NXP enhances fingerprint reader security with Precise Biometrics’ software

Precise Biometrics and NXP Semiconductors have signed a framework agreement covering Precise Biometrics fingerprint software. NXP will enhance its fingerprint reader security by integrating Precise Biometrics’ BioMatch fingerprint recognition software. The first business agreement under the framework agreement covers licensing of fingerprint software for embedding into NXP´s fingerprint reader products. The business agreement includes a per unit license fee, a fee for support and maintenance and a fee for non-recurring engineering efforts. Initial revenues generated under the agreement will be

NXT-ID, Fit Pay, Inc. enter letter of intent to combine businesses

NXT-ID, Inc. and Fit Pay, Inc. have entered into letter of intent to combine their businesses in a deal that includes stock and cash consideration. The press release specifies that NXT-ID will not be raising additional capital to complete this transaction. “This potential transaction with Fit Pay would not only add a critical component to our payment and authentication products, but also a platform which will enable a whole new suite of offerings including payments, credential management, and secure authentication

Callsign integrates IDA technology with ForgeRock identity platform

Callsign Inc. has integrated its Intelligence Driven Authentication (IDA) technology with the ForgeRock identity platform, which will enable the enterprises to deliver authentication capabilities to devices and individuals in new ways. The combined authentication and identity management solution will benefit enterprises in banking, retail, media, utilities, Internet of Things (IoT) and healthcare. The initial integration is available across ForgeRock Identity Platform’s access management and identity management modules, enabling strong, contextual authentication for individuals and devices. “Our Intelligence Driven Authentication technology

NEXT Biometrics’ new ASIC to reduce company production costs

NEXT Biometrics has completed testing of its new ASIC, the A2, a custom built chip that will reduce company production costs by more than $2.50 per module. According to a company statement, the new ASIC architecture will be implemented in the smartcard, notebook and access control markets. “With enhanced performance, reduced size and cost reductions, this new ASIC represents a major milestone for NEXT Biometrics,” commented recently appointed CEO Ritu Favre. “It is designed to serve all our targeted markets

IRIS to undergo corporate restructuring plan to deliver sales growth for shareholders

IRIS Corporation Berhad has formed a corporate restructuring plan (CRP) aimed at delivering deliver sustainable, profitable sales growth and long-term value creation for shareholders. The CRP was discussed with Felda Investment Corporation (FIC), which has a 21.33 percent share in IRIS, and the Felda Board at the request of its chairman, Tan Sri Shahrir Abdul Samad. The plan was positively received and endorsed by both FIC and Felda Board. There are three key priorities detailed in the plan, starting with

Neurotechnology releases new SentiVeillance SDK

Neurotechnology has released SentiVeillance 6.0 software development kit (SDK), which provides improved facial recognition using up to 10 surveillance, security and public safety cameras on a single computer, making it suitable for a wide range of surveillance applications. According to a company statement, the new version uses deep neural-network-based facial detection and recognition algorithms to improve accuracy, and it utilizes a Graphing Processing Unit (GPU) for enhanced speed. In addition, users can more quickly and easily adjust the tradeoff between

FPC expects short-term challenges to continue

Fingerprint Cards (FPC) revealed that it expects an even weaker Q1 as well as its short-term challenges to prevail in Q2, which means the company cannot confirm its communicated guidance for revenues and profitability for 2017. The previously communicated guidance for 2017 revenues was estimated to amount to SEK 7,500 – 9,500 million (US$8.54 million – US$1.08 billion) while the 2017 operating margin was expected to surpass 35 percent. As a consequence of the current short term uncertainty, the Company

DERMALOG demonstrates biometric solutions for German Chancellor, Japan PM

German biometrics firm DERMALOG demonstrated its fingerprint, face and iris recognition solutions as well as its multi-biometrics system for German Chancellor Dr. Angela Merkel and Japanese Prime Minister Shinzo Abe at last week’s CeBIT 2017. Since this year’s CeBIT partner country was Japan, Prime Minister Shinzo Abe accompanied Chancellor Merkel to the demonstration, where DERMALOG founder and CEO Günther Mull presented the latest fingerprint scanners and “liveness detection” technology to the state guests. The visitors were also able to see

Crossmatch names former RSA executive as Authentication Market Director

Crossmatch announced that identity industry veteran Jeff Carpenter has joined the company’s marketing team as Market Director, Authentication. Carpenter will be responsible for driving growth of the DigitalPersona Composite Authentication line of business. In this role, he will manage product marketing strategies and development requirements that support new market penetration. “Jeff brings a wealth of experience and security industry knowledge to Crossmatch,” said John Hinmon, vice president of global marketing at Crossmatch. “He will be pivotal in accelerating our continued

DERMALOG to demonstrate multi-biometric solutions at CeBIT

German biometrics firm DERMALOG will demonstrate the many application uses and combinations of its line of biometric solutions at CeBIT 2017, to be held later this month in Hanover, Germany. The company reports that it’s scientists are continuously developing biometric identification systems such as fingerprint recognition, face recognition and iris recognition, in an effort to combat identity fraud. By optimizing the accuracy and speed of these algorithms, DERMALOG’s biometric solutions are able to identify individuals in large-scale databases. “Our multimodal