The United States Biometrics-as-a-Service (BaaS) Market is anticipated to grow from USD xx.x billion in 2023 to USD xx.x billion by 2031, driven by a CAGR of xx.x percent. Key industry players include NEC, Aware, and Fujitsu. The report analyses market dynamics, technological advancements, and consumer behavior while providing insights into regional market performance and…
This week’s biometric updates spotlight the race to integrate biometric solutions for border control and travel, led by SITA, Amadeus, and Idemia at airports. Countries like Vietnam have seen positive impacts from biometric laws, while Visa’s acquisitions enhance fraud prevention. Initiatives like Bhutan joining the Global Acceptance Network and ECOWAS accelerating ID rollouts signify an…
The Railway Board has instructed the installation of biometric attendance systems for station staff to combat overtime claims irregularities. Prompted by concerns about duty swapping, this mandate follows advice from the Central Vigilance Commission to link digital attendance with overtime claims. Some staff worry these measures may cause unintended consequences, given the current lack of…
Iris recognition technology offers a secure and precise method of biometric identification through unique iris patterns, aiming to reduce identity theft and unauthorized access. Valued at approximately USD 4.5 billion in 2023, the market is projected to grow to USD 12.8 billion by 2030 with a CAGR of 16.1%. Key applications span the financial sector,…
The National Crime Agency (NCA) of the UK is seeking new facial recognition software solutions to bolster its fight against organized crime. The agency issued a Request for Information (RFI) to find suppliers capable of delivering reliable facial recognition technology amidst rising use by UK police forces in response to increased crime incidents, particularly by…
Ireland’s Data Protection Commission is investigating Ryanair’s use of facial recognition and biometric data requirements during bookings made through third-party travel websites. The inquiry addresses complaints from EU travelers about excessive data requests and will determine Ryanair’s compliance with GDPR. Ryanair argues these measures protect consumers from fraudulent OTAs, amid ongoing legal disputes with agencies…
Microblink has launched a Fraud Lab to combat identity fraud using AI, joining IndyKite’s efforts with DIACC and Wink’s partnership with ADI Association to enhance digital identity security. These initiatives reflect a strong industry push towards cooperative solutions against identity theft. Microblink, a leader in identity verification technology, has launched its Fraud Lab aimed at…
The Biometric Authentication and Identification market is projected to grow from $16 billion in 2023 to $40 billion by 2032, exhibiting a CAGR of 12%. The surge is spurred by increased demand for secure authentication methods across various sectors, particularly in North America and the rapidly expanding Asia-Pacific region. Key players include IDEMIA, Thales, NEC,…
In 2024, the FBI celebrates 100 years of fingerprint technology with new innovations being introduced by Blue Biometrics and NEC. Blue Biometrics has released a new version of LEA Blue software for contactless fingerprint scanning, while NEC’s Integrated Biometric Workstation features updated algorithms to enhance investigative efficiency. Law enforcement in Brazil also adopts biometric scanners,…
A Veriff report highlights a growing comfort with selfie biometrics among users for online transactions as companies leverage AI to combat rising fraud attempts. Key players in the industry like AuthenticID and iDenfy are enhancing identity verification systems amidst increasing instances of sophisticated fraud, particularly in the cryptocurrency market. The findings underscore a robust shift…
