Global biometrics market to exceed $10B by 2021: ABI Research

ABI Research has published its “Hot Tech Innovators: Biometrics” report, which forecasts that the biometrics market will exceed $10 billion by 2021. In the report, ABI Research identifies four technologies that innovative and agile startups must incorporate into their solutions to secure significant share in the changing competitive landscape including multifactor authentication (MFA), point-of-sale (PoS), mobile payments, and passive authentication. “Companies can no longer afford to cut corners when it comes to security,” said Dimitrios Pavlakis, industry analyst at ABI

IDEX ASA issues Q4 2016 and year-end 2016 financial results

IDEX has issued its Q4 2016 and year-end 2016 financial results, which recorded revenues of NOK 38.6 million (US$4.6 million) in 2016 compared to NOK 0.3 million (US$36,000) in 2015. In Q4 2016, the revenues amounted to NOK 12.5 million (US$1.5 million), which represents a significant increase over the NOK 0.2 million (US$24,000) in recorded revenues for Q4 2015. IDEX said its ongoing biometric smartcard program with strategic eco-system partners is making considerable progress. The company’s global payments partner completed

NYDFS finalizes cybersecurity regulations for New York financial institutions

The New York State Department of Financial Services (NYDFS) recently issued cybersecurity regulations that require New York banks, insurance companies and other financial institutions to create and maintain a cybersecurity program designed to protect consumers and the financial services industry at large, according to a report by Mondaq. The regulations, which take effect on March 1, require all applicable entities subject to come into compliance with most requirements within 180 days of the effective date. However, certain requirements allow up

Liquid launches payment service using fingerprint authentication in Indonesia

Japanese firm Liquid Inc. has launched a payment service using fingerprint authentication in Indonesia. According to a report in the Bangkok Post, the joint venture with Indonesian conglomerate Salim Group is aiming for several hundred thousand users, with plans to offer the payment service to the Salim Group’s workforce of around 500,000. “We are looking forward to developing the next generation payment and business platform in Indonesia, which will contribute to changing people’s lifestyle and have a big business impact

ImageWare and SAP showcasing integrated solution at MWC

ImageWare Systems and SAP will showcase the GoVerifyID integration with the SAP HANA Cloud Platform and Fiori UX at Mobile World Congress later this month. GoVerifyID, SAP HANA Cloud Platform and SAP Cloud Identity Service together enable single sign-on multi-modal biometric user authentication for all SAP HANA Cloud Platform applications. GoVerifyID, combined with SAP Fiori, provides a secure, personalized user experience. “Simplifying the user experience while simultaneously enhancing security is the core value we offer,” commented Jim Miller, president and

CrucialTec to release on-screen fingerprint sensor solution this year

Fingerprint module developer CrucialTec said it will begin supplying its on-screen fingerprint sensors that allows for biometric authentication on a smartphone screen, as opposed to the home button, to smartphone vendors around the world later this year, according to a report by The Investor. The move comes a couple years after CrucialTec was granted a patent for new technology to install fingerprint sensors under the display panels of smartphones. Several smartphone vendors have been waiting for the new fingerprint sensors

BioID introduces eye recognition solution in public beta release

Cloud biometrics developer BioID introduced its new biometric eye (periocular) recognition solution in a public beta release. In addition to the cloud-based face and voice authentication options currently available as part of its BioID Web Service (BWS), the new eye recognition solution gives developers an additional choice when integrating biometric authentication with their applications. According to a company statement, eye recognition will enable new use cases that were not possible with face recognition and can deliver greater performance in certain

Google working on fingerprint unlock feature for Chrome OS

Chromebook owners with the right hardware may be able to start using their fingerprints to access their laptops later this year. According to a PCWorld report, Chrome Story recently spotted a new flag in Chrome OS Canary that discusses “Quick Unlock (Fingerprint).” Fingerprint security features are also mentioned throughout the changelog for Chrome OS 58.0.3007.0 that was released to the dev channel on February 14. Reports that Google was working on adding a new log-in method using fingerprint sensors first

HID Global’s healthcare ID technology trends point to the growing role of biometrics

HID Global has shared three key identification technology trends emerging in the healthcare sector, which include integrated, compliant systems that are both convenient and connected; connected environments that drive the need to ensure the Internet of Trusted Things (IoTT); and the increasing role of biometrics in patient and provider authentication and EPCS applications. The increasing use of trusted identities in the healthcare sector is driving the demand for advanced smart card technologies and mobile solutions. As the industry shifts its

EAB presenting Biometrics in Payments session at European Payment Summit

The European Association for Biometrics (EAB) will be presenting a ‘Biometrics in Payments’ session at the European Payment Summit (EPS) on Wednesday, March 8, 2017. The session, moderated by EAB co-founder and Secretary Max Snijder, will provide an up-to-date briefing on developments and trends of biometric applications in financial markets and the transaction space. Onegini and UL TS BV will join the panel discussion. The European Payment Summit (EPS) offers a two day program featuring key developments for and by