Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Stock markets continue to trade at record highs. Financial analysts point out that broad market indexes have not suffered a decline of more than 3% since November of last year. The last time there was

Pegasystems integrates facial recognition into KYC and CLM apps

Pegasystems Inc. has integrated new facial recognition and identification capabilities from Electronic IDentification (eID) into its Pega Know Your Customer (KYC) and Pega Client Lifecycle Management (CLM) applications. Using advanced biometrics, AI, and optical character recognition (OCR), eID’s facial recognition and identification capabilities match the person’s face with their legal documentation, such as a passport, to quickly and accurately confirm their identity. The process complies with any eID-supported legal ID card and all major international regulations, including Electronic Identification Authentication

Javelin report explores impact of IoT, biometrics on financial services

Javelin Strategy & Research has published a new whitepaper that discusses how the Internet of Things (IoT); connected payments from IoT devices; and new banking technologies, such as biometrics, are affecting the financial services industry. Published in association with PSCU, “The Credit Union Guide to Opportunities in IoT, Biometrics and E-commerce” projects there will be over 50 billion connected devices employed worldwide by 2020, which represents a massive opportunity for credit unions. The paper also gives insight into the future

BioCatch VP touts behavioral biometrics as wave of the future

Behavioral biometrics is a breakthrough cybersecurity technology that identifies people by how they do what they do, rather than by their physical characteristics, what they know, or by the authentication technology they possess. Behavioral biometrics is defined as the measurement and analysis of human activity patterns. Historically, these have included keystroke patterns, gait, and handwritten signatures. However, today’s advanced behavioral biometric techniques now capture a wider array of human interactions between a device and an application, such as hand-eye coordination,

ThreatMetrix receives two leader awards from Javelin Strategy and Research

ThreatMetrix has received two Leader awards from Javelin Strategy and Research, making it the only vendor to be named as a leader in multiple categories. Javelin’s Identity Proofing Platform Scorecard provides financial institutions and other identity-reliant businesses with an insight into the identity proofing vendor landscape. ThreatMetrix was recognized as a leader in the Innovative category, which honors technology providers that integrate technologies to address today’s problems, as well as the major fraud avenues of the future. The company was

Ideco to release identity-as-a-service and national user ID mobile app

South African biometrics firm Ideco will soon introduce its new Identity-as-a-Service (IDaaS) and national user ID (nuID) mobile app ecosystem for fraud-proof trusted identity verification, which it will confirm people’s identities using a digital certificate of authenticity, according to a report by fin24tech. The mobile application is designed to give users more control over protecting their identities. “The app enables the general public to take control of identity,” said Ideco CEO Marius Coetzee. “When your identity is needed for an

Juniper study finds 40 percent of Apple users unlikely to use facial recognition

Juniper Research has released the results of a new survey that finds that over 40 percent of iOS users in the U.S. are unlikely to use facial recognition as a payment security technology. The results suggest that Apple might run into difficulties with getting consumers to adopt the new Face ID security feature in the upcoming iPhone X. The study finds that contactless payment users considered fingerprint sensors and voice recognition more appealing authentication methods, with 74 percent and 62

10th Cyber Defence Summit

10th Cyber Defence Summit September 20th, 2017 Dubai, UAE Critical sectors in the UAE – including but not limited to finance and energy – have increased their dependency on technology and state-of-the-art ICT solutions to deliver high-quality, efficient, and effective services. In 2016, the financial cost of cybercrime totalled $1.4 billion, an increase of 4.9%. Naseba’s 10th Cyber Defence Summit will address the importance of protecting critical infrastructure and sensitive information, help companies procure cybersecurity solutions and services, and create

Report forecasts biometrics market to surpass $50b by 2024

Global Market Insights has published a new research report which forecasts the global biometrics market will surpass $50 billion by 2024. The company’s analysts attribute the growth to the high acceptance among various verticals including mobile banking and financial services owing to increasing security concerns. The report lists government initiatives for biometrics implementation combined with high deployment for criminal identification are also key factors driving industry demand. Analysts state that industry players will focus on technological advancements and new product launches

Seamless financial services: the challenge to deliver both security and convenience

This is a guest post by Xavier Larduinat, Head of Banking and Payment Innovation at Gemalto. Since the dawn of the smartphone just over 10 years ago, consumers’ approach to banking and payments has changed radically. For many, the ability to access account information or make payments via an app has become so prevalent that physically visiting a bank branch is a novelty. While specific services might still need to take place face-to-face, for most people a smartphone represents the