Biometric Innovations and Growing Startups Come with Big Money Rumors and Controversies
The prospect of a high-stakes deal involving Idemia and potentially Thales has piqued the curiosity of many readers this week, while the reaction to ID.me’s facial biometrics deal with the IRS illustrates the vagaries of the territory. Liminal sees a market that could be worth more than $266 billion in five years in reusable digital identity, and as they grow that market, Tech5’s consideration of advances in contactless fingerprint technology and R&D on identifying presentation attack detection were some of the most read news. of the week. Startups Global ID and IndyKite moved forward with a vein recognition patent granted and a product launch accompanied by an $8 million funding round, respectively.
Top biometric news of the week
A deal rumor that could rock the biometrics industry is the week’s most-read story on Biometric update This week, sources told Reuters that Idemia could be broken up and sold by parents Advent and Bpifrance, with some possibly even going to former rival Thales. Idemia could bring in between $3.4 billion and $4.6 billion, according to estimates.
The current state of the art in contactless fingerprint biometrics and the prospects for widespread adoption of the modality are explored in a Tech5 sponsored article. CTO Rahul Parthe sees the power and ubiquity of mobile phones enabling governments and others to use remote, unsupervised contactless biometrics with software like Tech5’s AirSnap line to reach more people at a lower cost.
Without a moratorium on mass biometric and behavioral surveillance to block wide-ranging exemptions, the EU risks the very kind of reversion to totalitarianism that the European Convention on Human Rights was meant to prevent, according to a report by the Greens/ European Free Alliance. The paper also claims that biometrics research focuses on predicting behavior.
The Women in Identity report on identity exclusion, intended to be the first part of a code of conduct for the digital identity industry, has been launched. Louise Maynard Atem, who leads research for the organization, says Biometric update in an interview how companies can put the report to use in their digital ID projects.
A U.S. patent for 3D vein pattern recognition and biometric identification has been granted to Global ID, and portends the company’s entry into the U.S. market in 2022. The method involves a series of vein images and false detection depending on their orientation.
IndyKite has launched its decentralized digital identity and enterprise granular authorization service, as well as an open source digital ID wallet. The company also raised an additional $8 million in seed funding to expand the company’s 60-person team and continue platform and core product development.
Reusable digital identity is already a $32.8 billion market and could reach $266.5 billion by 2027, according to a Liminal report, driven by demand for interoperable credentials to streamline customer experiences from onboarding. The opinion sees public-private partnerships leading to comprehensive digital ID ecosystems.
New research from ID R&D shows how far ahead human examiner automated systems are in detecting biometric spoofing attacks. People made far more false negative and false positive matches than the company’s system and took over four seconds longer per frame. ID R&D will host a research webinar in partnership with Biometric update February 22.
Spoofing detection technology helps ID R&D manager Konstantin Simonchik avoid romantic disappointments in a promotional video showcasing a potential new use case for those who can’t always rely on liveliness from strangers.
Three different organizations named new CEOs this week, with Patrick Höijer taking over as head of Precise Biometrics, Paul Trulove joining SecureAuth and Joshua Allen taking on the role of Trust Stamp’s subsidiaries in Malta and Rwanda.
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