The article discusses the integration of biometrics with payment systems, with Mastercard replacing credit card numbers with biometrics and tokenization. Digital wallets are merging identity and payment functionalities, while Visa advocates for passkeys as a security measure. Global responses range from concerns over AI in government to the expansion of Aadhaar in India, signaling a…
The Prism Project’s Flagship Report predicts over $315 billion in global biometric digital identity revenue by 2028, driven by 250+ evaluated industry players. Biometrics play a crucial role in combating fraud, enhancing user experiences, and streamlining operations. The report emphasizes the need for advanced identity solutions amid growing digital threats. The Prism Project’s recent Flagship…
Smile ID has updated its selfie biometrics software with advanced liveness detection technology that passed the Fime Level 2 PAD assessment. The Enhanced SmartSelfie software uses dynamic liveness challenges to prevent fraud and is optimized for low-bandwidth conditions in the African market. This technology is crucial for combating escalating fraud in the region’s banking sector,…
Daon joins the AWS ISV Accelerate program to enhance its identity verification and biometric solutions. The collaboration will enable Daon to expand its market reach and provide innovative products through the AWS marketplace. The company also launched the TrustX cloud biometrics platform in 2023 and secured a patent for deepfake detection technology. Daon has joined…
