Veridium appoints fintech veteran to drive company growth

Biometrics software startup Veridium has announced the appointment of James Stickland as new CEO. Stickland is a seasoned financial technology industry executive with decades of experience and has served in senior executive roles for HSBC, JPMorgan Chase and Cisco, where he specialized in expanding a pipeline of venture capital and accelerating innovation within emerging technology portfolios. He most recently served as managing director of U.K.-based fintech firm Red Deer Systems. As Veridium CEO, Stickland will be primarily focused on driving

Chinese face recognition startup Megvii raises at least $100M

Megvii Inc., the Beijing-based developer of Face++ facial recognition software, has raised at least $100 million from several investors led by Foxconn Technology Group and CCB International Holdings Ltd., according to a Bloomberg News report that cites people with direct knowledge of the matter. The startup is currently in discussions with other investors to raise more funding, according to the sources who requested not to be named due to the matter being private. Though Megvii confirmed it is raising funds,

BioCatch obtains 9 new patents in 2016

BioCatch has expanded its patent portfolio to over 40 granted and pending patents, with nine new patents obtained this year alone. The company’s IP portfolio expansion was led by its recently filed patent entitled “System, Device, and Method Estimating Force Applied to a Touch Surface,” which covers technology that enables device makers to omit the use of expensive hardware that are traditionally needed to estimate the force and pressure applied to touch surfaces on devices. Designed for the small screen,

Changi airport selects MorphoPass biometrics solution for its new terminal

Safran Identity & Security announced that Singapore’s Changi airport has selected the MorphoPass biometrics solution for its new terminal. MorphoPass uses biometric identification to manage a passenger’s journey through an airport and makes checkpoints faster and less intrusive for travelers at bag drop, airside access and passport control, as well as the boarding control point. According to a company statement, the MorphoPass project is focused on three points: improving security, operational efficiency and passenger experience. To meet these three needs

7-Eleven implementing biometrics, CCTV to prevent wages fraud by Australian franchisees

Australia`s Fair Work Ombudsman (FWO) has signed a agreement with convenience store chain 7-Eleven to use biometric technology and CCTV supervision to prevent worker exploitation by franchisees, according to a report by The ABC. 7-Eleven will integrate and manage biometric time and attendance systems and CCTV at all stores to allow its head office to monitor worker hours and ensure workers are paid correctly. An FWO spokesperson said the proactive compliance deed committed the company to preventing wages fraud and

Augmented reality startup Blippar integrates facial recognition into app

Augmented reality (AR) startup Blippar has integrated real-time facial recognition technology into its mobile app, which allows users to generate “AR Face Profiles,” according to a report by Business Insider. The facial recognition technology enables users to scan faces — either in-person, a printed photo, or television — via their smartphone cameras to unlock a “unique augmented reality experience for people who have a recognized face profile,” according to Blippar. The feature will only successfully unlock a profile if the

Bipartisan cybersecurity panel issues report recommending stronger authentication

The Commission on Enhancing National Cybersecurity, a bipartisan panel that addresses cybersecurity challenges facing government and industry, issued a new report intended for the next administration that recommends, among other things, that all Internet-based federal government services provided directly to citizens use “appropriately strong authentication.” The 100-page ‘Report On Securing and Growing the Digital Economy’ document includes 16 recommendations and 53 related directives for both the public and private sector. The report identified several key authentication requirements, including that all

Home Office to fund UK police’s joint forensics and biometrics program

The UK’s Home Office announced it will provide more than £26 million in additional police transformation funding in support of 28 projects or technology plans over the next three years, including a joint forensics and biometrics program, as well as a national data analytics focus, according to a report by Government Computing. The funding, which was allotted in the 2015 Spending Review to help boost law enforcement technology use, will help the projects gain stronger traction for a more collaborative

Valencell marks three years of triple digit growth

Valencell has achieved a third consecutive year of triple digit growth for its biometric wearable technology in 2016 with a 360 percent increase in companies who have acquired Valencell technology over last year. The company also reports robust interest in its technology for hearables for fitness and healthcare applications. Valencell develops performance biometric sensor technology and provides this patent-protected technology to consumer electronics manufacturers, wearable and hearable device makers, sports and fitness brands, medical device makers, and gaming companies for

U.S. Army Special Operations Command seeking new biometric technology

The U.S. Army Special Operations Command (SOCOM) (www.soc.mil) has posted a request for information (RFT) to evaluate selected exploitation technologies from March 27 to 31 at Camp Atterbury in Indiana, according to a report by Sofrep. In a November 7 Federal Register notice, SOCOM invited industry, academia, individuals, and government labs to submit technology nominations for which SOCOM will provide input. The event is designed to improve collaboration between SOCOM and technology providers as well as to identify technologies that