Precise Biometrics divests mobile smartcard business to IDENTOS

Precise Biometrics has concluded an agreement with IDENTOS regarding the takeover of the company’s mobile smartcard solutions business area, which includes the business operation involving smartcard readers under the Tactivo brand. As a result, Precise Biometrics will further increase its focus on the fingerprint technology business area and free up resources for the development and sales of fingerprint technology. IDENTOS will take over all operations within the business area as of January 1, 2018, which includes the development of new

Strategic partnership will bring enhanced biometrics and mobility to federal government

DMI and NEC Corporation of America have announced a strategic partnership to couple NEC’s biometric and advanced recognition technology with DMI’s mobile technologies and platforms to address public safety, national security and federal civilian technology priorities within the U.S. government. According to a company statement, combining NEC core identity management technologies with DMI’s mobile platforms will provide the government: real-time, secure, mobile access to fingerprint, iris and facial recognition technologies for first responders, law enforcement and military teams who are

Neurotechnology makes a number of updates to the MegaMatcher product line

Neurotechnology has announced the availability of MegaMatcher 10, the latest update to the MegaMatcher multi-biometric product line. MegaMatcher 10 provides a number of significant updates across the MegaMatcher line, which includes: MegaMatcher SDK, a multi-biometric SDK for large scale systems; MegaMatcher Accelerator biometric matching engine, and; the MegaMatcher ABIS turnkey solution. Each biometric modality can be used alone or in any combination to provide to meet the needs of small and large-scale biometric identification projects. “This version provides increased accuracy

Tascent wins award for its InSight One iris and face recognition system

Tascent has won the 2017 Good Design Australia award for its InSight One iris and face recognition system. A jury of more than 35 Australian and international design experts selected Tascent InSight One to win a Good Design Award in the category of Product Design, Commercial and Industrial. According to a company statement, InSight One is an iris and face recognition system designed for enrollment, identification and authentication of people in high-throughput environments. The product features a combination of human-centric

SmartCard Marketing Systems, CardLogix to develop closed-loop payment solutions

SmartCard Marketing Systems, Inc. and CardLogix Corporation have partnered to deliver seamless payment solutions that connect SmartCard Marketing Systems’ payment architecture to CardLogix’ smart card platforms. Through the collaboration, the companies will provide a sandbox solution as well as custom-built solutions that optimize speed, mobility, and security for medium-sized enterprises, governments, and resort and casinos. The system will map ID filters and parameters of the unique user for sending payments securely over a cloud-hosted, closed-loop payment system. “We are excited

STC Group contributes to university biometric and forensic laboratory

STC Group, in collaboration with the American University of Science & Technology (AUST) and SITE Technology have opened a biometric and forensic laboratory for 40 workplaces in Lebanon. The grand opening of the STC laboratory and introduction of the education program for students with a degree in forensics took place on June 2. Representatives from the University and Site Technology, counselors of the Russian Embassy and experts from STC came together for a roundtable discussion concerning current market conditions, the

Fujitsu to resell ImageWare biometric security solutions

Fujitsu is expanding its advanced biometric security solutions portfolio through a newly-signed agreement in which it will resell ImageWare Systems’ key security solutions including enterprise mobile biometric user authentication as a service. Under the agreement, Fujitsu not only extends its biometric identity and access management solutions to mobile devices but also to additional authentication methods including fingerprint, face, and voice recognition. As a result, Fujitsu customers will now be able to deploy biometric authentication as a service running on the

Biometric ID firm AimBrain has closed its $5.1m financing round

London-based biometric identification startup AimBrain has closed its £4 million (US$5.1 million) Series A round, according to a report by B Daily. Founded in 2015 by Andrius Sutas and Alesis Novak, AimBrain’s latest round of funding has been led by BGF Ventures alongside Episode1, Entrepreneur First and angels including Simon Rozas, Chris Mairs and Charles Songhurst. The company will use the funds to grow out its ‘biometrics as a service’ offering, which is primarily targeted at financial services businesses and

This week in biometrics industry stocks

As the biometrics industry continues to grow and expand Biometric Update is bringing a new focus to some of the stock stories in the sector. Check in with this space each week for a rundown of some of the financial news emerging out of the group of biometrics industry stocks we like to follow. -Well-known financial news site theStreet.com mentioned the firm, Next Biometrics in a story that looked at stocks that jump in “value on news of terrorist attacks.”

BioCatch named a 2017 Red Herring Top 100 company

BioCatch has been named a Red Herring Top 100 company in both Europe and North America. The Red Herring Top 100 award highlight the most exciting startups from Asia, Europe and the Americas and are widely recognized as one of the industry’s more prestigious recognitions, with hundreds of candidates from each continent competing for a Top 100. Nominees are evaluated on 20 main quantitative and qualitative criterion, which include disruptive impact, market footprint, proof of concept, financial performance, technology innovation,