The Biometric System Market is projected to grow significantly between 2024 and 2031. The DataM Intelligence report outlines industry trends, forecasts, and key players like 3M and Fujitsu. The study offers insights into market dynamics, segmentation, and technological advancements, enhancing understanding of the competitive landscape and future directions for this sector. The Biometric System Market…
Toppan Edge partners with Partisia to launch a decentralized digital ID system using MPC and blockchain technology. This collaboration aims to strengthen privacy and security in digital identities and aligns with Japan’s digital framework goals. The partners will also explore ways to merge human and non-human identities and investigate Web3 technologies. Toppan Edge has joined…
Biometric technologies are increasingly being integrated into vehicles by companies like Smart Eye, Forvia, trinamiX and Ford. Innovations include a secure biometric authentication system for payments and health monitoring, as well as a new patent that could associate biometric data with criminal records. These developments promise to enhance security and personalize driver and passenger experiences….
authID has been named “Best ID Management Platform” at the 2025 FinTech Breakthrough Awards. This award is a testament to their innovative biometric identity verification solutions that prioritize speed, accuracy, and data privacy. CEO Rhon Daguro emphasized the company’s commitment to safety and compliance, addressing the rising concerns over digital identity management. In a significant…
BIO-key International will host its Q4 2024 investor call on March 27th at 10 a.m. ET, following a results release before the market opening. The call will be led by CEO Mike DePasquale and CFO Cecilia Welch. Various access options for the call are provided, emphasizing their innovative IAM solutions for security. BIO-key International, Inc….
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…
Jamf is acquiring IAM company Identity Automation for $215 million, aiming to integrate identity and device management. Identity Automation specializes in dynamic IAM tailored for sectors experiencing role changes. The acquisition aims to enhance security solutions across multiple industries and streamline user management processes. Jamf, a platform enhancing management and security for Apple devices, is…
Biometric technology is enhancing travel efficiency by digitizing identity credentials like mobile driver’s licenses and passports, addressing issues such as fraud and age verification. Despite potential, significant barriers to adoption include regulations and interoperability concerns. Recent trials indicate biometrics can reduce processing times, while ethical concerns in law enforcement highlight the need for responsible usage….
As identity threats escalate, organizations are facing challenges in adopting next-generation identity management solutions. Innovations such as passwordless authentication, TECH5’s Biometric Derived Keys, OwnID’s AI-native identity support, and Quantinuum’s Quantum Origin are shaping the future of identity management to enhance security against advanced threats. Identity threats pose a significant and dynamic challenge to cybersecurity professionals,…
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…
