A pair of biometric deployments, one by ImageWare for a law enforcement client and the other by Mastercard for a payment card with Thales technology and Fingerprint Cards are among the top articles of the week on Biometric update. Market momentum is also reflected in a fundraising valued at over $ 1 billion for Incode, and a pair of significant acquisitions – 4Stop by Jumio and Evernym by Avast.
Top biometric news of the week
The long-awaited breakthrough in biometric payment cards will occur in the new year, according to forecasts from the Smart Payment Association, as pilots move to commercial deployments and the technology is standardized. Research produced by Fingerprint Cards shows that a solid majority of card users are ready to switch now, with a large minority motivated enough to pay extra.
Foreshadowing the change, a Mastercard agreement to provide credit cards with fingerprint biometrics from Thales and FPC has reached the commercial availability phase. Jordan Kuwait Bank releases the first biometric World Elite Mastercard to be available in the Middle East, and one of the world’s first biometric payment cards to go into production.
The World Bank, the United Nations and the Unique Identification Authority of India have reached an agreement to work on the export of the digital identification infrastructure that underpins the Aadhaar system to other countries. Aadhaar is also continuing its expansion in India, with the CEO of UIDAI revealing that he is setting up an advisory board to bring digital ID to different sectors.
The World Bank was also represented in the latest ID4Africa livecast, part 2 of a trilogy on the ‘dark side’ of digital identity, which explored the risks and challenges of data. Internet users’ digital exhaustion, digital ID systems with single points of failure and self-serving expediency on the part of governments could cause dramatic damage, speakers warn.
Incode raised $ 220 million for a valuation of $ 1.25 billion, which represents the second funding round in nine months and a ten-fold valuation last year for the company. CEO Ricardo Amper tells Biometric update In an interview, Incode will bring its facial biometric authentication and passive life detection to the healthcare market as identity verification and digital interactions are revolutionized.
Jumio acquired 4Stop, already a strategic partner, to add the fraud prevention and orchestration provider’s data marketplace to its growing KYX platform. The agreement continues Jumio’s transition from vendor IDV to the end-to-end digital identity orchestration platform.
Evernym was acquired by Avast, giving the latter a wealth of advanced technologies and IPs for user-controlled digital identification, and the first access to a large customer base of consumers. The figures were not disclosed in either of the two agreements.
ImageWare CEO Kristin Taylor and SVP of Product and Sales Management AJ Naddell explain to Biometric update in an interview why their company’s law enforcement biometrics with King County, Washington is the first of its kind for the company, but also a sign of the company’s new direction.
An Apple patent application for providing digital identification information from one device to another has been published, possibly including mobile driver’s licenses (mDL) or electronic tickets. The provisioning system would not store the credentials itself, but would support end-to-end encryption among privacy and security protections.
Clearview AI has been informed that its patent filing to provide information about a person with facial recognition based on publicly available Internet data will be granted by the USPTO. The CEO of the company said it was the first such patent to cover large-scale internet data use.
SecuGen Vice President of Sales Jeff Brown discusses the evolution of the contactless fingerprint biometrics market in an email interview for a sponsored article. The market has so far experienced a gap, he says, for one-finger scanners.
Deloitte Global’s forecast for 2022 calls for close scrutiny of facial recognition and other AI systems aimed at the public, with a chance for increased regulation. The TMT predictions also include measures to suppress algorithmic bias and suggest that one of the four outcomes is likely for the regulation of facial recognition.
The surveillance measures that seemed necessary to fight global public health could endure long after the risks diminish, and smart cities could be the place to find them, writes the Los Angeles Times. The article centers on a smart city trial in South Korea and notes that the country’s extensive contact tracing system shut down just before the development of new facial recognition technology, but the fears and benefits proposed confidentiality are expressed both in rhetoric and hyperbole.
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