BioCatch included in Gartner’s online fraud detection report for delivering passive biometric analysis

BioCatch announced it has been named in Gartner’s Market Guide for Online Fraud Detection, formerly known as Gartner’s Magic Quadrant for Web Fraud Detection. Gartner listed BioCatch in the report as one of many vendors to deliver passive, or transparent, biometric analysis, meaning that the user is not forced to play an active role and therefore making it a frictionless process. “By 2017, passive biometric analysis will become a standard feature of at least 30% of one-stop fraud detection solutions

Nemex granted trading halt pending Wavefront Biometric Technologies investment update

Nemex Resources announced it is preparing to provide an update on its investment in biometric security start-up Wavefront Biometric Technologies. Reported previously in May, Nemex made an initial investment of $700,000 to acquire a 20% stake in Waterfront with an option to acquire up to 51%. The Australian Securities Exchange (ASX) has granted Nemex a trading halt, while its shares have been placed in pre-open. This trading halt will remain in place until the opening of trade on July 25,

Opus Research to host VBC London 2014: The Voice Security & Authentication Conference

Opus Research announced it will host the VBC London 2014 (Voice Security & Authentication Conference), which will showcase a wide range of technologies that support simple, secure and trusted communications over the web, mobile phones and tablets. The announcement follows the success of Opus Research‘s Voice Biometrics Conference San Francisco, held in May, which featured a keynote presentation from José Ignacio Zorrilla of Banco Santander Mexico. Held November 18 to 19 at The Tower Hotel, VBC London 2014 will be

Hoyos Labs to demonstrate new app that uses biometrics at NYC event

Hoyos Labs announced that it will demonstrate its soon-to-be-released mobile app which uses a range of biometrics to replace usernames and passwords, at the upcoming FinovateFall conference in New York City. At the conference, Hoyos Labs will demonstrate the app to members of the financial community to illustrate how they can use the technology to easily safeguard their corporate and financial data. By essentially transforming a smartphone into a biometrics acquisition device, the app uses a “liveness” detection system that

Aware reports strong Q2 2014 with $6.8 million in revenue

Aware, Inc. reported the financial results for its second quarter ended June 30, 2014, which saw a 53% increase in the company’s revenue over the same quarter last year. The report comes on the heels of Aware’s recent announcement that it declared a special cash dividend of $1.75 per share, which amounts to a total of about $40 million. For Q2 2014, Aware reported revenue of $6.8 million, which is significantly greater when compared to the $4.4 million in revenue

BIO-key International, Experian Public Sector to provide enhanced ID verification using biometrics

BIO-key International announced it is partnering with Experian Public Sector to provide combined, streamlined multi-factor ID proofing services and fraud prevention. As a result of the partnership, BIO-key will provide its fingerprint-based biometric identification technology along with Experian’s suite of identity verification products, to offer comprehensive identity proofing for authentication transactions. “By adding BIO-key’s world class technology to our industry-leading suite of fraud solutions which includes Precise ID, Experian customers will be able to positively ID an enrolled individual during

Bionym Joins FIDO Alliance to simplify secure online authentication

Bionym announced it has joined FIDO (Fast IDentity Online) Alliance. Bionym aims to provide a single point of persistent identity through its wearable identity authentication device, the Nymi, complementing the FIDO framework and working with FIDO-enabled services and websites to generate a trusted ecosystem for seamless authentication. The Nymi detects users’ cardiac rhythm to authenticate their identity, allowing them to wirelessly take control of their devices, car and more. “The FIDO Alliance represents a true collaborative effort to make online

Suprema launches fingerprint scanner SDK for Android OS

Suprema announced it has launched a fingerprint scanner software development kit for Android OS, which is specially designed for use with Suprema’s BioMini Slim fingerprint scanner. The company said the fingerprint scanner SDK for Android OS assures the same level of performance as its SDK for desktop computers. The SDK enables mobile devices to capture fingerprints under varying environmental conditions as well as direct sunlight of up to 100,000 LUX. The new SDK performs at a high speed of 15

Electoral Commission of Ghana hosts conference on using biometrics for election management

The Association of African Election Authorities (AAEA) is currently hosting a three-day conference dedicated to applying and sustaining biometric technology in election management in Africa, according to a report by VibeGhana.com. Held July 21 to 23, the Electoral Commission of Ghana (EC) is hosting the conference which is being attended by representatives of electoral management bodies and practitioners from Ghana, Kenya, Senegal, Togo, Nigeria, Cameroon, Mali, Sierra Leone and South Africa. Conference attendees will be able to discuss the challenges

U.S. Department of State looking to adopt system that captures and processes biometric identifiers

The Bureau of Diplomatic Security is seeking to adopt a new system which would allow it to electronically capture and process biometric identifiers to determine threats to the country, according to a report by Washington Technology. The department wants to use biometric enrollment data file plans to compare the data against other U.S. terrorist, intelligence and criminal databases to pinpoint potential criminals. The Bureau of Diplomatic Security is also looking to use the system for its own criminal investigations and