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Novetta wins biometric tech award; Signzy, Trust Stamp and Onfido fintech contributions recognized

Ambiq CEO and CTO named EY Entrepreneur of the Year finalists
Novetta wins biometric tech award; Signzy, Trust Stamp and Onfido fintech contributions recognized
 

Novetta’s technology for capturing biometric data from fingerprint cards has won the “Best Technical Advancement” award at this year’s FedID awards.

The prize was given by the Naval Criminal Investigative Service (NCIS) Technical Services Field Office – Identity Activities Branch (TSFO-IA) for contributions to the RISER program.

The software is used to ingest biometric data from cards storing fingerprints, convert it into digital images, and run the fingerprint data against databases and watchlists to find criminals and terrorists.

RISER would now be an important part of NCIS’ security efforts, according to the agency’s Supervisory Special Agent Eric Trest.

“Over the last 18 months the processing power of RISER, developed by Novetta, has evolved through iterative development cycles of continuous innovation into a reliable, sustainable, operational capability,” he explained.

“Today, NCIS relies heavily upon RISER to accomplish our Identity Activities mission.”

The new software uses neural networks to train algorithms that recognize the layout and image placement of biometric and biographic fields on fingerprint cards.

Thanks to the latest developments, RISER has dramatically reduced the time and effort to process biometric records, increased card processing time by 3,390 percent.

According to Novetta, through RISER and collaboration with NCIS field offices, international law enforcement relationships will be strengthened and criminal information shared to increase both national and international security.

Achievements and recognition

It was a prolific first half of the month for companies in the global biometrics industry.

In India, regulatory technology startup Signzy announced its nomination among the Top 2 Indian FinTechs to qualify for Fintech100 Abu Dhabi, an important event for Middle East and North Africa companies.

Trust Stamp was selected to be part of the Dubai International Financial Centre’s FinTech Hive Accelerator Programme last week, bringing its AI-powered authentication to an ecosystem of over 30 partners including IBM and Microsoft.

Onfido has repeated as the number one company on the FinTech50 list, following its 2019 win. The company says its U.S. revenues from facial biometrics and digital identity technology grew by 264 percent in the second quarter, on a year-over-year basis.

In Austin, Texas, Ambiq Micro CEO, Fumihide Esaka, and Scott Hanson, CTO, were named as finalists for the Entrepreneur Of The Year 2020 Central Texas Award by Ernst & Young.

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