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….
SummaryNational ID cards remain uncollected in significant numbers in Kenya and Sierra Leone, prompting officials to call for action from the public. In Kenya, 476,167 cards are unclaimed, while Sierra Leone’s National Civil Registration Authority is encouraging citizens to retrieve their biometric IDs to support national digital transformation efforts. In both Kenya and Sierra Leone,…
SummarySASSA has launched a biometric verification system to combat identity fraud, particularly for clients modifying their details related to the Covid-19 SRD Grant. This process requires clients to use a smartphone or computer with a camera, and failure to verify may lead to suspended grants. The initiative is aimed at ensuring genuine claims and protecting…
SummaryOn September 16, Ideco celebrates International Identity Day, underscoring the importance of secure identity verification amidst growing digital transactions. The company has launched an Electronic Know Your Client (eKYC) solution, which utilizes biometric technologies to protect against identity theft and comply with regulations. The eKYC not only enhances security but also drives industry efficiency, with…
