The live events industry is increasingly utilizing biometric technology for ticketing and sales operations, including examples from venues in the U.S. and Latin America. Key players such as Wicket, Veridas, and Clear are leading these innovations, which aim to enhance attendee experience while addressing privacy concerns. Similar biometric applications are emerging in finance, suggesting a…
Facial recognition technology is rapidly growing in South Korea, enhancing security and convenience in various sectors. Despite challenges like privacy concerns and integration costs, companies are pushing forward. Major players like Viva Republica and KakaoBank are expanding their services, anticipating increased adoption for payment solutions driven by positive user experiences. South Korea is witnessing a…
IATA demonstrates a proof-of-concept for fully digital air travel using biometric identification and digital wallets. The trial between Hong Kong and Tokyo showcased the elimination of physical documents, enhancing security, efficiency, and personalization. Challenges such as interoperability and data privacy must be addressed as the industry moves towards this seamless travel experience, which promises significant…
Global spending on digital identity verification is expected to grow by 74% to over $26 billion by 2029, primarily due to advancements in behavioral biometrics and blockchain technology. These innovations enhance fraud detection and ensure better user control over data privacy. Regulatory changes in the EU will also shape market practices significantly. A recent study…
