SummaryPrivado ID has merged with Disco to create a unified digital identity framework bridging Web2 and Web3. This aims to enhance identity management across diverse blockchain networks, enabling users to verify their identities and share verified data seamlessly. With leadership from both companies, the merger seeks to develop innovative solutions for decentralized identity challenges and…
SummaryOn International ID Day, Thales highlights the importance of legal identity, with over 850 million individuals lacking access to such identification, hindering their rights and access to essential services. The company advocates for advanced biometric and digital ID technologies as a means to support global identity initiatives and ensure inclusion while addressing critical human rights…
SummaryThe AFIS market is set to grow significantly, projected to achieve US$ 67.8 billion by 2031. Key drivers include increasing security demands and effective identity verification methods crucial for various sectors. The market encompasses notable players like THALES and IDEMIA, with segmentation available across components and regional dynamics. The Automated Fingerprint Identification Systems (AFIS) market…
SummaryThe biometric authentication market is expanding rapidly with expected revenues reaching $15.42 billion by 2028 for fingerprint systems and $19.3 billion for facial recognition by 2032. User comfort with biometric methods is high at 58%, and the market is increasingly trusted among businesses and consumers alike. However, privacy concerns remain a significant barrier to broader…
SummaryThe United States Vehicle Access Start Biometric Identification Authentication Market is expected to reach USD XX billion in 2023, growing at a CAGR of XX percent through 2031, fueled by advancements and rising demands in key sectors. The market features extensive applications across industries with significant contributions from prominent companies aiming to innovate and enhance…
SummaryEasypaisa has begun charging a fee for failed biometric verification attempts, responding to NADRA’s mandatory verification requirements. Users are charged 99 rupees ($0.36) for failures caused by biometric verification issues. This regulation aims to combat fraud and improve security in financial transactions. Additionally, a phased approach for mandatory biometric verification for vehicle registrations has been…
SummaryICICI Bank has introduced India’s first 24×7 robotic locker facility in New Delhi, enabling secure, automated access without human assistance. Customers can use biometric identification and a debit card to access their lockers, which are retrieved by a robotic arm. The facility, launched by CEO Chanda Kochhar, aligns with the Make in India initiative, utilizing…
SummarySteak ‘n Shake faces a class action lawsuit for alleged violations of Illinois’ Biometric Information Privacy Act due to the unauthorized collection of facial recognition data at self-service kiosks. Filed by Michael Massel, the lawsuit claims the company failed to obtain proper consent or provide adequate notice before collecting customers’ biometric data, raising significant privacy…
SummaryTraditional facial recognition systems often struggle with accuracy due to varying lighting conditions and differences in skin tones. Thermal infrared (IR) facial recognition systems offer a solution by capturing the thermal emissions of faces, thus reducing reliance on visible light. Researchers have successfully employed convolutional neural networks (CNN) to boost identification rates with quality degraded…
SummaryThe FBI is seeking facial recognition technology from U.S.-based vendors that can utilize online images from public platforms. The request aims to improve investigation methods for serious crimes, as many leads originate from social media. Vendors are asked to provide details about their technology, practices around data security, and their ability to create biometric templates….
