In January 2025, 56 startups in Biometric Payments have emerged, with 23 funded, including 8 at Series A+. The US leads in company presence. Notable startups include IDEMIA, PayFace, Zwipe, BehavioSec, and TypingDNA, each excelling in distinct biometric technologies for secure financial transactions. In January 2025, there are 56 notable startups in the Biometric Payments…
Biofire has launched the first biometric smart gun in the U.S., designed for secure user access through biometrics, addressing safety concerns. With advanced features, it targets safer ownership while navigating regulatory and public acceptance challenges amid gun-rights debates. Biofire has officially launched America’s first biometric smart gun, integrating fingerprint and facial recognition technology to enhance…
The voice biometrics market, valued at USD 1.85 billion in 2023, is projected to reach USD 15.69 billion by 2032, growing at a CAGR of 27.1%. This growth is fueled by the rising demand for secure authentication in various sectors, particularly BFSI. However, challenges such as high costs and emerging fraud techniques like deepfakes threaten…
AI agents are transforming the digital identity landscape, attracting companies like OpenAI and Nvidia. They present significant challenges in identity and payment systems, highlighting the need for revamped infrastructure. Strong identification protocols are essential for user trust and security as organizations integrate AI agents into workflows. These advancements can enhance digital wallet capabilities by providing…
The Identity and Payments Summit highlighted the merging of identity and payment systems, focusing on digital wallets and mobile driver’s licenses (mDLs). With 59% wallet usage among consumers, the trend shows a blurring of lines between payments and digital ID. Interoperability remains a concern, particularly for mDLs. Insights on biometrics suggest they play a crucial…
Germany’s BundID digital identity system faces low usage with only 5.1 million users. Transitioning to DeutschlandID is planned, but the timeline is uncertain. Improvements have been made, including expanded services. Deutsche Telekom’s CEO supports digital IDs and legislative advancements, although political instability poses challenges to progress. Germany’s digital identity initiative BundID faces challenges in gaining…
The EU’s AI Act may not create a global regulatory influence but is likely to define standards for biometric technologies in the EU, particularly affecting the Digital Identity Wallet. Research highlights the importance of protecting fundamental rights amidst the challenges posed by biometric surveillance regulations, including exceptions for law enforcement. The European Union’s AI Act…
The article discusses the challenges of verifying human identity in an era dominated by AI and digital technologies. With biometric systems at the forefront, companies like Civic are developing holistic identity solutions that prioritize individuality and security. The rise of Proof of Personhood emphasizes the need for clear distinctions between humans and machines, while also…
Mattr has expanded its digital identity verification capabilities to include remote verification, leveraging the new ISO/IEC 18013-7 standard and OID4VP flow. This innovation allows for the use of mobile driver’s licenses across various digital platforms while improving security and compliance. The introduction of mDocs simplifies the online verification process, positioning Mattr as a leader in…
A GAO audit found persistent technical issues with Login.gov despite some compliance improvements. Many federal agencies reported challenges related to visibility into authentications, high failure rates during account setup, and inadequate fraud controls. GSA announced compliance with NIST IAL2 standards but still needs to address ongoing technical difficulties and accessibility concerns. A recent audit by…
