Trustly has launched Trustly ID, a biometric technology enhancing payment experience by ensuring faster and more secure identity verification through bank authentication. It is designed to simplify transactions and is expected to significantly benefit the gaming industry. The pilot phase will begin in April 2025 in Finland, followed by expansions to other markets. Trustly, a…
iProov engaged in trials to bolster UK maritime port security, focusing on facial biometrics. Aimed at improving passenger processing, the project addresses challenges posed by the EU Entry/Exit System (EES). With an anticipated rollout in November, the initiative seeks to streamline border control without requiring passengers to leave their vehicles, reflecting a shift towards digital…
BIO-key International, Inc. completed a rapid biometric IAM solution deployment for an International Defense Agency client in four days. The deployment included several advanced security solutions, illustrating BIO-key’s technological efficiency and capability. Leaders from BIO-key praised the project as a successful example of innovative partnerships for enhanced security. BIO-key International, Inc. has successfully completed a…
Face biometrics are gaining popularity in various sectors, including travel and event management. While this presents opportunities for efficiency, it also raises significant risks, including privacy concerns and data exposure incidents. Regulatory measures are emerging globally, particularly in the UK and China, to address these issues. As technology advances, particularly in facial recognition, ongoing dialogue…
The article discusses the evolution of digital identity in financial services, noting the importance of continuous innovation to enhance security amid rising fraud and regulatory complexities. It highlights the establishment of digital identity frameworks across jurisdictions, compliance with data privacy regulations, and the role of open banking in transforming financial interactions. The ongoing development of…
London police plan to install the UK’s first permanent live facial recognition cameras in Croydon, aiming to enhance crime prevention efforts. The move follows successful deployments resulting in approximately 200 arrests last year. Privacy advocates raise concerns over regulation and potential misuse of data, emphasizing the need for legislative safeguards. London police are set to…
The formation of a Reusable Digital ID Network by Select ID, SQR, Luciditi, and ShareRing aims to enhance remote customer onboarding in UK financial services. By complying with evolving KYC regulations, the initiative focuses on improving identity verification processes and overall customer experiences. The partnership also aims to integrate emerging technologies to restore consumer trust…
IOTA Identity has reached its Alpha release on the MoveVM blockchain, merging digital identity management with decentralized technology. The framework allows for self-sovereign identities and verifiable credentials while ensuring data privacy and integrity. By utilizing a directed acyclic graph for transaction processing, IOTA presents a cost-effective alternative to traditional blockchains. Despite challenges, IOTA’s innovative approach…
Select ID, SQR, Luciditi, and ShareRing have partnered to launch the Reusable Digital ID Network aimed at improving remote customer onboarding in UK financial services. This collaboration focuses on identity verification compliance, enhances customer experiences, and promotes the use of reusable IDs. Utilizing advanced technologies like biometrics, the initiative aims to combat declining consumer trust…
Sweden has issued an RFI for a new ABIS to collect biometric data from asylum seekers, while Moldova is tendering biometric data processing hardware valued at 1.5 million leu. Sweden’s new system will support legislative changes for facial image processing, and Moldova has also prepared for a mobile biometric system procurement earlier this year. Sweden…
