IDEX Details Potential Use Cases of Biometric Technology

IDEX Biometrics is taking a look at some of the emerging use cases for biometric technology. In the latest post on the company blog, Sales and Marketing SVP David Orme explains that traditional security measures like PINs and passwords are already being phased out in favor of more secure forms of biometric authentication.

Of course, biometric technology has applications in a number of different industries. Financial institutions are using it to safeguard individual transactions, while security companies are leveraging it for physical and digital access control in public and private spaces.

Orme also highlighted behavioral biometrics, which is able to identify people based on behavioral characteristics like gait and typing speed. He argues that organizations will likely try to combine behavioral biometrics with a stable biometric like a fingerprint to deliver a stronger level of two-factor authentication.

Orme went on to note that there will be a particularly high demand for contactless solutions in the wake of the COVID-19 pandemic. Though fingerprints are considered to be the most stable biometric modality, COVID-19 can survive on hard surfaces like scanners and PIN pads, which could increase the risk of viral transmission if a device has multiple users.

As a result, many large organizations will turn to contactless modalities like facial recognition. However, fingerprint recognition could still feature prominently in biometric cards, which belong to a single user and therefore do not carry the same risk of transmission.

As a fingerprint recognition specialist, IDEX has turned its attention towards the latter. The company is currently embarking on a biometric card pilot in collaboration with Zwipe and IDEMIA, and has placed technology in cards that have been certified for multiple payment networks. IDEX is now preparing for mass production, and is hoping that the recent developments will lead to the mass adoption of biometric payment cards.

–

June 19, 2020 – by Eric Weiss

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

Related News

Footer

Follow Us