Money Makes the News Go Round in This Week’s Top Biometrics Stories Roundup

This week saw a significant portion of the biometrics industry flock to Las Vegas for the annual Money20/20 USA financial services conference. That’s because biometric technology has played an increasingly important role in the financial services industry over the last several years; and in keeping with the trend, there was a lot of chatter about biometric FinTech both on stage and on the show floor at this year’s Money20/20 event for the Americas.

The excitement around these discussions is perfectly clear in this week’s roundup of FindBiometrics’ top posts, with many readers opting more to listen to the news rather than read about it. That’s because we delivered a number of audio interviews with high-level executives and industry leaders straight from the show floor of Money20/20 USA:

Listen to the Financial Biometrics Conversations Straight From Money20/20 USA

As for the discussion on-stage, one particular expert panel attracted a lot of attention from FindBiometrics visitors. Entitled “Invisible Authentication: How UIX-Focused Biometrics Can Make Passwords Disappear“, the discussion was moderated by FindBiometrics Digital Content VP Susan Stover, and featured executives from BioConnect, IDEMIA, and Onfido, as well as the insights of Acuity Market Research Principal Analyst Maxine Most:

Money20/20: FindBiometrics Panel Discusses Who Will Control Identity in 2025

FindBiometrics visitors were also interested in a new print interview, with Paravision CEO Doug Aley – and not least because of his candor on the subject of facial recognition and its recent controversies:

INTERVIEW: Paravision CEO Doug Aley on NIST, Computer Vision, and the Big Market His Company Wants to Avoid

In keeping with the financial trend, our latest in-depth feature for Financial Biometrics Month also saw a lot of traffic this week. Entitled “Payments Ditch the Wallet“, this one took a look far into the horizon to see what’s coming to the world of FinTech:

Financial Biometrics Month: Payments Ditch the Wallet

… And while it wasn’t directly related to Money20/20, money did factor into the fifth of this week’s most popular articles – to the tune of $30,000, as one of the leading pioneers in FinTech and selfie authentication put its money where its mouth is:

FaceTec Announces $30,000 Bounty Program for Successful Spoofs of Biometric Authentication Solution

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.

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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

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