Biometrics markets in India and Middle East: analyst reports

Research analyst groups TechNavio and TechSci have separately published reports on the Middle East and India biometric markets, respectively. TechNavio’s report is titled “Biometric Market In Middle East 2015-2019“, which covers the present scenario and the growth prospects of the biometrics market in the Middle East for the period 2015-2019. The analysts state that the market is highly fragmented with a large number of small and large vendors, which are detailed in the report. The report also identifies the major

Australia to launch national facial recognition matching system in 2016

The Australian government is expected to roll out a new biometric system next year that will allow law enforcement agencies to share facial images amongst themselves, according to a report by ZDNet. The facial recognition system will deploy a one-to-one matching functionality to confirm identities of known individuals before gradually introducing additional functionality to match unknown individuals, said the Attorney-General’s department. “The technical architecture of the capability will adopt a hub-and-spoke model to facilitate ‘query and response’ matching requests between

Nok Nok Labs announces close of $16.25M funding round

Nok Nok Labs announced that it has completed the second and final closing of $8 million in its Series C financing, successfully raising a total of $16.25 million. In December, Nok Nok Labs raised $8.25 million in a Series C financing from new investors DDS Inc. and Raven Ventures, as well as existing investors DCM Ventures, Lenovo Group Limited and ONSET Ventures. This latest overscribed financing round saw the addition of several new strategic investors, including DaouKiwoom Group from South

Survey reveals biometrics demand with 84% supporting eliminating passwords

Mobile authentication platform firm LaunchKey released findings from a recent survey it commissioned in which 84% of respondents said that they would support eliminating passwords as an authentication method. The survey results also found that 76% of respondents feel their data would be more secure with an alternative form of verification, with 59% preferring fingerprint scans over passwords. Additionally, 46% of survey respondents said they currently have more than 10 passwords to manage, 68% admitted that they reuse passwords for

X Infotech, Atea provide mobile biometric enrollment solution to Lithuanian Police

Systems integrator and software developer X Infotech announced it recently teamed up with local partner Atea to provide a biometric solution for the mobile enrollment program for the Lithuanian Police. X Infotech and Atea recently won the public procurement organized by the Lithuanian Police, continuing their proven track record in identity management. The companies worked together to deliver the solution that accurately captures and stores biometric data for issuance of various identity documents, such as passports, identity cards and residence

Biometrics for finance applications revenue to reach $2.2B by 2024

Tractica announced it has published a new report titled “Biometrics for Finance Applications”, which examines the global market for biometrics in the finance industry, including 10-year forecasts for the period from 2015 through 2024. According to the report’s forecasts, revenue for the global biometrics finance market will grow at a CAGR of 38% from a base of $126 million in 2015 to reach $2.2 billion by 2024. The global market will have a cumulative revenue of $11.7 billion for the

Aadhaar court order holds up new Indian social programs

In the wake of India’s Supreme Court decision on Aadhaar, many social programs that relied upon the biometric database for citizen authentication are in jeopardy. As BiometricUpdate.com reported earlier this month, the court placed a cease order on the national Indian government concerning its use of Aadhaar data. Under the new court order, the use of Aadhaar is restricted to the distribution of liquid propane gas, kerosene and food grains. India’s Supreme Court also ordered that any additional data collected

Social biometrics firm Socure raises investment from Flint Capital

Flint Capital an international venture capital fund investing across US, Israel and Europe, has joined a $2.5 million round to finance online identity verification firm Socure. Socure has raised more than seven million dollars of investment capital, to date, from various investors including ff Venture Capital, Two Sigma Ventures and Founder Collective. The company’s clientele includes some of the largest banks, remittance and payments companies, card networks, lenders, merchants and credit bureaus across 32 countries. Socure has developed and patented

NEC facial recognition software deployed by Arizona Department of Transportation

NEC Corporation of America announced that Arizona Department of Transportation (ADOT) has selected and deployed NEC’s NeoFace facial recognition software. The automated facial recognition solution uses NEC’s NeoFace Service-Oriented Architecture (SOA) based biometric solution through a cloud platform. NeoFace will help improve the credential issuance process of ADOT, which currently has a database of about 7.7 million driver’s license and identification records with roughly 16 million images. The facial recognition software interfaces with credential issuance processes to ultimately lower any

Cardlogix releases biometric smart card development platform

Biometric identity card and software firm CardLogix announced it has added biometric capability to its microprocessor smart card development platform, M.O.S.T. Toolz. The biometric capability captures and writes interoperable fingerprint data to a microprocessor smart card, providing an extra layer of security that bind the user to the process of mutual authentication for any card application. CardLogix’ contact and contactless M.O.S.T. Cards can be used for various applications, including passports, citizen IDs, voting, law enforcement, and healthcare IDs. The platform