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…
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…
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…
The biometric payment market is projected to grow from $9.89 billion in 2024 to $45.99 billion by 2035, at a CAGR of 18.12%. This technology uses physical and behavioral traits for secure transactions, gaining popularity due to smartphone use and the need for enhanced security amid increasing cyber threats. The global biometric payment market, valued…
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…
Gravy Analytics experienced a data breach exposing sensitive location data of millions, revealing vulnerabilities in data brokerage practices. Unauthorized access to the company’s AWS environment allowed hackers to threaten public exposure of private data. The incident highlights significant privacy issues and the risks associated with de-anonymization and real-time bidding in advertising, prompting calls for stricter…
Daon is integrating a patented synthetic voice detection technology into its call center fraud protection platform. This technology enhances voice biometric authentication by analyzing voice data through stereophonic processing. The method aims to detect subtle anomalies associated with deepfakes, thus improving security measures. Additional applications are planned across various industries, emphasizing the importance of safeguarding…
EDEKA Jaeger has launched a third automated store in Stuttgart with biometric age verification kiosks from Diebold Nixdorf. The technology uses AI for facial age estimation to facilitate sales of restricted products like alcohol. This initiative supports a customer-centric shopping experience while decreasing staff workload on age confirmation tasks. EDEKA Jaeger has launched its third…
U.S. CBP is set to enhance its iris recognition technology usage, increasing its application to 100% in border apprehensions. Iris ID, partnered with the agency for about a decade, provides reliable biometric identification. The stability of iris scans over biometric life stages offers significant advantages, though privacy concerns about mass adoption persist. The U.S. Customs…
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…
