Socure to release new version of its beyond-human predictive analytics platform

Socure will soon release version 3.0 of its beyond-human predictive analytics platform, codenamed Sapphire, which features a modular design and includes a single API to accommodate digital to physical identity verification. The company has partnered with global ID authentication solutions developer AU10TIX to help in document processing. Available October 1, Sapphire features an ID-plus solution that includes several modular offerings via a single API to validate consumer’s PII (email, phone, address, date of birth, SSN, passport, driver license), correlate the

Study finds many Saudi banks considering biometric solutions

Gemalto has published the results of a recent study in which it found that 69 percent of Saudi Arabian respondents said that it is easier to use eBanking solutions than having to physically visit a branch, according to a report by Saudi Gazette. The study arrives as several banks in the Kingdom are adopting digital banking solutions as a core strategy to cater to constantly evolving consumer behaviors. After receiving the support of the government through its National Plan for

MorphoTrust study finds most Americans are ready for mobile biometric driver’s licenses

Radius Global Market Research and MorphoTrust USA have released a new research study which reveals that the majority of the U.S. public is ready for the traditional plastic driver’s license to go mobile. The survey polled nearly 4,000 consumers with a smartphone and have a valid driver’s license or state identification card, ranging in age, gender, region and income across the U.S. The study showed the public’s increased and widespread acceptance for using biometrics, including fingerprints and facial recognition, as

Bank of America to pilot Samsung iris recognition for mobile banking

Bank of America will soon launch a pilot program in which it will use Samsung’s iris biometric authentication technology to allow mobile banking clients to log in to the app by taking a photo of their eye, according to a report by American Banker. The pilot is part of an overall initiative to assess customers’ interest for a range of biometric authentication technologies, according to Michelle Moore, head of digital banking at Bank of America. “One thing we know we

OT-Morpho helps deliver biometric wearable and digital health platform in rural India

Syscom Corporation Ltd, a subsidiary of OT-Morpho, has partnered with social health nonprofit organization Khushi Baby Inc. to provide a fully decentralized biometric wearable and digital health platform to monitor and respond to the health of pregnant mothers and newborn infants in rural India. In a world-first, the project is deployed in over 300 villages with the District Health Society of Udaipur in Rajasthan. The platform includes a digital health record worn as a necklace by pregnant women and babies

HSBC, Barclays join EU project aimed at testing digital ID standards for cross-border banking

HSBC and Barclays have joined a new EU group comprised of private and public sector organizations testing the use of a citizen’s national digital identity from France to open a bank account in the UK, according to a report by Finextra. The Project, which is co-financed by the European Union’s Connecting Europe Facility, will also include the UK Government Digital Service (GDS), Orange, OT-Morpho and the Open Identity Exchange (OIX UK). The organizations will test the use of public sector

NIST finalizes digital ID guidelines, eliminates changing of passwords

Federal scientists at the National Institute of Standards and Technology have eliminated outdated requirements for the agency’s digital identity authentication guidelines, such as regular changing passwords as well as adding new standards for the use of biometrics, keysticks and other two-factor authentication tokens, according to a report by Cyberscoop. The final document, dubbed NIST Special Publication 800-63 (PDF), marks the third version of the guidelines and the result of more than a year of public consultation, according to NIST Senior

Spanish bank BBVA, Das-Nano launch digital ID tools startup

Spanish bank BBVA has partnered with biometrics and nanotechnology startup Das-Nano to launch Veridas, a new tech startup focused on the research and development of customer verification and authentication software. Led by Das-Nano co-founder Eduardo Azanza, Veridas will develop solutions that verify the identity of BBVA clients online using various biometric modalities including facial, voice, fingerprint, image, and document recognition technology. “Veridas will contribute the talent, the knowledge and the specialized experience necessary for the technological development that will allow

Accenture, Microsoft demonstrate digital identity prototype at ID2020 Summit

Accenture has partnered with with Microsoft and Avanade to provide blockchain and biometric technologies to support ID2020, a global public-private partnership that is working towards implementing digital identity on a global basis by leveraging secure and well-established systems. The companies have developed a blockchain technology-based identity prototype that runs on Microsoft Azure, designed to enable users to control who has access to their personal information, as well as when to release and share data. Using an advanced decentralized, or “distributed,”

Biometrics essential to combining security and convenience: Isabelle Moeller

Biometrics Institute CEO Isabelle Moeller has published an editorial asserting why biometrics are essential to combining security and convenience, or as she explains, “only biometrics can unify the age-old opposing forces of user-experience and digital security.” Moeller states that the past five years has pushed biometrics into the mainstream with the increasing use of smartphone fingerprint authentication, voice recognition in telephone banking and face recognition-enabled airport checkpoints. Despite this increased adoption of biometrics, security breaches continue to occur more frequently