Next-generation biometrics market to reach $24.4B by 2020: Report

Markets and Markets recently published a 178-page report addressing the next-generation biometrics market, which is expected to undergo a 17.9% CAGR to reach $24.4 billion by 2020. This forecasted growth in the global biometrics market over the next five years can be attributed to numerous drivers, including government initiatives across the world to adopt biometrics systems for the purpose of identification and verification, the introduction of e-passports, and the use of biometrics in criminal identification. As such, the use of

Westpac Bank looks at expanding its use of biometric authentication technology

Australia’s Westpac Bank is expanding its use of biometric identification technologies to authenticate customers on its mobile banking app, according to a report by IT News for Australian Business. Westpac subsidiary St George began offering its customers the option of using Apple’s Touch ID fingerprint scanning technology available on the iPhone 5s, iPhone 6 and 6 Plus to log in to its mobile banking application. St George offered the same option to those customers with Samsung Galaxy S5 smartphones, and

Hong Kong government investing US$387m upgrading biometric ID cards

The Hong Kong government plans to invest US$387 million to upgrade citizen ID cards with facial recognition capabilities, according to Future Gov Asia Pacific. According to the Legislative Council Panel on Security, the new biometric ID cards will contain a chip with increased capacity to store a higher resolution photo on it. The government will then be able to use facial recognition technology to read and verify the image on the chip. The increase storage capacity will also allow for

NEC to provide biometric identification solution to LA County Sheriff’s department

NEC has signed a multi-year service agreement with Los Angeles County Sheriff’s Department to provide them with its flagship multimodal biometrics identification solution. Under the agreement terms, NEC will provide the LASD with its multimodal biometrics identification solution Integra ID 5 for their current and future identification needs. Integra ID 5 service oriented architecture includes built-in support for various biometrics modalities including fingerprint, palmprint, face, iris, voice and DNA. The service offerings also include NEC’s fingerprint and NeoFace facial recognition

NEXT Biometrics to supply 10,000 sensors to Taiwanese partner

NEXT Biometrics announced today that it has received a purchase order for 10,000 area sensors from a Taiwanese partner. According to a company news release, all 10,000 sensors that have been ordered are slated for delivery before the end of this year. Tore Etholm-Idsøe, CEO NEXT Biometrics said: “NEXT is the only player able to meet this market segment need of system quality, determined by sensor size, at mass market acceptable pricing.” The firm reports is excited to move forward

Suprema wins All-Over-IP’s “best product” award for fingerprint access control terminal

Suprema announced it won the “Best Product” award for its fingerprint access control terminal, BioEntry W, at this year’s All-Over-IP Expo in Moscow. All-Over-IP is one of Russia’s largest exhibitions and conferences devoted to global IT, surveillance and security industries. Suprema’s BioEntry W has all the benefits of an IP access control system combined with the high-level security of fingerprint biometrics. The fingerprint access control terminal features a vandal-resistance and IP65-rated structure, enabling it to be installed outdoors to provide

Australian banks implement biometrics for mobile banking

Australian financial institution St George Bank announced it has implemented fingerprint login for its mobile banking service, according to a report by The Sydney Morning Herald. In addition, competing bank ANZ said it would soon be offering voice recognition login. St George’s TouchID functionality will be offered for the iPhone 5S with the expected September release of iOS8, as well on the Galaxy 5 later this year. According to CIO Dhiren Kulkarni, St George Bank will not store its customers’

M2SYS Technology deploys biometric voter registration software in Yemen

M2SYS Technology announced that the country of Yemen is deploying its TrueVoter biometric voting registration platform for the nation’s upcoming constitutional referendum and national elections. The scalable and customizable TrueVoter software will allow the country’s Supreme Commission for Elections and Referendum (SCER) to deploy and maintain a complete biometric information system for rapid enrollment and identification of voters. The United States Agency for International Development is funding the project. M2SYS attributes its contract win to TrueVoter’s full functionality, which includes

Top biometrics news stories, week of August 10

Biometrics Week in Review: next killer app for biometrics, biometric authentication project, airports deploy biometric screening in Australia and Japan, new biometric entry/exit testing center, biometric screening at South Africa borders posts, testing facial recognition accuracy for video, Launchkey’s latest update, a guest post about biometrics research at DHS and a guest post about biometrics at the US southern border. Here’s a recap of most popular and noteworthy biometrics news stories that appeared on BiometricUpdate.com this past week. Mobile commerce

Mobile commerce next killer app for biometrics

Mobile commerce is emerging as the next killer application for biometrics. Previously, Biometrics Research Group, Inc. accurately predicted that biometrics would become integrated within a wide number of mobile devices during the last smartphone product release cycle. The consultancy also correctly predicted that integration would be driven by smartphone and tablet manufacturers such as Apple and Samsung Electronics. Now, another prediction is proving accurate. In a Biometrics Research Note issued in March 2013, the research vendor stated it believed that