ABI Research predicts biometrics market to shift focus on banking, consumer electronics

ABI Research predicts that by 2021 the biometrics market will reach $30 billion and redirect its revenue focus away from the governmental sector to embrace opportunities in the consumer and banking sectors. As a result of this new shift in focus, consumer and banking segments will experience 19% and 12% growth rates, respectively. The new research is part of ABI Research’s Biometric Technologies and Applications Service. “After establishing a foundation in smartphones and user authentication, the biometrics market is branching

Infosys Finacle, Onegini partnership to strengthen digital banking security

Infosys Finacle and Onegini are partnering to integrate the Onegini mobile security platform with Finacle banking solutions, enabling secure mobile banking through advanced biometrics and multi-factor authentication. The integration will allow banks to offer customers an option to select advanced authentication methods, including fingerprint, facial, eye and voice recognition as well as multi-factor authentication for added security as they transact on devices. The end-user will be presented different authentication methods depending on device, location and type of transaction. Andy Dey,

U.S. government accepting bids for personal ID verification system

The General Services Administration has begun the bidding process on a possible 10-year hybrid contract for managed services to a government-wide personal identity verification system, according to a report by Gov Con Wire. The FedBizOpps solicitation notice states that GSA’s federal acquisition service is seeking a vendor to provide identity and credential management services for the USAccess Program, which is under Homeland Security Presidential Directive 12. The contract covers “managed services for identity and credential management services including: 1) applicant

Breathalyzers with facial recognition helping Massachusetts probation officers

A recent report by Western Mass News showcased how Scram Systems handheld, wireless, portable breath alcohol device with automated facial recognition and GPS is helping out probation officers across Massachusetts and giving those on probation a bit more flexibility. The SCRAM Remote Breath device has replaced the older in-home systems and is a simple way for probation officers to remotely check blood alcohol content and verify the identity of the person taking the test. Because the devices are portable, they

Lenovo subsidiary committed to online biometric authentication

At a recent symposium on trusted identity in cyberspace, Lenovo introduced Online Biometric Authentication Ltd, a subsidiary of the Lenovo Capital & Incubator Group (LCIG) dedicated to working together with all stakeholders to address the authentication problem and to push for application of international standards across the ecosystem. According to a report by China.org, Henry (Haixin) Chai, CEO of the new company commented, “China is more extensively exposed to the mobile internet than any market in the world, and the

Huawei Honor 5C features FPC and Precise Biometrics fingerprint technology

Fingerprint Cards (FPC) and Precise Biometrics are providing the fingerprint technology for the new Huawei Honor 5C smartphone. The device uses Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. The fingerprint algorithm is based on Precise Biometrics’ standardized extractor and matcher technology, which is ISO 19794-2 compliant. The new Huawei Honor 5C smartphone also features Fingerprint Cards’ touch fingerprint sensor FPC1025. Earlier this year, research firm Acuity Market Intelligence said that more than 200 smartphones

Alibaba division Ant Financial raises $4.5B in private funding round

Ant Financial (its official name is Zhejiang Ant Small & Micro Financial Services Group), the financial division of Alibaba that owns Alipay, recently raised $4.5 billion private funding round, according to a report by CNBC. Credited as the world’s largest single private funding round for an internet company, the deal gives Ant Financial a valuation of $60 billion. This positions Ant just behind U.S. ride-sharing app Uber ($62 billion), and ahead of Chinese smartphone maker Xiaomi ($45 billion). The funding

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

ID4Africa advocates for social inclusion through digital identity

ID4Africa describes itself as a movement promoting digital identity as a driver of socio-economic development in Africa. ID4Africa was co-founded by the Asia Pacific Smart Card Association (APSCA) and Identity Counsel International (ICI) to serve as a multi-stakeholder organization that promotes the transparent and responsible adoption of digital identity in Africa. The aim of ID4Africa is for governments to share experiences and establish real world standards that set the correct expectations for what is involved in launching successful identity programs.

Tangerine adds Eyeprint ID and voice biometrics to its mobile banking app

Canada’s Tangerine Bank has released a new version of its mobile banking app for iOS to include eyeprint recognition and voice biometrics for identity verification, and an in-app secure chat function. EyeVerify provides the Eyeprint ID technology and VocalPassword, developed by Nuance Communications, is a voice authentication technology that allows clients to access their account by saying a simple phrase. These biometric technologies have never been used before by a Canadian financial institution. The Secure Chat application, which was initially