Wearables, Payment Cards, and Selfie Onboarding: This Week’s News Roundup

This week’s roundup of FindBiometrics’ top articles delivers a healthy mix of topics including wearables, payment cards, and selfie onboarding.

First, though, is an item that got some attention not for its written content, but for a video. FindBiometrics readers now have access to a fireside chat between Editor in Chief Peter Counter and Armin Ebrahimi, Head of Personal Identity at Ping Identity, with the discussion delving into digital onboarding, addressing high risk use cases, and AML and KYC compliance, among other things:

WATCH NOW: The Future of Identity Verification

In the world of biometric wearables, the high-profile startup WHOOP got some attention with a $200 million Series F funding round led by SoftBank Vision Fund 2. The latest VC injection brought WHOOP’s valuation to a whopping $3.6 billion:

Biometric Wearables Specialist WHOOP Reaches $3.6B Valuation After Latest Funding Round

As for biometric payment cards, Zwipe recently made news with its announcement of a partnership with an undisclosed Tier-1 bank. Based somewhere in Europe, the client is planning a three-country pilot of fingerprint-scanning cards featuring Zwipe’s technology:

Zwipe Prepares for Biometric Card Pilot With Tier 1 Bank

This week also brought the latest and perhaps one of the most high-profile illustrations of the growing popularity of selfie-based biometric onboarding. NASA has contracted IDEMIA to deliver a ‘Remote Identity Proofing’ solution that lets its collaborators verify their identities using a mobile device:

NASA Turns to IDEMIA for Remote Onboarding

Equifax, meanwhile, has launched a selfie onboarding solution of its own. The company’s Digital Identity Suite is aimed at verifying the identities of home rental applicants for property managers, again demonstrating the popularity of onboarding solutions that combine document and facial recognition for identity verification:

Equifax Delves Into Selfie Onboarding for Rental Applications

Stay tuned to FindBiometrics for the latest news from the exciting world of biometrics. You can also visit our sibling site Mobile ID World to read the latest about digital identity.

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September 18, 2021 – by Alex Perala

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