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,…
Integrated Biometrics and GripID unveil the GripID FAP30, the smallest multimodal biometric device, integrating advanced fingerprint, iris, and facial recognition technologies. It offers a compact, portable design ideal for law enforcement and border security. Future innovations are planned, including the GripID FAP50. GripID aims to penetrate the KYC market through collaborations enhancing security in identity…
authID has been named a top performer in Identity Proofing and Verification by The Prism Project, highlighting its strong industry experience, advanced technology, and significant client successes. The global biometric market is set for substantial growth, emphasizing the importance of biometrics in enhancing security and user experience in digital interactions. authID (Nasdaq: AUID) has been…
Fingerprint Cards AB and jNet Secure are developing a biometric System-in-Package (SiP) module aimed at enhancing digital security. This solution will replace traditional passwords with cryptographic key pairs, addressing vulnerabilities in sectors like finance, government, and enterprise. Mass production is anticipated in late 2025, with features supporting high-security applications for seamless integration and improved access…
A startling report reveals that 50% of North American businesses have reported an increase in AI-generated fraud, specifically deepfakes and biometric spoofing. The report highlights a significant rise in fraudulent activities, including employee impersonation, and calls for businesses to adopt proactive measures. Internationally, banks in Brazil and the Philippines are taking important steps to enhance…
Digital identity systems, exemplified by ConnectID, Visa, and ID.me, are central to streamlining identity verification in the digital economy. ConnectID, backed by major banks, enables users to reuse stored data; Visa highlights the role of payment systems in identity verification, while ID.me focuses on pre-verified user programs. Addressing the digital divide remains a critical challenge…
IDEMIA has launched STORM LP-X, a cloud-native latent print software revolutionizing forensic analysis. It utilizes a user-friendly interface for encoding, searching, and comparing prints against state and FBI databases. This tool enhances productivity for law enforcement professionals, facilitating work from any location while offering innovative features tailored to meet the needs of examiners. IDEMIA, formerly…
Identity security is evolving towards phishing-resistant authentication and integrated cloud-based management solutions. Key trends include greater reliance on passkeys and the growing significance of zero-trust frameworks. As threats targeting identities increase, organizations must adopt advanced security measures, leverage AI, and address challenges with legacy systems and standardization. Identity security is expected to evolve significantly, with…
The UK police are exploring experimental biometric modalities like odor and gait recognition, as noted in the latest report by the Biometrics Commissioner. The report calls for regulatory frameworks to balance public safety with citizens’ privacy rights amid growing concerns over facial recognition surveillance. The recent annual report by the Biometrics and Surveillance Camera Commissioner’s…
