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Trade Notes

Trade notes refers to significant developments in the biometrics industry. This includes corporate appointments, venture capital, funding, mergers, acquisitions, litigation and launches.

 

Smile acquires Appruve to expand identity verification footprint across Africa

With company valuations down KYC and face biometrics provider Smile Identity, with offices in Nigeria, South Africa, Kenya and London,…

 

4 biometric data privacy lawsuits not sufficient to prove corporate wrongdoing

Four lawsuits filed against Amazon under Illinois’ Biometric Information Privacy Act do not constitute a credible basis for accusations of…

 

Clear accelerates growth in travel; expands into health, social media

Clear has already seen success in the travel sector with its biometric authentication being used to streamline check-ins and security…

 

Zwipe, Fingerprint Cards looking for growth after disappointing Q1

It is another tough quarter in biometric identification and at least two publicly traded players, Fingerprint Cards and Zwipe, are…

 

Major 3D liveness revenue, customer gains for FaceTec in first quarter 2023

FaceTec says its revenue increased by 72 percent year-over-year and the company hit several milestones over the course of its…

 

Startup Stack Identity gets $4M to shine light on shadow access

A new identity and access management company reports that it has closed a $4 million seed round, an announcement notable…

 

Rebuffed on arbitration, Onfido calls it quits in BIPA lawsuit

Biometric ID verification provider Onfido is settling a suit brought by plaintiffs alleging that the company had illegally used their…

 

Sort-of IPO planned for Yubico with merger. SPACs get more attractive

Another identity authentication firm is turning to a pseudo-IPO to generate funds. Multifactor access security key firm Yubico is merging…

 

Token raises $30M to fuel growth and development of biometric authentication wearable

Token has announced a $30 million funding round to support the product development of its biometric wearable for passwordless FIDO2-compliant…

 

Thales to establish digital excellence center in Canada

Canada will be the site of Thales Group’s National Digital Excellence Centre (NDEC) and North America cybersecurity operation. The facility,…

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