Aware’s Knomi framework offers flexible, multimodal approach to mobile biometric authentication

When Aware launched its Knomi framework in October, it marked the arrival of a new approach to using biometrics to realize the convenience and security of password-free mobile authentication. With support for several modalities and device- or server-centric implementations, the Knomi mobile biometric authentication framework appears unmatched in its flexibility. Knomi leverages Aware’s many years of experience enabling large-scale systems with biometric capture and matching algorithms. The framework of biometric algorithms is provided as SDKs and APIs designed for integration

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. Markets continue to trade near record highs. Why this continues to be the case was the subject of an interesting letter released this past week by controversial, high-profile New York-based hedge fund manager David Einhorn,

Aware reports $5.9 M revenue in Q3 2017

Aware, Inc. reported financial results for Q3 2017, in which the company earned revenue of $5.9 million — the exact same revenue it reported for Q3 2016. Meanwhile, operating income in Q3 2017 was $1.7 million compared to $2.3 million in Q3 2016. The company attributes this decline primarily to higher research and development expenses, as well as lower patent related income from an unaffiliated third party. Net income in Q3 2017 was $1.2 million, compared to $1.6 million in

Aware introduces Knomi mobile biometric framework

Aware announced the launch of its Knomi mobile biometric authentication framework on Thursday. Knomi consists of SDKs that work together on a mobile device and server to replace passwords with multifactor authentication. Modalities currently available with Knomi include face recognition, voice recognition, and a simultaneous combination of face and keystroke dynamic recognition. Voice recognition was also recently added to Aware’s Nexa search and match SDKs. Knomi provides high accuracy and speed performance with Aware’s algorithms, and prevents several types of

This week in biometrics industry stocks

As the biometrics industry continues to grow, BiometricUpdate is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. – It was another volatile week in the markets. Just two weeks ago tech stocks plunged before making a recovery. And so it was this week. The Nasdaq 100 Index shed 2.3 percent over just two

Aware announces quarterly earnings

Aware has reported financial results for its first quarter which ended March 31, 2017. Revenue for the first quarter of 2017 was $4.3 million, a 10 percent decrease compared to $4.8 million in the same quarter last year. Operating income in the first quarter of 2017 was $0.4 million compared to $0.9 million in the first quarter of 2016. The decrease in revenue and operating income were primarily due to lower imaging software license sales and no hardware sales that

Aware releases cloud-based biometric identification solution

Aware has released Indigo|Onboard, the first in the company’s new Indigo line of cloud-based solutions that provide biometric search functionality either as a software-as-a-service (SaaS) subscription or as a server-based software license. Indigo|Onboard improves the onboarding process with advanced identity management capabilities, enabling organizations to biometric search to quickly determine if a new customer or employee has an existing identity record in the system. As a result, organizations can detect attempts at identity fraud as well as prevent any duplicate

Aware announces executive changes

Aware, Inc. announced that Richard P. Moberg has resigned, effective March 3, 2017, as co-Chief Executive Officer and co-President and Chief Financial Officer and Treasurer of the company citing a desire to retire. Mr. Moberg will continue to serve as a member of the Board of Directors. Kevin T. Russell, Aware’s co-Chief Executive Officer and co-President, General Counsel has been named Chief Executive Officer, President and General Counsel. Mr. Russell will continue to serve as a member of the Board

Aware reports Q4 and 2016 results with $21.6M in year end revenue

Aware has reported financial results for Q4 2016 and year-end 2016, which saw aa Q4 2016 revenue of $3.9 million compared to $6.9 million in the same quarter last year. The company’s operating income in Q4 2016 was $0.6 million compared to $2.6 million in Q4 2015. Meanwhile, net income in Q4 2016 was $0.5 million compared to $1.8 million in the same period a year ago. Aware attributes the decline in revenue and operating income in the current three

Aware to deliver web-based biometric enrollment solution to DoD

Aware, Inc. is providing its WebEnroll, BioComponents, and BioSP products as part of a new system to the United States Department of Defense (DoD) to screen applicants for employment. The solution enables fingerprints to be collected using a biometric enrollment application that runs in a browser, making it easier to distribute, maintain, and secure across the DoD’s various departments and numerous facilities and bases. Named “SWFT Plus Enrollment” (SWFT+), the new system is administrated by the Defense Manpower Data Center