Extended licensing agreement guarantees almost $2M US for Precise Biometrics

Precise Biometrics has entered into an extended software license and distribution agreement with an existing sensor customer that guarantees minimum total license revenues of 17.5 million SEK ($1.98M USD) during 2017 and 2018 for the use of Precise BioMatch Mobile. Precise BioMatch Mobile is a patented hybrid algorithm solution optimized for small fingerprint sensors and platforms with limited processing power and memory space. The extended licensing agreement includes a fee of 17.5 million SEK for a set number of licenses

South Korean firm releases mobile facial identification service

The Korea Trade Network (KTNET) has released a new mobile multi-factor biometric authentication service solution, providing mobile app developers and other companies with a way to implement a simplified, cost-effective face identification system, according to a report by Korea Herald. The identification service solution, BioCA, was jointly developed by the Korea International Trade Association subsidiary in partnership with Daon and the Korea Smart Authentication Corp. BioCA uses a smartphone’s front-facing camera to recognize and identify an individual’s face, then transfers

Elyctis releases tablet for mobile ID verification

Elyctis has released the ID TAB – 9” series, a new mobile tablet that enables governments and private entities to verify ID documents, ePassports, and ID cards. Designed for both public and private sector needs, government agencies can use ID TAB for border control, driving license read, ID document verification, or verification at issuance, among other situations. In addition, private entities can use the ID TAB for banking KYC (Know Your Customer) records, mobile check-in, SIM registration and many more

FotoNation introduces new face and iris recognition solutions for mobile platforms

FotoNation has introduced a new suite of face and iris recognition security and authentication solutions for mobile platforms. FotoNation’s facial recognition solution has a false acceptance rate (FAR) of 1 in 10 thousand and liveness detection. It combines the latest deep learning advances with computational imaging algorithms and uses existing front-view/selfie cameras to quickly identify the subject in various light conditions and poses. The iris recognition solution uses patented MIRLIN technology to deliver a unique solution for mobile devices that

Jenetric presents custom tenprint scanner for mobile fingerprinting at GIS

Jenetric has simplified the mobile registration of individuals with its new LIVETOUCH quattro Compact, introduced at the Global Identity Summit in Florida. LIVETOUCH quattro Compact is a small tenprint scanner that can be integrated into portable or mobile devices. “We reduced the size, weight and energy consump-tion, and provide our customers with a tailor-made fingerprint scanner for portable identification kits and mobile devices“, says Roberto Wolfer, one of the founders and CEOs of Jenetric. With the LIVETOUCH quattro Compact, the

Natural Security Alliance rolls out biometric strong authentication mobile service

The Natural Security Alliance has begun deploying its “Natural Security” application for all iOS and Android devices, allowing mobile biometric authentication without a biometrically-enabled smart phone. San Jose State University in California and Envies de Saison, a fast food chain in the Lille region of France are now using the “Trusted Authentication Operator,” and Auchan payments hypermarket and European betting operator PMU are expected to join soon, the organization announced Friday. “The introduction of this operator fosters the creation of

Orange to launch mobile banking service

French telecom operator Orange is set to acquire a majority stake in financial services firm Groupama in an agreement that will enable Orange to develop and launch an entirely mobile banking service. This acquisition is the result of ongoing discussions between the two companies since January. Once the deal is completed, Orange will have a 65% stake in Groupama Banque, with Groupama retaining the remaining 35%. The new bank, which will be called Orange Bank, will launch a banking service

Survey says biometrics in banking on verge of become mainstream

According to a recent Mobey Forum survey, the use of biometrics in banking and payment systems is on the verge of becoming mainstream. The survey notes that major technological advances and economies of scale have enabled biometrics to gain strong momentum as a secure authentication factor to verify a customer’s identity in the areas of mobile banking and payment. The report argues that over the last two decades, the technology has steadily proven its credibility in this market, attracting the

Morpho CEO shares insights on future of digital identity market

Morpho (Safran) CEO Anne Bouverot recently shared her insights on the future of the digital identity market as well as the company’s plans to accelerate its momentum in this market through strategic product development. In order to meet the demand for faster and simpler use of mobile, such as password-less mobile payments, the market must develop safe and reliable technologies for user identification, said Bouverot. The market has taken the first step towards secure and reliable user identification technologies through

Cognitec releases facial recognition API with new matching algorithms

Cognitec announced it has released a new version of its facial recognition FaceVACS technology which features the next matching algorithms B10 and A16. The A16 algorithm offers a smaller memory footprint, which enables developers to create face recognition applications for mobile devices. The new release also incorporates an upgraded algorithm for age estimation and gender detection. In 2014, Cognitec received the best rating in National Institute of Standards and Technology’s (NIST) independent test for automated age estimation algorithms. Since the