Facial recognition predicted at $ 8.5 billion in 2025, biometric payment cards explode
Signs of strength in the biometric payment card and facial recognition market are among the most read articles of the week on Biometric Update, with Idemia standing out with several wins, also involving the digital ID of France. Zwipe has made gains on two continents, while OneSpan, Onfido and Trulioo have new biometric selfie clients, and AnyVision calls for three principles to guide new rules for police use of facial recognition in the UK. No wonder the facial recognition market is expected to reach $ 8.5 billion in 2025.
Top biometric news of the week
Zwipe is supplying its biometric payment card technology to a leading global bank for a pilot project it plans to conduct in three countries, and has secured a separate commercial order for several times its second quarter revenue in preparation for the commercial deployment of cards compatible with fingerprints. in the Middle-East. The company’s biometric payment card partner, Idemia, provides its FCode for debit cards in Libya, and the CEO of Idex Biometrics sees the technology coming to the fore among retail payment methods due to the pandemic.
Idemia is also supplying its digital identity authentication technology to the French government under a new contract allowing the use of national identity cards in online transactions. The new version of the CNIe contains a highly secure chip with the wearer’s biometric data, and the registration rates for the platform underpinning the system by individuals and service providers bode well for the success of the program. .
In the United States, Idemia is bringing IdentoGo tablets to State Departments of Motor Vehicles (DMVs), starting with Kentucky, to enable remote recording of biometrics and other data for the issuance of a part. ‘identity. The biometric tablet is expected to help make services available to people in remote locations and support Idemia’s vision of “A DMV Visit for Life”.
The WHO guidelines for COVID-19 certificates are primarily aimed at continuity of care, and as such mostly avoid the thorny issues around digital identity that have caused consternation and brought together other groups of people. actors. The guide stipulates barcodes or QR codes, either on a printed document or in digital form, as well as a PKI for data sharing.
A report by BankservAfrica and PwC argues that South Africa can have a greater impact on its economy through digital identity if it becomes a government policy priority and if companies work together to develop integrated solutions. The report reviews the ID situation in the country and the different approaches it can take, and uses popular success stories on digital ID and the growth of national economies to illustrate the potential benefits available.
NIMC gets $ 61 million to invest in Nigeria’s digital identity infrastructure, which appears to include staff. The agency reportedly lost some of its talent to foreign employers, hampering the NIN registration effort, which reached 62 million people.
AnyVision has addressed comments on the UK’s proposed update to its code of practice for surveillance cameras to the Commissioner for Biometrics and Surveillance Cameras, Professor Fraser Sampson, calling for specific measures to ensure that the use of facial recognition by police is ethical. A British government committee has been warned against the use of new technologies, including predictive algorithms as well as facial recognition, by the police.
The Baltimore local ordinance regulating the use of facial recognition in the private sector went into effect this week, as Hunton Andrews Kurth’s blog Privacy & Information Security Law noted, after being passed in August. The bill bans “face surveillance” such as biometric loss prevention systems, but not access control deployments. The bill will expire in 2022, if it is not extended for five years.
Selfie biometrics for remote identity verification remains an area of growth, with new partners for Veratad and GBG, and winning clients for OneSpan, Onfido and Trulioo. Australia is testing an application with iProov technology in public beta, and investments have been closed by A.ID and WebID.
Technavio predicts that the global facial recognition market will grow 12.4% from 2021 to 2025, adding just under $ 3.8 billion in revenue, largely through online use cases. This means the market was worth nearly $ 4.8 billion last year and will reach $ 8.5 billion in five years.
Researchers from the International Committee of the Red Cross and the World Economic Forum separately weighed the lessons of the terrible risk of misuse of biometric devices and information dropped during the fall of the elected Afghan government. Better data protection technology and better consultation are at the heart of their respective suggestions.
Rob Campbell, Head of Industry and Product Marketing at Callsign, breaks down the US CFPB’s Reg E and new guidelines that make it clear that banks are supposed to minimize the risk of social engineering fraud. This puts pressure on banks to detect sophisticated attacks, and Campbell sees behavioral biometrics as an effective way to comply.
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biometric cards | biometric identification | biometrics | data protection | digital identification | digital identity | facial recognition | government services | identity verification | KYC | integration