Using biometrics to marry trust and convenience in the banking world

This is a guest post by Howard Berg, Senior Vice President Gemalto, MD of Gemalto UK Ltd Last month, a new survey of UK consumers found a growing appetite for the use of biometric methods to access and authenticate online banking services. In particular, it found that consumers would prefer to use fingerprint recognition than the traditional methods of passwords or memorable questions, which have been undermined by ongoing data breaches and hacking scandals. The news is unsurprising given the

Goode Intelligence forecasts mobile & wearable biometrics to surpass $6.2B by 2022

Goode Intelligence published a new analyst report forecasting that revenues for mobile & wearable biometric authentication will surpass $6.2 billion in revenues by 2022. In “Mobile & Wearable Biometric Authentication Market Analysis and Forecasts 2017-2022 (third edition)”, Goode Intelligence also predicts that by 2022 over 3.3 billion users will be benefiting from biometric authentication. Over the six years since Goode Intelligence has covered the market, it has grown significantly year-on-year with mobile biometric authentication becoming a regular security feature in

Biometric sensor shipments to see 30% CAGR from 2017-2020: report

Digitimes Research has published a new research report that reveals that fingerprint recognition sensors accounted for 96 percent of all biometric sensor product shipments in 2016. The report forecasts that as more new sensor technologies begin entering the market, biometric sensor product shipments are expected to achieve a CAGR of 31.2 percent from 2017-2020. Biometric sensor technologies are mainly grouped into two major categories: the static type (fingerprint, iris, face, palm vein recognition) and the dynamic type (voiceprint, heartbeat and

Pindrop Labs finds 113% rise in fraudulent calls at call centers in past year

Pindrop released its seventh annual Call Center Fraud Report, which found a 113 percent increase in the fraud rate in 2016, year-over-year. The report found that fraud rates in 2016 were 1 in 937 calls compared to 1 in 2,000 calls in 2015. Pindrop’s researchers analyzed more than half a billion calls protected by the company’s Phoneprinting technology to identify three key weaknesses in the call center that have contributed to the rise in fraudulent activity. One of the most

Visa testing behavioral biometrics for use in future social payments

Visa is testing and refining a range of behavioral biometric technologies including voice recognition and ambient authentication, in preparation for the next generation of social payments, according to a report by International Business Times. The credit card giant is looking to work with social payment platforms to create secure transactions that don’t require the level of intervention by the payer that they perhaps do today. “If your screen is always on and you are looking at it while you are

ID4Africa 2017 launches with survey of stakeholder perspectives and impassioned dialogue

ID4Africa 2017 kicked launched in Windhoek, Namibia on Wednesday with the opening of the conference’s exhibit hall and a series of plenary sessions including addresses from Namibian Vice-President the Honorable Dr. Nickey Iyambo, who spoke about the importance of UN Sustainable Development Goal 16:9, which targets universal legal identification by 2030. “My question to my colleagues is: are we going to make that deadline? Quite,” Vice-President Iyambo stated. Vice-President Iyambo told the packed auditorium and numerous representatives of local media

ID4Africa movement grows 68 percent from 2016 to 2017

The number of attendees at ID4Africa’ annual forum has grown by 68 percent CAGR from 2016 to 2017, with growth among all three stakeholder groups, ID4Africa Executive Director Dr. Joseph Atick says. Dr. Atick revealed the growth of the movement and its annual event in remarks during the opening of ID4Africa 2017 in Windhoek, Namibia on Wednesday. “I think there is no better testament to the importance of this gathering, or the viability of this movement, than you being here

Securing Federal Identity 2017 to be held in Washington, D.C. this June

The Secure Technology Alliance revealed that its government-focused event addressing developments and innovations in federal identity credentialing and access security will return to Washington, D.C. for its 15th year this June. Securing Federal Identity 2017 will take place on June 6, 2017 at the Hamilton Crowne Plaza Hotel in Washington, D.C. “For the last 15 years, this government-focused event has brought together thought leaders and executives across security, government and technology backgrounds, providing a unique opportunity for cross-industry discussion of

Jumio sets record Q1 2017 financial results with 47 percent growth

Jumio has issued its financial results for Q1 2017, which showed 47 percent growth in annual recurring revenue (ARR) year-over-year. The company attributes the net new growth to a surge of enterprise accounts, setting records for the most enterprise accounts in a given quarter and in daily transaction volume. Meanwhile, Jumio’s customer base continues to expand as a result of its comprehensive identity verification solutions, which include Netverify Trusted Identity as a Service, ID verification, identity verification and document verification.

BIO-key showcasing biometric software and hardware solutions at connect:ID

BIO-key International will be showcasing biometric software and hardware solutions at next week’s connect:ID conference in Washington, D.C. The company announced it will demonstrate its one-to-many (1:N) fast and secure authentication solutions, including: WEB-key 4.0, a biometric cloud authentication solution supporting fingerprint, passwords, proximity cards, PINs and one-time passwords; ID Director for Windows, a biometric based authentication platform for managing Microsoft’s networking protocol Active Directory in the Windows environment, and; BIO-key’s line of compact fingerprint readers for Windows. BIO-key will