The biometric payment market is set to grow from USD 8.6 billion in 2023 to USD 34.8 billion by 2032, with a CAGR of 16.84%. This growth is attributed to increasing security concerns and consumer preference for seamless transactions powered by technologies like fingerprint and facial recognition. Leading players, including Apple and Mastercard, are spearheading…
University researchers are tackling bias in facial recognition through varied approaches. IIT Jodhpur developed a Fairness, Privacy, and Regulatory framework to evaluate datasets, revealing significant deficiencies in fairness representation. Meanwhile, SMU focuses on creating synthetic datasets for AI training, while WVU addresses biometric system vulnerabilities. These initiatives aim to improve the equity and security of…
Innovatrics has achieved tenth place in the NIST FRTE 1:N ranking for facial recognition algorithms, particularly excelling in border control applications. This position places Innovatrics among the top three providers of Automated Biometric Identification Systems, trailing NEC and Idemia. The leaderboard showcases both established and new companies, indicating a competitive and evolving biometric technology market….
Goa introduces APAAR ID, a 12-digit digital student ID linked to Aadhaar, to streamline educational record management. While it promises to enhance tracking and data accessibility, privacy advocates express concerns regarding potential data misuse and lack of protective legislation. Concerns are compounded by the absence of a national data protection law, prompting calls for a…
