Inner city bank leverages biometric technology to make banking more accessible

ATB Financial and Boyle Street Community Services have partnered to form community agency Four Directions Financial, which leverages biometric identification technology to make banking more accessible. The move marks the first time a company in Canada has deployed this approach for the underbanked. After more than a year of consultation with inner-city agencies, the companies formed Four Directions Financial to meet the unique financial needs of those individuals living in poverty. The company uses biometric technology to help provide them

OT-Morpho’s U.S. innovation center explores biometric banking

OT-Morpho officially opened its first U.S. innovation center in Redwood City, California, which allows visitors to experience a biometric and digital journey encompassing banking, payments, IoT, telecom and retail processes for real-life technology integration. The new center will serve as a hands-on lab to demonstrate how service providers who have gone digital have implemented and executed biometric technologies. Visitors to the center will start their journey at “home” and then will eventually immersed in several daily life environments simulating innovative

Iris ID demonstrating mobile iris recognition enrollment and ID products at MWC

Iris ID will soon release two lightweight handheld mobile devices integrated with the OPALi (opal-eye) iris recognition camera module, which provide fast and accurate multimodal enrollment and identification capabilities for field use by border control, customs, immigration, law enforcement and other officials. The company is demonstrating the mobile iris recognition products at this week’s Mobile World Congress in San Francisco’s Moscone Center. The OPALi iris recognition camera module — both of which will be available with MIPI and USB interfaces

IriTech introduces iris camera system designed for PCs

IriTech has revealed a new product line called IriVault, an iris camera system designed specifically for laptop and desktop computers. IriVault is a compact and lightweight camera under 3.5 inches designed to be connected externally, as an encased product, or internally, as an OEM module, to a PC to provide real-time iris identification for applications such as desktop sign-in without passwords, single sign-on, online payments, email/file/folder encryption and decryption. These functions can be done automatically as a background Windows service

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

Qualcomm Mobile Security to license EyeLock iris authentication technology

EyeLock LLC has entered into a license agreement with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, for Qualcomm Mobile Security. Under the agreement, EyeLock is developing iris authentication solutions that are designed to work with Qualcomm Mobile Security and enable OEMs across the entire IoT scope to benefit from EyeLock’s iris authentication capabilities. “This agreement is a great acknowledgement of the quality and capability of our technology and an indication of the growing demand for increased security and convenience

IriTech wins Frost & Sullivan’s best new product innovation award

Frost & Sullivan has recognized IriTech, Inc. with the 2017 North American Frost & Sullivan Award for ‘New Product Innovation’, based on its recent analysis of the new trends in the iris biometrics industry. IriTech took the leadership role in developing advanced iris biometric technology and products for the new markets and making it more affordable and accessible to end users on a global scale. The company’s iris hardware and software are being used by many large-scale projects operated by

CLEAR biometric identity membership platform deployed at Comerica Park

Biometric identity membership platform CLEAR has been deployed at Comerica Park in Detroit. Using CLEAR, Detroit Tigers fans can quickly move through security with the touch of a finger or blink of an eye. The launch at Comerica Park expands CLEAR’s nationwide footprint to 24 airports and seven stadiums nationwide including Yankee Stadium and Citi Field in New York, Coors Field in Denver, Marlins Park and American Airlines Arena in Miami, and AT&T Park in San Francisco. Tigers fans can

CLEAR takes off at Dallas Love Field airport

Identity membership platform CLEAR, a TSA-approved system that stores your biometrics, has launched at Dallas Love Field airport (DAL). The launch at DAL expands CLEAR’s network of touch points to nearly 30 U.S. airports and sports stadiums nationwide. CLEAR recently launched at Salt Lake City International Airport and five additional airports this year alone. “The whole process [of scanning your eyes and fingerprint] takes less than half a second,” said CLEAR’s David Cohen. “Then you go straight into physical screening.”

Sharing economy to leverage Aadhaar

Two major proponents of the sharing economy, Airbnb and Uber, are considering using the Aadhaar biometric identification database to authenticate their respective users in India. Aadhaar is the 12-digit unique identification number issued by the Indian government to every individual resident of India. The Aadhaar project aims to provide a single, unique identifier which captures all the demographic and biometric details of every Indian resident. At last count, over 1.1 billion people out of India’s population of 1.27 billion have