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Advanced biometric technologies and new market entries tackle fraud, chase digital ID billions
The digital identity verification market, a massive funding round, IPO filings, a new camera solution for under-display 3D face biometrics, and expert insight into the shifting technology and fraud landscapes are among the most read stories this week on Biometric Update ... Keep reading this report

This week in review continues below. Thanks for reading.
Biometric Update Weekend Reading
Will the proposed EU AI rules become the GDPR for biometrics?
By Ján Lunter, the Founder and CEO of Innovatrics  After several high-profile cases, it’s understandable that governments would want to...
 
NIST touchless fingerprint biometrics guidance confirms interoperability
Veridium Chief Technical Officer John Callahan says the new National Institute of Standards and Technology (NIST) 500-334 is “Kind of...
Digital identity verification market forecast to reach $16.7B by 2026
Remote onboarding adoption will drive global spending on digital identity verification to $16.7 billion in 2026, according to Juniper Research,...
 
Okta CEO says total addressable identity and access management market near $80B
The identity and access management (IAM) market continues to adapt to the surge of new users and use cases prompted...
Transmit Security raises $543M to grow biometric passwordless authentication
Transmit Security has raised a whopping $543 million in Series A funding to back its efforts to replace passwords with biometric...
 
Clear IPO could raise up to $396M in hot biometrics investment market
Clear intends to raise up to $396 million, at a valuation of $2.2 billion, through its proposed initial public offering...
Intellicheck CEO on building the foundations for biometric verification and fraud protection
In the constant battle against online fraud, victory is not won by stopping all fraud. The true goal of fraud...
 
The fraudster’s new game face
By Ro Paddock, Head of Anti-Financial Crime at Fourthline The last 12 months witnessed change to every aspect of our...
Under-display camera for 3D face biometrics developed by Infineon, pmd, ArcSoft
Partners Infineon and pmdtechnologies have teamed up with ArcSoft to develop a turnkey under-display time-of-flight 3D imaging solution that could enable OEMs to...
 
Biometric selfies and forged passports: identities for sale on the dark web
With the rapid growth of personal information for sale on the dark web, Privacy Affairs has published its 2021 Dark...
Not smarting from US sanctions, SenseTime says its IPO is on again
Face biometrics giant SenseTime is again pushing forward with a planned IPO. Expected to raise as much as $2 billion...
 
Ping Identity adds behavioral biometrics and bot detection with SecuredTouch acquisition
Ping Identity has acquired SecuredTouch to add its behavioral biometrics and bot detection capabilities to provide more secure, seamless experiences for...
  NIST goes deeper into bias in biometrics
  FIDO updates UX and standards for biometric authentication
  Ambarella doubles up on resolution for imaging, AI at the edge
  Experts in TFT webinar urge smarter digital ID to combat fraud
  SME IT report finds desire to incorporate biometrics in 2021
  ‘Little progress’ at state level for EU biometric database: report
  Oxfam approves policy to use biometrics in humanitarian programs
  Ban biometrics from public spaces, EU data protection authorities recommend
  Radically oversimplified AI skin-tone tool could be out at Google
  Infinity Optics biometric hashing platform integrates ID R&D passive liveness detection
Biometrics White Papers
The dawn of end-to-end AML compliance
AML fines are rising each year as financial institutions continue to make the same compliance mistakes. Often, organizations must cobble...
 
The ABCs of eKYC
In today’s digital-first world, businesses subject to KYC requirements must find a way to create onboarding and authentication processes that...
Events and Webinars
Identify 2021
  June 29, 2021 - June 29, 2021
Identify 2021 Online June 29, 2021, 10:00 AM – 6:15 PM [BST] Identity and biometrics research, consulting and events organization...
Secure voice biometrics: deepfake speech detection and ASVspoof
  June 29, 2021 - June 29, 2021
Secure voice biometrics: deepfake speech detection and ASVspoof Online June 29, 2021 at 12:30pm CEST The European Association for Biometrics...
Machines Can See – Computer Vision and Deep Learning Summit
  July 8, 2021 - July 8, 2021
Machines Can See – Computer Vision and Deep Learning Summit Moscow (and online) July 8, 2021 – 10:00 UTC+3 The...
IFSEC International Connect 2021
  July 12, 2021 - July 14, 2021
IFSEC International Connect 2021 Online June 1 – 30, 2021 IFSEC International Connect 2021 is your first opportunity to come...
Security Exhibition & Conference 2021
  July 21, 2021 - July 23, 2021
Security Exhibition & Conference 2021 Sydney, Australia July 21 – 23, 2021 The world and the security industry have changed...
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