Biometric Terminal Market Forecast to Surpass $133 Billion by 2031
The global market for biometric terminals is poised for substantial growth, with projections placing its value at $133.758 billion by 2031. This forecast comes…
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The Latest Biometric News
BSF Deploys Thousands of Body Cameras and Biometric Devices on Bangladesh Border
India’s Border Security Force (BSF) has launched a major surveillance and identity management upgrade along its 4,096-kilometer border with Bangladesh,…
Crypto Lender Uses World ID Iris Scans to Expand Access to Microloans
A San Francisco-based fintech startup is using biometric identity verification to power a new crypto lending platform aimed at underserved borrowers worldwide.…
Google Agrees to $8.75M Biometric Data Class Action Settlement
Google has agreed to pay $8.75 million to settle a class action lawsuit alleging that the company violated Illinois’ biometric privacy law through its…
Yoti Improves Teen Accuracy in Facial Age Estimation as UK Regulations Kick In
Yoti has released a new white paper detailing major accuracy improvements in its facial age estimation technology for users aged 13 to 17. The update comes as…
OpenID Foundation Reports 87 Percent Interoperability Success for Credential Issuance Spec
The OpenID Foundation has announced that interoperability testing for its OpenID for Verifiable Credential Issuance (OpenID4VCI) specification achieved an 87…
Federal Bank Launches India’s First Biometric Authentication for E-Commerce Card Payments
Federal Bank has introduced India’s first biometric authentication system for e-commerce card transactions, enabling customers to complete online purchases…
Lotte Card Cleared for Facial Recognition Payments in South Korea’s Regulatory Sandbox
South Korea’s Financial Services Commission (FSC) has granted approval for Lotte Card’s facial recognition payment system under the country’s financial…
Credence ID Joins MOSIP Marketplace as Qualified System Integrator
Credence ID has been recognized as a System Integrator by the Modular Open Source Identity Platform (MOSIP), formally joining the initiative’s Technology…
AI Update: The Poaching Continues
Welcome to the newest edition of ID Tech’s AI Update. Here’s the latest big news on the shifting landscape of AI and identity technology: The White House has…