Fonetic, Tango Networks bring mobility to voice biometrics and compliance recording

Fonetic announced it has partnered with business mobility firm Tango Networks to provide a comprehensive voice biometrics and compliance recording solution for global trading floors. As a result of the partnership, Fonetic will combine its speech analytics solution with Tango Networks’ mobile recording application to enable secure transactions, share important information, and securely record customer relations calls over a mobile phone. “Any compliance program is only as strong as its weakest link; and for too long mobile devices have been

Explainer: Biometric ATMs

Biometric ATMs are self-service automated teller machines (ATMs), or cash machines, that use a biometric measure to identify customers and allow them to withdraw cash. Biometric authentication may be the only customer identifier used, or it may be used in conjunction with another format, such as a payment card, a mobile device or an additional security credential, such as a PIN. The biometric measures used generally include palm or finger vein print biometrics, although they may also include other functionalities

Japan biometrics market to see 34.6% CAGR spike by 2018, says report

Analysts project that Japan’s biometrics market will see a 34.6 percent CAGR rise from 2013 to 2018, according to a new report released by ReportsnReports.com. The report, “Biometrics Market in Japan 2014-2018”, analyzes the current scenario and the many growth prospects of Japan’s biometrics market from 2013 to 2018. To calculate the market size, the authors of the report took into account the revenue earned from biometrics solution sales. In addition, the report explores the vendor landscape and analyzes the

Nexus Smart Pay gets new deployments for biometric fingerprint payment system

Nexus Smart Pay has announced nine new customers piloting the company’s biometric fingerprint payment system. According to the company, these nine companies include Great Harvest Bread Company, Fuddrucker’s Restaurant, BeauJo’s Pizzeria, Victoria’s Garden Floral Company, Untamed Accessories & Clothing, Signs Now, Black Hills Orthopedic & Spine Center, Eileen’s Colossal Cookies and Who’s Game House. Nexus Smart Pay uses what the company calls biocrypticology, which uses radio frequencies to analyze layers of the skin for verification. “We truly believe that this

France interbank network testing biometric payment options

France’s national interbank network, Groupement des Cartes Bancaires CB , is currently testing a biometric solution for payment transactions and is expected to approve a Natural Security Alliance-defined authentication standard this year for use in the CB system. The strong authentication method, which the Natural Security Alliance launched in March, strives to simplify and secure payments by a process in which cardholders place their finger on a biometric reader in store or at an ATM to validate a payment or cash

Demand from govt, finance promoting growth in facial recognition market: report

Market research report distributor Reportstack announced on Monday it has published a new research paper called Demand From Government, Finance Promoting Growth in the Global Facial Recognition Market. The analysts behind this research paper looked at the impact of market drivers, challenges and trends regarding the global facial recognition market over the next 3 to 4 years. The paper features data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the

NASSIT Intros Biometric Registration System For Pensioners

The National Social Security and Insurance Trust of Sierre Leone (NASSIT) announced on Thursday it has operationalized the Biometric Registration System for its pensioners. The system uses a service-oriented architecture for central biometric data storage collected from both contributors and pensioners and uses the finger as the primary tool for biometric recognition, while facial recognition acts as the secondary means of verification. The system captures three fingers from both hands of the individual. The NASSIT team can visit any location

Voice recognition market to reach US$2.5 billion in revenue by 2015

A recent special research report on voice biometrics released by the Biometrics Research Group Inc., the research arm of BiometricUpdate.com, found that the market size for both speech recognition and voice recognition continue to grow exponentially. The research firm estimates that voice recognition will reach US$2.5 billion in revenue by 2015, mainly driven by the banking sector. Voice recognition is a biometric modality that uses an individual’s voice for recognition purposes. Due to growing interest in providing consumers with cutting

Special Report: Voice Biometrics

Biometric Update Special Reports provides analysis and competitive industry intelligence for the global biometrics industry including market size, multiple industry segments, venture capital and other business opportunities, along with in-depth profiles on the best emerging companies and solutions. This report on voice biometrics looks at both speech recognition and speaker/voice recognition and provides a basic analysis of respective market sizes with a look at some of the main vendors controlling the space including Nuance Communications, ValidSoft Ltd. and VoiceTrust. Voice

Deloitte survey finds biometrics welcomed for mobile consumer banking apps

Andrews Research recently conducted a survey on behalf of the Deloitte Center for Financial Services on mobile devices and the financial services industry. The survey found that 72 percent of respondents would welcome the use of biometric identification, such as fingerprints or eye scans, to enable a mobile device, such as a tablet or smartphone, for financial transactions. For banking security, over half of survey respondents endorsed “pre-clearance” of a limited number of people who could receive a limited dollar