The Identity and Payments Summit highlighted the merging of identity and payment systems, focusing on digital wallets and mobile driver’s licenses (mDLs). With 59% wallet usage among consumers, the trend shows a blurring of lines between payments and digital ID. Interoperability remains a concern, particularly for mDLs. Insights on biometrics suggest they play a crucial…
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 Tenprint Search Automated Fingerprint Identification System market is experiencing substantial growth due to rising security demands in banking and government sectors. The technology captures ten fingerprints for a universal database, enhancing authentication processes in various applications including mobile transactions and border security. Notable market players are adopting strategic expansions to leverage this growth opportunity….
The 2024 Identity Fraud Report by Au10tix reveals that fraud-as-a-service (FaaS) has allowed novice fraudsters to launch major cyber-attacks using accessible tools. Key findings include a significant rise in social media-targeted fraud and the need for advanced fraud prevention strategies. The report emphasizes the evolving landscape of identity fraud driven by AI technologies and suggests…
ROC’s new ROC +0014 algorithm demonstrated a 30% increase in accuracy for latent fingerprint biometrics in the NIST ELFT evaluation. The algorithm reported an FNIR of 0.138 and processed matches in an average of 64 seconds, significantly improving efficiency. With high hit rates and free access to their SDK, ROC reinforces its leadership in biometric…
The Prism Project’s Flagship Report predicts over $315 billion in global biometric digital identity revenue by 2028, driven by 250+ evaluated industry players. Biometrics play a crucial role in combating fraud, enhancing user experiences, and streamlining operations. The report emphasizes the need for advanced identity solutions amid growing digital threats. The Prism Project’s recent Flagship…
The Contactless Biometrics Market is set to rise from USD 19.12 Billion in 2023 to USD 70.48 Billion by 2032, driven by security concerns and technological innovations. Key players include Aware and NEC Corporation. The sector is segmented by technology and application, with North America leading in market share while Asia Pacific shows rapid growth….
Identity security is evolving towards phishing-resistant authentication and integrated cloud-based management solutions. Key trends include greater reliance on passkeys and the growing significance of zero-trust frameworks. As threats targeting identities increase, organizations must adopt advanced security measures, leverage AI, and address challenges with legacy systems and standardization. Identity security is expected to evolve significantly, with…
Paravision secured a top five position in the NIST FRTE 1:N test with its upcoming 7th Generation Face Recognition technology, excelling in the visa-border scenario. It has consistently ranked highly in previous evaluations, marking it as a leading vendor in facial recognition. The company’s performance is underpinned by a commitment to continuous innovation and adaptability…
The biometric authentication identification market is expected to grow significantly from 2024 to 2032, driven by technological innovations and sustainability efforts. North America remains a key player due to high technology adoption, with Europe also projected to grow. Success in this market requires businesses to balance agility and focus on sustainable practices, fostering innovation to…
