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. Apple has indicated that it expects sales of its iPhone X to be strong this holiday season. That strong demand for the face-based biometric smartphone has resulted in an early Christmas for a company called

U.S. planning to expand use of biometrics in immigration system

U.S. Citizenship and Immigration Services (USCIS) is attempting to establish its authority to use iris, voice, and other biometric ID capabilities for a range of applications, including its Electronic Immigration System (ELIS), FCW reports. USCIS chief of biometrics strategy Paul Hunter said the agency expects formal rules on its use of iris, voice, and rapid DNA identification to be in place by March 2019, due to an expedited process. Immigration officials could begin taking voice prints, in addition to fingerprints,

China expands biometric collection program in Xinjiang

Authorities in China’s Xinjiang region are gathering DNA samples, fingerprints, iris scans and blood types from all residents between ages 12 and 65, Human Rights Watch (HRW) reports. Some of the data is being collected under a program “Physicals for All,” which provides free annual medical examinations. Biometric data is also being collecting from those considered a threat to stability, known as “focus personnel,” and their families, regardless of their age. Previously, all passport applicants in the region have been

Get ready for neural networks in your pocket

This is a guest post by George Brostoff, CEO of SensibleVision. It is safe to say that AI has experienced a tremendous growth spurt in 2017. While some of the talk seems to border on marketing hype that has gotten way ahead of the actual functionality being delivered, there is no doubt that AI and machine learning capabilities are expanding across a wide range of use cases. From Google Home all the way up to that gaggle of Power 7

Australia to pilot city surveillance system that uses NEC’s biometrics tech

Australian cities will be the first to trial a ‘next-generation security’ systems that will combine live video with advanced real-time analytics, according to a Government News report. NEC Australia has partnered with Silicon Valley vision analytics firm CrowdOptic to develop the technology which NEC describes as a “ground-breaking intelligent live video streaming security system enabled by real-time analysis of footage captured from fixed cameras and mobile camera sensors in body cams, smartphones, and drones.” The technology uses internet-connected mobile cameras

Biometrics the preferred second factor for strong customer authentication for mobile commerce

Biometric authentication will continue to be adopted for mobile commerce due to its combination of better security and improved user convenience as merchants apply multifactor-based strong customer authentication (SCA) in response to fraud risks and compliance requirements from card networks and regulators, according to a report from Mobey Forum. “Authentication in M-Commerce: Balancing Risk and Experience” describes a challenging environment for mobile commerce retailers, as customer habits, fraud threats, and compliance requirements evolve. It predicts that U.S. Account Takeover Losses

Yitu Technologies’ AI powers massive facial recognition capabilities

Yitu Technologies’ Dragonfly Eye facial recognition platform has logged 1.8 billion photographs stored in a government database, including Chinese nationals and visitors to the country, the South China Morning Post reports in an article on the company’s powerful artificial intelligence systems. Dragonfly Eye is used by more than 20 provincial security departments, and more than 150 municipal security systems across the country. It enabled the capture of 567 suspected criminals in its first three months of deployment in Shanghai’s Metro

Gemalto turns down Atos proposal

Gemalto has rejected Atos’ unsolicited and conditional proposal to acquire Gemalto for 4.3 billion euros ($5.06 billion), or 46 euros a share. In a statement issued Wednesday evening, Gemalto said that it is best positioned to grow successfully on a standalone basis and create long term value for its stakeholders, including its shareholders. The company also said that the Atos proposal does not form the basis for constructive engagement as it: fails to provide a compelling strategy versus Gemalto’s standalone

Cognitec adds video investigation tools to FaceVACS-DBScan product

The latest release of Cognitec’s FaceVACS-DBScan product combines the company’s image database search technology with video inspection tools for a multitude of investigation use cases. According to a statement from the German face recognition company, FaceVACS-DBScan LE enables fast import of video footage and detailed investigations of extracted facial images allowing police to quickly narrow down suspect investigations. The investigation can reveal, for example, if a suspect was seen in various locations within a set time window, always with the

Fingerprint Cards announces partnership with Linxens

Fingerprint Cards has announced a partnership with Linxens, a designer and manufacturer of microconnectors for smartcards and RFID antennas. The partnership, targeted towards card manufacturers, will see Fingerprint Cards providing its T-Shape sensor module for Linxens’ contactless fingerprint-on-card Prelam. According to a company statement, Linxens’ Prelam technology integrates and connects all the functional components of a smartcard and can be converted into finished cards by means of standard smartcard machinery and processes. As well, Linxens’ tape technology makes the fingerprint