1. Fintech and biometrics
Deutsche Bank, in partnership with Callsign, is trying a new security solution that will replace the need for customers to use passwords in order to access their accounts. Experts in the fintech industry have predicted that mobile and biometric authentication technology will replace PIN numbers in the next five years. Many banks agree with these predictions, and are now opting for voice & facial recognition, fingerprint and vein pattern instead of PINs.
The use of biometrics will largely protect customers against identity fraud, which has been a major security challenge for many financial services providers and their customers. Koopjesdrogisterij, a Dutch online pharmacy, is already using fingerprint authentication or facial recognition when customers make their purchases. The online store is using 1U platform of Hoyos Lab. The Center for Secure Information Technologies (CSIT) in Belfast has also partnered with Equiniti to test some of the biometric technologies that are focussed on intelligent surveillance systems.
2. Biometric trigger lock
Veri-Fire, a tech startup company, has developed a biometric trigger lock prototype which unlocks a handgun by scanning and recognizing the owner’s fingerprint or by entering a 4-figure pin.
3. Fingerprint technology
There are several fingerprint technologies that are currently undergoing different stages of development. A new study has been released by American researchers that may help forensic experts establish whether the fingerprints obtained belong to a woman or a man. Xiaomi has integrated new features in its new Android smartphone – precise biometrics and FPC 1035 (fingerprint touch sensor cards). The first smartphones with ultra-thin glass and fingerprint sensors have also already been released by SCHOTT.
4. Facial recognition
FacePro, a facial recognition technology developed by Panasonic, is being used in libraries at the New Jersey Institute of Technology. The technology can match up to 1,000 faces per second. UK researchers are set to take part in a £6M (US$9.1M) project of developing the next generation facial recognition technology. The five-year project will start in January of next year, and the researchers will work in collaboration with Home Office.
5. Identity Management
Software House has integrated Suprema biometric terminals and BioConnect identity management platform (of Entertech Systems) in its security & event management systems. The security system can be customized to meet specific needs of the user.
CrossChx, an identity management company, announced plans to expand its Identity Resolution Coalition (IRC) to two-hundred hospitals in the U.S. in order to solve issues related to patients’ identities.