to mobile identity, and to national identity programs in particular. Yodahe Zemichael, the Executive Director of National ID Ethiopia, shared some details about the country’s new national ID initiative, and encouraged policy stakeholders to embrace principles of privacy and data minimization with their own identity schemes. Socure’s Matt Thompson and Jordan Burris would also join us later in the day to discuss some of the technical and logistical challenges that governments will face with digital IDs. They suggested that digital IDs can drive digital transformation and make government services more accessible to the general public.

The next panel focused on cybersecurity best practices for a hybrid work environment, and offered guests some tips to help them protect corporate assets while working from home. After that, Money20/20 Editor in Chief Sanjib Kalita joined us to discuss biometrics in the financial sector, where technologies like fingerprint recognition can enable more secure transactions.

The afternoon proceeded with a Fireside Chat with Frost & Sullivan’s Danielle VanZandt, who addressed some of the ethical concerns that people may have with biometric systems. She emphasized the need for consent when collecting biometric data, and stressed that that information needs to be stored properly to prevent a potentially catastrophic security leak.

Finally, the day concluded with an all-encompassing IBIA roundtable discussion that broke down the year’s top biometric trends. The panel featured IBIA Managing Director Robert Tappan alongside representatives from Paravision, NEC, and IDEMIA, and touched on everything from the rise of facial recognition and remote onboarding to the return of travel and the growing momentum behind multimodal authentication. Our panelists also looked to the future with their predictions for 2022.

Our virtual series will resume with our Travel & Hospitality Biometrics Online Summit on May 18. Be sure to sign up now to make sure you stay informed about the latest developments in the world of biometrics!

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February 22, 2022 – by Eric Weiss