In addition to some of the bigger news stories unfolding in the identity technology landscape, this week has delivered a number of announcements from technology vendors active in the space. Here are the latest:
AwareID Plug-In Brings Biometric Authentication to WordPress Marketplace
Aware, Inc. has launched AwareID, a cloud-based biometric authentication platform, on the WordPress Marketplace, enabling businesses and website developers to integrate facial recognition-based security. The plug-in facilitates secure identity verification, fraud prevention, and compliance, particularly in industries like online gambling, e-commerce, and content-driven websites. AwareID’s integration with WooCommerce extends its functionality for online retail platforms, providing password-free access control and biometric security without significant infrastructure investments. The platform also offers flexibility through SDKs, APIs, and OpenID Connect for diverse IT needs.
FLEX Debuts F.A.C.E: Biometric Payment Solution for High-Risk Transactions
FLEX Payment Solutions has introduced F.A.C.E. (FLEX Authorized Checkout Experience), a biometric-based payment platform for high-risk industries like cannabis, CBD, and tribal-owned businesses. The platform uses AI-driven fraud prevention and patented encryption to enhance consumer identity verification at the point of purchase. F.A.C.E. allows businesses to verify identities in real-time, ensuring secure and compliant transactions. Designed to adapt to changing regulations, it provides a seamless, secure payment experience for regulated industries, leveraging FLEX’s 20 years of expertise in financial services and a strong network of banking partners.
Gartner Publishes First Magic Quadrant on Identity Verification, Honorable Mention for Inverid
Gartner’s first-ever Magic Quadrant (MQ) for Identity Verification recognizes the technology’s maturity, highlighting 11 vendors for their expertise in features like document verification and face authentication. Entrust and GBG Plc were named Leaders and Niche Players, respectively, while Inverid received an Honorable Mention for its NFC-based document verification solution, ReadID. Gartner emphasized the growing dominance of SaaS in this sector, but noted challenges in vendor accuracy assessments due to inconsistent standards. Inverid stood out for its strong performance and accessibility compliance.
Jumio Announces Over 300 Patents in Biometrics and Anti-Spoofing Technologies
Jumio has announced that it now holds over 300 patents, covering nearly 100 unique patent families. These patents highlight Jumio’s innovations in biometrics, liveness detection, and anti-spoofing technologies. The company has processed over 1 billion transactions across 200 countries and supports 5,000 ID types, emphasizing its role in combating identity theft and online fraud. CEO Robert Prigge noted that Jumio’s patent program fosters innovation, reinforcing the company’s position as a leader in identity verification and compliance solutions using AI and machine learning.
Trust Stamp Enhances Biometric Security with Palm-Enhanced Cryptographic Solution
Trust Stamp has launched a research initiative to enhance its Stable IT2 biometric cryptosystem by incorporating contactless palm authentication. This project, funded by Xjenza Malta, will integrate face and palm biometrics to improve security and privacy. The system generates cryptographic keys from biometric data without storing sensitive information on devices, reducing cybersecurity risks. Trust Stamp’s initiative, which starts in November 2024, aligns with FIDO standards and targets applications like digital wallets and identity management, offering secure on-device authentication through an SDK for Android devices.
QuarkID: Buenos Aires Launches Blockchain-Based Digital ID System
Buenos Aires has launched QuarkID, a blockchain-based digital identity system within its miBA mobile app, which serves over 3.6 million residents. QuarkID utilizes decentralized digital identities (DIDs) and zero-knowledge cryptography for enhanced security and privacy. Replacing traditional usernames with cryptographic keys, the system ensures users maintain full control of their data. Built on the Ethereum-based Layer 2 ZKsync blockchain, QuarkID offers secure, efficient transactions. The system was successfully tested at the Aleph event, where it was used for identity verification and real-world transactions.
Facephi Increases Turnover by 20% in First Half of 2024, Reaching €11.7 Million
Facephi has reported a 20 percent turnover increase, reaching €11.7 million in the first half of 2024, with gross revenues of €14 million. The company invested €2.3 million in enhancing production and innovation, with 70 percent of its workforce now in technical roles. Facephi strengthened its financial position by eliminating convertible bonds and partnering with Nice&Green. It also expanded globally, securing an exclusive deal with HANCOM in Asia-Pacific and a partnership with Samsung Securities. CEO Javier Mira highlighted strategic alliances and technological advancements driving the company’s growth.
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October 23, 2024 – by the ID Tech Editorial Team
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