Cloud-based biometrics to transform financial services

Iris recognition cloud

Data breach has become one of the biggest threats for financial industry. The entire industry is rushing to invest in cybersecurity at a time when cyberattacks could cost the global economy $6 trillion a year by 2021 according to 2016 Cybercrime Report. The U.K. recently announced it’s also investing billions into technologies to defend against…

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Biometrics to boost up a cashless society

iris biometric payment

In recent decades, consumers have changed a lot on the way they make payment. Thanks to fintech proliferation, cashless transaction is gaining more momentum. According to Federal Reserve Payments Study 2016, U.S. noncash payments are estimated to have totaled over 144 billion with a value of almost $178 trillion in 2015, an increase of more…

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