February 15, 2017 -
Precise Biometrics is integrating liveness detection capabilities into its fingerprint software.
The announcement comes a week after the company finalized its acquisition of liveness detection software developer NexID Biometrics for 32 million SEK (US$3.49 million).
As a result of the acquisition, Precise is integrating NexID Biometrics’ algorithm solution which can detect a fake fingerprint with 94 to 98 percent accuracy.
By analyzing several image differences between a live fingerprint and a spoof, the updated software will help mitigate spoof-related risks and significantly reduce the risk for fraud.
“Fraud-mitigation through liveness detection is crucial for both consumers and providers of financial services in order to perform secure mobile payments,” said Håkan Persson, CEO of Precise Biometrics. “Users might even accept slightly more latency in exchange for a higher level of security when using their fingerprint to access a payment application in the smartphone.”
“Combining and integrating a patented anti-spoofing capability into Precise Biometrics fingerprint matching software, will result in an effective solution for fraud-mitigation while maintaining high biometric performance. By adding anti-spoof functionality to our offering we are providing enhanced security that meets customer demand, addresses future security requirements and emerging standards for biometric authentication.”
NexID Biometrics, which has significant experience in processing and analyzing fingerprint images, will play a key role in Precise Biometrics research and development.
The company’s liveness detection software is based on over 10 years of research by world leading scientists on biometric spoof mitigation and liveness detection.
Precise Biometrics has exclusive rights to NexID Biometrics’ portfolio of 11 proprietary and university-licensed patents awarded or under review.