The global boom in real-time payments is intensifying the demand for advanced identity verification tools. Key advancements include partnerships and integrations by companies like AuthenticID and Sift to enhance payment security. The expansion of biometric payment systems, particularly in Brazil, further illustrates the trend towards more secure digital transactions. Overall, these innovations aim to combat…
The AFIS market, using biometric technology for fingerprint recognition, is projected to experience moderate growth driven by rising security demands in various sectors. Increasing digitalization, government support for e-governance, and advancements in telecommunication are key growth drivers. North America remains the largest market, with ongoing investments in technology expected to sustain revenue growth through 2032….
Sri Lanka will enhance its national ID system by securing biometric data using hashing technology. This approach transforms biometric information into unique, non-reversible hashes, safeguarding citizen data. Officials emphasize rigorous testing and the establishment of digital lockers for personal information, with initial collection focusing on fingerprints and facial recognition. Sri Lanka is set to enhance…
Yongin Severance Hospital in Seoul has implemented the PASS QR code app for identity verification, enhancing security and efficiency in patient identification. The PASS app, developed by telecom providers, supports digital identity authentication via mobile ID, with plans for broader application across various sectors. Additionally, digital residence cards are now available for all South Korean…
InverID has announced that its identity verification product, ReadID, now complies with the ETSI 119 461 standard for remote identity proofing. This certification enables it to serve within the European Digital Identity wallet under eIDAS2.0 regulations. InverID has enhanced its certification offerings with compliance to the ETSI 119 461 standard for its NFC-based identity verification…
Air Canada is introducing facial recognition technology for boarding at Vancouver International Airport, allowing passengers to board without physical IDs. The initiative is voluntary and builds on a pilot program from February 2023. Concerns regarding privacy and job implications have been raised, but the airline stresses data encryption and short retention periods. Air Canada is…
This article discusses the GAO’s concerns over privacy vulnerabilities in DHS’s HART system, contrasting it with DOD’s successful implementation of ABIS in the cloud. The necessity for robust security frameworks and privacy protection in biometrics is emphasized alongside the unique challenges posed by each system. The recent Government Accountability Office (GAO) audit report has highlighted…
Corsight AI is enhancing AI explainability in facial recognition by showing how its technology analyzes facial features. This initiative aims to build trust and comply with regulations. Corsight has also been certified under the ISO 42001 standard, while addressing international client needs regarding privacy and safety. The company is expanding in various regions, focusing on…
Key State Capital has launched a comprehensive database of decentralized identity projects, revealing that nearly 60% of countries developing digital IDs are also focusing on decentralized options. The move aims to provide greater control over personal data for citizens globally. Despite challenges like limited interoperability and short-lived pilot programs, the market for decentralized IDs is…
Accu-Time Systems has launched the stride80 time clock using Only|You Palm vein scan technology for employee tracking. This method provides improved authentication by scanning unique palm vein patterns, eliminating traditional timekeeping methods. The technology is gaining popularity for its speed, security, and diverse applications, bolstered by support from leading companies in the payment sector. Accu-Time…
