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

Aware’s selfie authentication software products FIDO certified

Biometrics software and solutions provider Aware, Inc. recently introduced FIDO Suite, a family of software products that enable secure biometric authentication on mobile devices using “selfies”. According to a statement by the company, the first three products in the FIDO Suite achieved certification in the three FIDO UAF categories required in a complete solution: Server, Client, and Authenticator. Certification was earned in part by achieving interoperability with products from other vendors at the most recent testing event sponsored by the

Aware reports Q1 financial results, establishes stock repurchase plan

Aware, Inc. has issued the financial results for the first quarter ended March 31, 2016, which saw a 17% spike in revenue to $4.8 million over the same quarter last year. The company’s operating income in the first quarter of 2016 was $0.9 million, compared to $0.4 million in the first quarter of 2015. Aware attributes the increase in revenue and operating income primarily to licensing revenue from a 2015 medical imaging software sale. Additionally, the company’s net income in

Biometrics for access control, fingerprint technology, payments and facial recognition trending this week

Here is a recap of the most popular biometrics industry news that appeared on this past week. Payments Mastercard reports that Dutch participants of the first worldwide pilot by MasterCard and International Card Services (ICS) embraced the biometrics-based payment technology. 95 percent of the fingerprint users and 80 percent of the facial recognition users indicated that shopping became more convenient using biometric authentication. 75 percent of users were convinced that biometrics-based payments will decrease fraud. Nymi collaborated with NXP