China tech firms bypassing privacy concerns to apply facial recognition

China’s technology firms are rushing to apply the commercial use of facial recognition technology, bypassing the same privacy concerns that have slowed the roll out of the technology in Western markets, according to a report by The Financial Times. People in China are arguably less concerned about privacy rights violation than in Western countries as they are accustomed to having their faces scanned to conduct daily tasks, such as making payments to access residential blocks, student dormitories and hotels. In

Former chairman of UIDAI honored for economic and business innovation

The man behind the creation of India’s biometric national ID system has been awarded one of this year’s Nikkei Asia Prizes. Nandan Nilekani of India, former chairman of the Unique Identification Authority of India, was selected the winner for economic and business innovation. Nilekani led the creation of Aadhaar, the world’s largest biometric national ID system. Aadhaar is the 12-digit unique identification number issued by the Indian government to every individual resident of India. The Aadhaar project aims to provide

Citigroup’s voice authentication option reaches one million customers in Asia

Citigroup, which rolled out voice recognition technology to its consumer banking customers in Asia Pacific last May, has enrolled one million customers for its new voice authentication option, according to a report by Finews.Asia. The bank was the first financial services company to deploy voice biometrics authentication across Asia Pacific, having implemented the technology in Taiwan, Australia, Singapore, Hong Kong, Philippines, Malaysia, Vietnam, Thailand and India. Citi clients who call into the call centers have their identity automatically verified within

National e-payment plan driving biometrics growth in Thailand

Efforts by the government of Thailand are contributing to growth and optimism at companies providing biometric identity systems in the country. The Thai government announced the roll-out of a national e-payment system last year, and the Bank of Thailand seperately notified financial institutions of the need to update customer’s password verification protocols due to fraud. Now, Singapore-based identity management firm i-Sprint Innovations has selected DataOne Asia Thailand as its local authorized distributor, the Bangkok Post reports. “Apart from Singapore, Thailand

Insurance IoT Asia Summit 2017

Insurance IoT Asia Summit 2017 August 1-4, 2017 Singapore The Internet of Things (IoT) offers truly disruptive and transformative potential to the insurance industry. IoT will reach US $1.3 trillion in spending by 2019 with Asia Pacific expected to be the biggest market and insurance sector being 1 of the main sectors for growth. Asia Pacific big spending on IoT is driven by countries continuing technology investment needs, consumers becoming more and more technology-sophisticated and spending greater on IoT goods

IoT Asia 2017

IoT Asia 2017 29-30 March 2017 Singapore EXPO, Singapore #iotasia As the first dedicated platform in Asia to address the enormous potential of the IoT revolution, the first edition of IoT Asia in 2014 was ahead of its competition. It was seen as a transformational platform for addressing challenges and identifying real opportunities within the IoT landscape. Fast forward to 2017, IoT Asia continues to provide insights for 4,500 attendees across the entire IoT value chain, addressing the interests of

Standard Chartered Bank deployment of biometric technology expected to reach 5 million clients

Standard Chartered Bank will be deploying fingerprint and voice biometrics technology across Asia, Africa and the Middle East, according to a report in FinTech Innovation. The roll-out is expected to reach 5 million clients in 15 markets across Asia, Africa and the Middle East enabling them to access the bank’s mobile banking services on both iOS and Android devices with fingerprint sensors rather than an ID and password. Clients will be access their bank account balances, cards and investments using

Fingerprint sensor firm Egistec enjoying strong orders

Egis Technology (Egistec) chairman and CEO Steve Ro says the company expects to enjoy strong fingerprint sensor orders through the end of 2016 and is looking to break into the supply chain of China’s brand handset vendors in the fourth quarter. According to a report by Digitimes, Egistec reported net losses of US$2.72 million on consolidated revenues of US$16.5 million for 2015. The company decided not to distribute any dividend for 2015. Ro said that Egistec is set to post

Citigroup rolling out voice recognition for retail customers in Asia

According to a report by Bloomberg, Citigroup Inc will be the first major bank in Asia to bring voice recognition technology to its retail customers and plans to have at least one million clients in Asia using the technology within the next 12 months Citigroup will roll out the voice recognition technology in Singapore first, followed by Australia, Hong Kong, India and Taiwan over the next few months. Anand Selvakesari, Citigroup’s Singapore-based consumer banking head for Asia Pacific, said that

Asia Pacific among the fastest growing markets for FIDO authentication

The FIDO Alliance announced today that more than 150 products are now FIDO Certified, up 50 percent in just one quarter. “Fifty percent growth in certified products in just three months is further evidence that the FIDO specifications are increasingly accepted as the new standard for strong authentication technology,” said Brett McDowell, executive director of the FIDO Alliance. “You can see from the companies listed in today’s announcement that the Asia Pacific region is one of the fastest growing markets