Biometrics to Enhance Security of Crypto Exchanges

crypto exchange Copy

A large amount of cryptocurrency exchanges are kept being hacked in recent years. According to experts, cyber security is its Achilles’ heel. Biometrics with its uniqueness is believed to provide a stronger user authentication and help trace hacker identity. The enormous amount of trading money on crypto exchanges and the anonymous nature of trades have…

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Biometrics Is Driving Big Changes in Anti-Money Laundering Activities

Iris scan money launder 2

Anti-money laundering (AML) remains a significant challenge for banks and financial institutions globally. As biometric technology becomes more reliable, affordable and innovative, it is driving remarkable changes on how regulators and institutions are combating with money laundering and terrorism financing (CTF). According to United Nations Office on Drugs and Crime (UNODC), the estimated amount of…

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Biometrics to Help Fight against Poverty in Africa

iris scan pension Africa 1

There’s growing trend of deploying biometrics to distribute stipends or pension to the elderly in Africa in recent years. This is African government efforts to build an effective identification scheme in order to fight poverty in the region. According to the Centre for Global Development (CGD), the absence of proper identification tools inhibits citizens’ access…

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Top Myths about Iris Recognition You Might Misunderstand

iris recognition myth

Iris recognition is considered fairly new in biometric authentication compared to fingerprint but it’s more inclusive in enrollment and more precise for authentication, with a better tradeoff curve between errors of acceptance and rejection, according to POC test carried out by the Unique Identification Authority of India (1). In a pilot test done in Malawi…

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Iris Recognition ID card To Win over Counterfeit Driver License

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Synthetic identity is on exponential growing trend in many countries especially North America. CBC reported in 2014 that thousands of driver’s licenses with fake names were costing Canadians up to a billion dollars a year. By 2017, synthetic ID fraud has been a top major threat that accounts for 80 to 85% of all identity…

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Biometric Handheld Device as a Key Factor in Law Enforcement

biometric law enforcement

According to United Nations, there are over 232 million people now live outside of their original country; this equates to 3.2% of the global population. More people are on the move than at any time in human history due to easier and cheaper international travel. The number of immigrants and refugees are also increasing each…

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Biometrics to Enable African Healthcare System Leapfrog

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There has been an increasing adoption of digital technology by African governments to improve the healthcare system where biometrics plays a major role in the identification of individuals and securing patients information. For a long time, the system has become overload with bulky paper-based management which led to many consequences. South Africa-based Chris Hani Baragwanath…

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You Think Your Cryptocurrency Wallets Are Safe? Think Again!

Biometric Bitcoin Wallet 2

Cryptocurrency wallets are like the leather wallets some of us still use in real life for carrying cash and a series of credit cards. But there are other things that a cryptocurrency wallet can do, for instance storing hundreds of digital currencies without worrying about ever running out of space, checking balance and keeping tracks…

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IriTech’s Iris Recognition to Secure Refugee’s Identities

UNHCR Thailand Refugee Iris recognition

The UN Refugee Agency (UNHCR) with its primary mission to protect the rights of the refugees has been rolling out a breakthrough Biometric Identity Management system (BIMS) to ensure that the right people receive assistance wherever and whenever they need it. IriTech is proud to be part of this project providing iris scanner since the…

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Will Biometrics and Blockchain Be the Future of Identity Management?

iris recognition blockchain identity 1

Biometrics has proven to be a one of the most important technologies nowadays for identity management. However, with its increasing adoption in large-scale projects like national security and banking, there’s a growing concern over the vulnerability of the system that the information can be leaked or used by a third party without the awareness of…

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