FST Biometrics wins Frost & Sullivan leadership award
Frost & Sullivan has recognized FST Biometrics with the 2016 Global Frost & Sullivan Award for Visionary Innovation Leadership.
FST Biometrics has developed In Motion Identification (IMID) access, a multi-modal verification solution for instant, seamless, and non-invasive verification. This patented solution employs a fusion function algorithm that leverages both physiological and behavioral patterns to identify the subject, even when in motion, and to evaluate access eligibility.
FST Biometrics employs biometric behavior technology to create a solution that mimics the way a human brain identifies individuals. The solution leverages functions such as face and voice recognition, video analytics, and, for higher security areas, can incorporate other identifiers including radio frequency identification (RFID) to enhance the fluidity of movement between secure areas.
“The IMID access solution is software-centric, so it easily interoperates with existing access control systems and standard hardware, facilitating smooth and cost-effective installation,” said Frost & Sullivan Best Practices Analyst, Taruna Hariparsad. “It can also analyze and identify multiple individuals simultaneously, addressing the need for scalability in areas with heavy traffic.”
FST Biometrics constantly enhances the behavioral and physiological profile of an individual through repetitive analysis, memorization, and adjustment, enabling FST Biometrics to achieve low false rejection rates (FRRs) of 3 out of 1,000 cases, and false acceptance rates (FARs) of 3 out of 10,000 cases.
“FST Biometrics offers a range of solutions for different security options,” noted Hariparsad. “For instance, it has the IMID Digital Doorman for a single access point, while the IMID Rapid is a short-term, event-oriented security system that fits into a suitcase and easily deploys. Lastly, the IMID Mobile service is an application that downloads onto an Android device and utilizes the camera to provide more information on authorized individuals.”
“This has been a critical year for FST as we ready ourselves for a major growth phase. We have gained significant traction across industries, have formed strategic partnerships with major security companies in Europe and the United States, and have expanded our management team with highly experienced leaders with proven track records,” explained Maj. Gen. (res.) Aharon Zeevi Farkash, President of FST Biometrics. “We are honored that Frost & Sullivan has recognized the excellence and vision of our product, as this recognition strengthens our resolve to make IMID the standard of biometric identification globally.”
Earlier this year, Frost & Sullivan released new research that details how biometric security will be the future of mobile security and fintechs will drive the expansion of biometric security.