Mobile biometrics market to exceed $50.6B in revenue in 2022

Acuity Market Intelligence released a new research report which forecasts annual revenue from the mobile biometrics market will grow at nearly 41 percent CAGR from $6.5 billion in 2016 to $50.6 billion in 2022. The market — which is comprised of biometrics embedded in mobile devices, biometric app downloads, and biometric transactions authentication — will amount to revenues exceeding $193 billion for the total forecast period. “The potential for consumer use of mobile biometrics dwarfs any previous application of biometrics,”

Jenetric introducing Livetouch Quattro Mobile at FedID 2017

Jenetric will be introducing its Livetouch Quattro Mobile handheld scanner at this week’s Federal Identity & Homeland Security exhibition in Washington, DC. The compact, lightweight device supports Windows and Android, is resistent to scratches, bright sun light, water and dust and enables the capture of tenprints and the scanning of documents and e-signatures. Four fingers can be scanned simultaneously and without a wired connection to a computer. The battery-powered device communicates wirelessly with any tablets or laptops and is ideal

FaceTec launches 3D facial recognition software for mobile apps

Facial recognition technology developer FaceTec has released ZoOm, a universal 3D facial authentication software solution. ZoOm is able to verify identity, three-dimensionality and liveness using only a front-facing camera when it is added to any mobile app on any iOS or Android device. The solution allows mobile app publishers to significantly improve security, while users experience the convenience of password-free authentication. ZoOm uses proprietary patent-pending TrueLiveness technology and measures the change in perspective distortion from up to 30 selfie video

NovaTeqni, Mobizent to develop custom biometrics device for U.S. federal sector

NovaTeqni Corporation has entered into a manufacturing, development and sales agreement with Mobizent LLC for the manufacturing and sale of the new MobiCHKII mobile biometrics handheld device intended for the United States’ federal sector. Additionally, NovaTeqni will also develop and provide the MobiCONNECT device for Mobizent. The biometrics enabled handheld devices — which enables on the spot identification using fingerprints or smartcards — have applications within the law enforcement, public safety, border patrol, corporate security operations, event security, refugee control

Credence ID acknowledged with new product innovation award

Frost & Sullivan have recognized Credence ID with its 2017 Global New Product Innovation Award for CredenceTAB, a 10-inch tablet that combines an eDocument reader, high-resolution camera, fingerprint scanner, machine readable zone (MRZ), and a smartcard reader in a single handheld device. CredenceTAB is a full-featured 10-inch mobile biometric and credential reading tablet, that enables rapid registration, verification and authentication of user identities from any location. It combines enrolment-capable biometrics with a complete e-document reading suite for electronic ID verification.

BioRugged partners with Axon for major KYC projects in Africa

BioRugged recently outfitted West Africa’s telecommunications company MTN with more than 9,000 client enrollment and verification devices for know your customer (KYC) applications. BioRugged has a longstanding relationship with MTN, having supplied over 25,000 units to the company before the most recent agreements. MTN Cote d’Ivoire, MTN Nigeria, and MTN Liberia are the primary MTN markets purchasing BioRugged devices this year, with Globacom/Airtel Nigeria and Ethiopia Telecom being other important clients in Africa. In addition to KYC applications, the devices

Entrust Datacard launches mobile cloud authentication solution

Entrust Datacard has launched IntelliTrust authentication service, its new authentication cloud service with Mobile Smart Credential technology. The advanced adaptive authentication solution uses the cloud’s low touch deployment components with new levels of intelligent identity capabilities to deliver a more simplified and effective user experience with stronger security. IntelliTrust authentication service enables organizations to quickly secure access to cloud, mobile and legacy applications using a unified authentication platform that delivers transparent security and broad use case enablement across the organization.

Mastercard and Oxford University unveil framework for mobile biometric banking

Despite a strong consensus among consumers and banks that biometrics should replace passwords for access to financial accounts, knowledge gaps are slowing the transition, according to the report “Mobile Biometrics in Financial Services: A Five Factor Framework,” released Tuesday by researchers from Oxford University and Mastercard. Since 93 percent of consumers prefer biometrics to passwords, according to researchers, and 92 percent of banks want to adopt biometric technology, its adoption should be advancing rapidly. Only 13 percent have deployed biometrics,

Korea Internet & Security Agency developing biometric authentication for mobile banking

South Korean government-run Korea Internet & Security Agency is developing biometric authentication for mobile banking with plans to commercialize the technology by late 2018, according to a report by The Korean Herald. “We are developing an algorithm for authenticating mobile banking with a combination of a fingerprint, heart rate and (an) electrocardiogram,” said Jason Kim, chief of KISA’s security technology dissemination team. “The technology is expected to be much safer than existing biometrics including iris sensors, fingerprint scanners and facial

Digital payments will boost demand for mobile biometric security

Transparency Market Research has published a new research report that shows that the global mobile biometric security and services market has made consistent progress in the last few years due to the increasing demand for smartphones and the rising acknowledgment of the benefits presented by biometric technology. “Mobile Biometric Security and Services Market: Professional Market Research Report and Forecasts, 2017 – 2025” finds that the main driver for the demand from the mobile biometric security and services market is the