Global ID files patent application for 3D vein biometrics in U.S. after developing solutions for banks
Global ID has filed a patent application for a biometric 3D finger vein recognition technology in the U.S. as part of its national intellectual property strategy, the company announced. The new technology enables the reliable identification of any individual while preserving user privacy, Global ID claims.
The World Intellectual Property Organization (WIPO) granted Global ID a patent for its ‘Method and device for biometric vascular recognition and/or identification’ in 2019, protecting the intellectual property in 152 signatory countries.
Since then, Global ID says it has improved the miniaturization of its scanner in collaboration with the Swiss Center for Electronics and Microtechnology (CSEM), and developed a new contactless scanner, dubbed ‘CANDY,’ along with the Idiap Research Institute and with the support of Innossuisse. Global ID has also developed solutions for several banks in Switzerland and the European Union over the past year, according to the announcement.
Bank deployments are forecast to lead a significant increase in the adoption of vein biometrics over the coming decade leading to the market reaching a billion dollars in annual revenues.