BIO-key International, Inc. has secured a $910,000 order from a financial services customer to enhance its biometric identification system to a “fingerprint only” method, streamlining customer verification for over 25 million enrolled users. This transition aims to improve client interaction efficiency by eliminating the need for physical ID cards and numbers, with expected annual revenue…
The IATA’s 2024 Global Passenger Survey reveals that travelers prioritize convenience, speed, and technological integration in air travel. Key findings indicate a strong preference for online booking, credit card payments, and willingness to use biometrics, albeit with concerns about data security. Regional trends show varying priorities for different groups, highlighting the need for tailored approaches…
BIO-key has received a $910,000 order from a financial services provider to upgrade to a fingerprint-only biometric identification system. This upgrade streamlines customer verification by eliminating the need for account or ID numbers, relying solely on fingerprint scans, and is expected to increase annual recurring revenue to around $1.4 million post-deployment in 2025. BIO-key International,…
The latest advancements in optical tactile sensors bring forth a new era of biometric recognition technologies. These sensors can analyze both static and dynamic forces simultaneously from a single image, thanks to their innovative design and use of machine learning. Led by a team from UNIST and Seoul National University, this technology has applications in…
Las Vegas police are resisting the NFL’s facial recognition access policy, citing biometric data concerns. The NFL is preparing to implement a facial authentication system at all stadiums. This pushback may indicate broader issues across other NFL teams, compounded by public protests against facial recognition technologies in sporting venues. The Las Vegas police have officially…
Anonybit has introduced iris and voice recognition to its Decentralized Biometric Cloud, which already included facial and palm biometrics. This expansion enhances privacy and security for enterprises, allowing for customized biometric solutions. Utilizing Multi-Party Computation and Zero Knowledge Proofs, Anonybit safeguards biometric data against breaches. The platform aims to meet the rising demand for privacy-centric…
authID has launched biometric identity verification services for Imperial Technologies, aiming to secure and streamline customer onboarding amidst rising identity theft concerns. By utilizing advanced biometric checks and ensuring rapid authentication, this partnership intends to reshape digital customer acquisition within the telecommunications sector. authID® (Nasdaq: AUID) has officially entered into a partnership with Imperial Technologies…
Petnow has launched an AI-driven app that revolutionizes pet identification by using biometric data from pets’ nose prints and facial features. With a reported 99.9% accuracy rate, this free app aims to help find lost pets by alerting local communities and facilitating identity confirmation through biometric scans. Currently available in 16 countries, Petnow has won…
Accura Scan has launched an innovative no/low-code biometric identification platform aimed at simplifying identity verification for organizations. The ABIS solution facilitates data extraction and incorporates advanced biometric technologies, ensuring compliance with regulatory standards and enhancing security against identity fraud. Accura Scan has launched a no/low-code automated biometric identification platform, designed to enhance the efficiency of…
Toppan Gravity has struck a deal to acquire HID’s Citizen Identity division from Assa Abloy. The acquisition is anticipated to close in the upcoming months, although terms remain undisclosed. The move aligns with a broader trend of consolidation in the identity sector, emphasizing the integration of traditional and digital identity solutions. The HID division has…
