Global biometrics market to exceed $10B by 2021: ABI Research

ABI Research has published its “Hot Tech Innovators: Biometrics” report, which forecasts that the biometrics market will exceed $10 billion by 2021. In the report, ABI Research identifies four technologies that innovative and agile startups must incorporate into their solutions to secure significant share in the changing competitive landscape including multifactor authentication (MFA), point-of-sale (PoS), mobile payments, and passive authentication. “Companies can no longer afford to cut corners when it comes to security,” said Dimitrios Pavlakis, industry analyst at ABI

IDEX ASA issues Q4 2016 and year-end 2016 financial results

IDEX has issued its Q4 2016 and year-end 2016 financial results, which recorded revenues of NOK 38.6 million (US$4.6 million) in 2016 compared to NOK 0.3 million (US$36,000) in 2015. In Q4 2016, the revenues amounted to NOK 12.5 million (US$1.5 million), which represents a significant increase over the NOK 0.2 million (US$24,000) in recorded revenues for Q4 2015. IDEX said its ongoing biometric smartcard program with strategic eco-system partners is making considerable progress. The company’s global payments partner completed

ImageWare and SAP showcasing integrated solution at MWC

ImageWare Systems and SAP will showcase the GoVerifyID integration with the SAP HANA Cloud Platform and Fiori UX at Mobile World Congress later this month. GoVerifyID, SAP HANA Cloud Platform and SAP Cloud Identity Service together enable single sign-on multi-modal biometric user authentication for all SAP HANA Cloud Platform applications. GoVerifyID, combined with SAP Fiori, provides a secure, personalized user experience. “Simplifying the user experience while simultaneously enhancing security is the core value we offer,” commented Jim Miller, president and

IriTech, Egistec sign co-promotion deal to target mobile device and VR/AR manufacturers

IriTech, Inc. has entered a co-promotion agreement with fingerprint sensor developer Egis Technology Inc., which is expected to create more opportunities for the two companies in the consumer technology space while focusing on the mobile industry. With an extensive background in iris recognition technologies, IriTech provides several innovative approaches aimed at emerging industries such as augmented reality (AR), virtual reality (VR) and automotive. The company has made significant investments in research and development to solve various challenges faced by iris

Fingerprint Cards CFO leaving for eye-tracking firm Tobii

Fingerprint Cards (FPC) announced today that its Chief Financial Officer (CFO) Johan Wilsby will leave the company no later than July 2017. Wilsby, who has been CFO at FPC since 2015, is leaving the company on his own initiative for eye-tracking firm Tobii where he will succeed Esben Olesen as CFO, according to a Reuters report. “Fingerprint Cards is a dynamic and rapidly growing company where Johan is a business-driven and highly appreciated co-worker,” says Christian Fredrikson, CEO of Fingerprint

Grand View Research publishes report on global biometrics technology market

Grand View Research has published a research report focused on the global biometrics technology market, which forecasts that growing concerns over internal and external securities are expected to drive the global biometrics technologies market over the forecast period for 2014 to 2025. The 100-page report states that the increasing use of biometric technologies in government and private sectors for employee identification and attendance will further drive the demand over the next nine years. The high cost of biometrics is one

FIDO Alliance showcases ecosystem of FIDO certified products

The new FIDO Certified showcase provides deploying organizations with a one-stop shop to learn about the companies and products that can bring FIDO Authentication to their users. The Certified showcase also gives a more in-depth view of the FIDO ecosystem, including the companies participating in the FIDO Certified Showcase launch including: Bluink, Century Longmai, Daon, Feitian, Hypersecu Information Systems, i-Sprint Innovation, International Systems Research (ISR), Nok Nok Labs, Raonsecure, Samsung SDS, Sensory, SSenStone, StrongAuth, Inc., SurePassID, Synaptics, Synochip, TRUXTUN Capital,

IDEX enters into distribution agreement with Comtech

Fingerprint solutions developer IDEX has entered into a distribution agreement with Comtech, one of the largest providers of electronic components and solutions in China. This agreement will see Comtech, which has placed its first orders for IDEX fingerprint sensors, serve as an additional distribution channel for IDEX in China. “The Chinese market for fingerprint sensors is large and growing,” explained Dr. Hemant Mardia, IDEX CEO. “This partnership ensures that we have sufficient presence and logistical capacity in this important market,

Precise Biometrics issues year-end report, says sales to FPC will stop in 2017

Precise Biometrics issued its year-end report for 2016, which saw the company’s consolidated net sales total SEK 97.2 million (US$10.9 million) compared to SEK 56.3 million.(US$6.3 million) reported for the year-end 2015. In addition, the company’s EBITDA improved over the previous year-end to SEK 24.8 million (US$2.8 million) while its profit after tax totaled SEK 31.2 million (US$3.5 million). At the end of the full-year period, Precise’s cash flow from operations for 2016 totaled SEK 37.7 million (US$4.2 million) while

Intel Security cloud report recommends firms to use multi-factor authentication, biometrics

Intel Security has published its second annual cloud security report, “Building Trust in a Cloudy Sky”, which recommends that organizations use authentication best practices, such as distinct passwords, MFA and biometrics. Based on the survey results of more than 2,000 IT professionals, the report details the current state of cloud adoption, the main concerns with private and public cloud services, security implications, and the evolving impact of Shadow IT. The report states that hackers are seeking the easiest targets, and