HID Global launches multi-factor authentication solution

HID Global launched the HID Approve app, the company’s next generation multi-factor authentication solution, this past week at GITEX 2017 in Dubai. The app adds a new level of trust for consumers and employees to securely transact online via their mobile devices. HID Global also demonstrate HID Location services, its predictive analytics for workplace optimization for the first time in the Middle East. “Trusted identities are increasingly being employed to help organizations secure, customize and enhance the user experience across a

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Stock markets continue to trade at record highs. Financial analysts point out that broad market indexes have not suffered a decline of more than 3% since November of last year. The last time there was

Biometrics Institute and IOM collaborate to promote responsible use of biometrics

The Biometrics Institute and IOM, the UN Migration Agency, have signed a Memorandum of Understanding (MoU) that formalized closer collaboration on shared priorities, including promoting the responsible use of biometrics in a broad range of areas. The MoU outlines the scope of the intended cooperation and priority areas of interest. The MoU will aid the two institutions’ efforts to respond in a coordinated way to new and emerging challenges such as security requirements, accessibility to safe transport modes for migrants

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. On Tuesday Google held a showcase to introduce its latest hardware. The company hopes to create a space for its products in the burgeoning ‘home IoT’ sector. Among the devices is a tiny camera, the

NovaTeqni reviewing adoption of blockchain technologies, gives corporate update

NovaTeqni Corporation announced it has been reviewing blockchain technologies that would contribute to the company’s existing business verticals. The markets for blockchain can fall anywhere from biometrics-based payments and secure money transfer to voter registration, voting and voter verification, along with being used in pre-payments for utilities and services. In August, NovaTeqni entered a manufacturing, development and sales agreement with Mobizent LLC for the manufacturing and sale of the new MobiCHKII mobile biometrics handheld device. In a corporate update to

Novetta closes Q3 2017 with $284M in contract wins

Novetta closed the third quarter with $284 million in contract awards, a 77 percent increase year over year. These recent contract awards further establishes Novetta’s leadership role in machine learning, computer vision, advanced data exploitation and cyber security research for the defense and intelligence communities. “Implementing a proven business development model, most effectively promotes our ongoing investments in innovative technology,” said Brian W. Hobbs, senior vice president of business development and strategy at Novetta. “We are now positioned to successfully

Fujitsu releases F-Pro Suite of products based on PalmSecure

Fujitsu Frontech North America Inc. released the F-Pro Suite, a line of products that includes the new PalmSecure-based F-Pro biometric sensor which is now 50 percent smaller than Fujitsu’s earlier palm vein sensors. The F-Pro suite of products also comprises of the F-Pro Standard with integrated hand guide, and the F-Pro Mouse for general user authentication applications such as enterprise wide access control and single sign-on applications. In addition, the F-Pro suite offers improved environmental tolerance, supporting a wider range

HYPR closes $8 million funding round

HYPR Corp. has closed an $8 million Series A round of funding led by RRE Ventures with existing investors RTP Ventures, Boldstart Ventures, and Mesh Ventures also participating. The Series A round brings total funding to date to $12.8 million and enables HYPR to accelerate deployment of its next-gen security solutions. As part of this funding, industry veteran James Robinson IV of RRE Ventures will join HYPR’s board of directors. HYPR’s decentralized authentication greatly reduces the risk for enterprises of

Gemalto CFO stepping down

Gemalto announced that Chief Financial Officer Jacques Tierny is leaving the company to pursue other activities. “Jacques has been a key contributor to Gemalto over the last 10 years, overseeing the development and the diversification of the company,” commented CEO Philippe Vallee. “His remarkable expertise in finance, his professionalism as well as his team spirit were instrumental during all these years of intense activity.” Virginie Duperat-Vergne will undergo an induction program and transition period with Tierny before joining the company

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. -U.S. stock market indexes sold off earlier this week. The declines were led by fairly sharp plunge in technology shares. One of those tech companies selling off was Apple. It seems investors were spooked by