The market for biometric driver’s identification is expected to grow by 25%, according to a recent market research report. Last year, the biometric driver’s identification technology market was valued at US$ 10 Bn, and this year it is forecasted to register a high-quality growth. The research predicted that North America would remain a profitable market […]
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Recently Biometric Institute has released 7 Ethical Principles of Biometrics at its annual U.S conference in Washington, D.C. These principles aim to address the lagging legislation and regulatory gaps and ensure ethical industry behavior. The biometric institute was founded in 2001. From then till now, they have been working to establish thought leadership and […]
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The government of Kenya has implemented a biometric-based national police information management system. Now each member of Kenya’s police force will be registered using robust biometric technology. Biometric technology is the most cutting-edge technology right now available in the market. This technology uses unique biometric attributes of human which are difficult to forge and helps […]
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Famous author Eric Ries once said, “If you don’t know who your customer is, you don’t know what quality is.” For business endeavors knowing your customer (KYC) is the key. Successful businesses put a great deal of effort into understanding their customer very well so that they can offer them the best service. If you […]
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Recently the Scottish government has deployed a biometric authentication technology to provide access to a range of public services. This deployment establishes username- and password free identity proofing and user verification for their “My account” feature. My account is a Scottish online public service platform. Using biometric authentication now Scottish citizens can use improved service […]
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The UN plans to issue everyone with a biometric ID by 2030. This is a part of a UN sustainable goal aimed at providing a legal identity for all. More than 1.5 billion people in the world today do not have a legal identity. This restricts them from proper government amenities and basic public services, […]
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The global healthcare biometrics market is expected to reach $2,848.3 million (USD) by the year 2021 from $1,182.6 million (USD) in 2016 at a CAGR 19.2% within the forecasted period. According to a recent report, the rise of medical healthcare insurance fraud and medical identity theft increased the demand for biometric technology in the healthcare […]
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The car rental giant Hertz recently deployed biometrics in their process to speed up the car rental process for their customer at Hartsfield-Jackson Atlanta International Airport. This will make them the first rental car company to deploy biometrics in their system. Over the years we have seen the evolution of biometrics in different sectors. It […]
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Recently CIO business review recognized M2SYS as one of the top KYC solution providers. KYC is known to be the armor of the banking industry to fight against bank fraud. Modern KYC processes utilize top-notch technologies such as AI, biometrics, social biometrics, the blockchain, and many others. M2SYS provides biometric account holders and non-account holders […]
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Recently The State Bank of Pakistan has mandated all of its banks to start verifying all of their account holders using biometric technology. The goal of this exercise is to stop money laundering in Pakistan. In the past; opening a bank account only requires the account holder’s details in printed/written form along with their id […]
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Face Recognition |
Fingerprint |
Finger vein |
Iris |
