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Biometric options expanding as KYC compliance cost reaches €50M a year
According to new research, digitizing identity verification with biometrics and other technologies could save a typical bank €10 million a year. The cost of KYC compliance for banks as risen to €50 million a year with rising fines, while customer abandonment could also cost banks €150 million in the next five years ... Read the whole story here.

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Daily Biometrics News
DHS S&T Biometric Technology Rally results suggest face best for fast processing
Four matching systems produced 100 percent true identification rates on the same acquisition system during the Biometric Technology Rally held...
 
Panasonic to supply biometric ABC gates for Japan airports as FTE Global 2019 kicks off
Panasonic Corporation is providing more of its biometric facial recognition gates to new airports in Japan for use in new...
Amazon trialing biometric hand geometry payment, Ring may be developing facial recognition
Ring Ukraine is developing facial recognition technology, although the Amazon-owned Ring does not currently use it, BuzzFeed News reports. The...
 
South Wales police win facial recognition legal challenge as King’s Cross plans halted
The use of biometric facial recognition by South Wales police interferes with the privacy rights of those scanned, but is...
Brazilian consumer rights watchdog vetoes facial recognition tech
Brazilian consumer rights watchdog Idec has castigated the intended use of biometric technology in the social security system, and pushed...
 
HooYu ID to optimize Betfred KYC procedures through facial biometrics
Online sports betting service Betfred has signed a partnership with HooYu to leverage biometric facial recognition and other verification methods...
NICE Actimize integrates BehavioSec behavioral biometrics to fight fraud
BehavioSec has added its behavioral biometric technology to the NICE Actimize X-Sight Marketplace, enabling customers of the platform-as-a-service to use...
 
Suprema ID’s BioMini Slim 3 scanner receives FBI PIV/FAP30 certification
The Suprema ID FAP30 optical fingerprint authentication scanner BioMini Slim 3 has received FBI PIV and Mobile ID FAP30 certification,...
State Department seeks info on biometric solution for ID vetting overseas
A “Multimodal Biometric Solution” to perform multimodal biometric collection and identification using fingerprints, iris, and facial recognition in support of...
 
Facebook eliminates one biometric facial recognition feature and expands another
The facial recognition-based tag suggestion feature has been discontinued by Facebook, while the face recognition feature which alerts users when...
India launches crowd-sourced election roll update
The Indian Election Commission’s crowd-sourced electoral roll update, the Electors Verification Programme (EVP), has launched across the country, with the...
 
Apple patents smart watch band with wrist biometric sensors
The next Apple Watch may come with wrist biometric sensors, after the U.S. Patent and Trademark Office awarded Apple 62...
 
 
 
 
 
 
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