In January 2025, 56 startups in Biometric Payments have emerged, with 23 funded, including 8 at Series A+. The US leads in company presence. Notable startups include IDEMIA, PayFace, Zwipe, BehavioSec, and TypingDNA, each excelling in distinct biometric technologies for secure financial transactions. In January 2025, there are 56 notable startups in the Biometric Payments…
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…
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…
Veridas is implementing facial recognition technology at El Más Monumental stadium in Argentina, facilitating rapid and secure entry for fans. The biometric system, developed alongside RiverID, allows for quick enrollment and identification. Additionally, Veridas has launched its identity verification platform on Google Cloud Marketplace and is working on a digital identity wallet in Navarra to…
IATA’s One ID biometrics trial showed a 40% reduction in airport processing times, utilizing NEC’s facial recognition for flights between Hong Kong and Narita. The trial involved multiple digital wallets and highlighted improved passenger experience and operational efficiency. Biometrics adoption in airports is increasing, with 46% of passengers using such technology as of 2024. The…
Airport authorities are increasingly adopting biometric technologies from Thales, Idemia, and Vision-Box to enhance security and streamline processes at airports. Notable implementations include Thales’ partnership with Adani airports in India, SITA’s new tech hub in Romania, TSA’s biometric systems in Montana, and successful facial recognition deployments in Bali, highlighting the effectiveness of these solutions in…
Worldcoin has launched its iris scan technology in Guatemala and Malaysia, allowing users to obtain a digital ID and cryptocurrency. The launch in Malaysia has government backing, while in South Korea, the company faces hefty fines for data privacy violations. More than 93,000 South Koreans have downloaded the World App, reflecting a growing interest despite…
Germany’s BundID digital identity system faces low usage with only 5.1 million users. Transitioning to DeutschlandID is planned, but the timeline is uncertain. Improvements have been made, including expanded services. Deutsche Telekom’s CEO supports digital IDs and legislative advancements, although political instability poses challenges to progress. Germany’s digital identity initiative BundID faces challenges in gaining…
HID Rapid ID provides a three-step fingerprint verification tool for police, enhancing operational efficiency and safety. The Nomad 30 Pocket Reader allows for easy fingerprint capture, even in challenging conditions. The system ensures instant results by cross-checking against databases, contributing to improved public safety and order. HID Rapid ID has introduced a streamlined three-step fingerprint…
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…
