Advanced Security Solution with Biometric Smart Card

Iris Biometric Smart Card

According to a newly released report, there are more than 1.4 billion records stolen globally in 2016. And the total number of stolen identities since 2013 has reached an incredible number of 7 billion. In an effort to provide the highest degree of assurance in identity verification, biometric technology is considered to be crucial in…

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Can users look forward to an iris embedded AR/VR device?

iris recognition AR VR

Imagine in the coming 5 or 10 years when virtual reality has gone mainstream and got iris recognition technology integrated. People can make online payment by authorizing their irises or access their PCs with a blink of an eye while wearing AR glasses or VR headsets. The solution is not only interesting and supportive but…

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Biometrics to Transform the Life of Millions Farmers

Iris recognition farmer

Biometrics has been used in various aspects of life from mobile, payment to buildings, national borders. Its benefits are undeniable which bring top security and convenience to our lives. Countries which economy is heavily dependent on agriculture are taking these advantages of biometric technology to narrow the gap, bring social and financial benefits to farmers…

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Biometric Micro ATM – A Revolution with Biometrics in Banking

Biometric micro ATM to provide a cost-effective and ultimate solution for the micro finance’s development

According to World Back, roughly 2 billion people around the world do not have access to formal sources of banking and financial services, or more than 50% of small and medium-sized businesses (SMEs) worldwide lack adequate access to credit. However, financial services to poor and rural people have many limitations including lack of security and…

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Can Multimodal Biometrics Strengthen Online Banking Security?

Multimodal biometric systems have been proven to be very effective in protecting information and resources in banking applications

In the ever changing world of technology, the banking and financial services sector has seen a tremendous shift in the way these services are now being catered to retail and corporate customers. With the millions of dollars being spent by organizations on online services, the online banking and financial services sector become a critical infrastructure…

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Key Drivers for Biometrics in Africa in The Next 5 Years

imrs - Copy

Biometric market is growing fast in Africa, especially in recent years. Current challenges such as national security threats, lack of infrastructure, large geographic area, manual processes related forgery, etc. have greatly driven the need for biometrics based electric systems in this region. In order to build a strong national security and reduce the incidences of…

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Key Drivers for Biometrics in South America in next 5 years

South America

South America is emerging as one of the key growing regions in biometric market worldwide as stated by 6Wresearch. It is estimated that South America accounts 10% of global revenue with an annual growth between 2005 and 2010 of 30% by International Biometrics Group. Countries such as Brazil, Argentina and Colombia are contributing majority of…

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Can Biometric Technology Secure the Prevalence of ATMs?

Geldautomat

Automatic teller machines (ATMs) are terminals which are installed by banks to facilitate cash withdrawal, fund transfer, balance check for customers. ATM allows the account holder to have transactions with their own accounts without the opportunity to access the entire bank’s database. The original ATM systems utilize PIN and cards to authenticate users when making the…

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Biometric payment – An evolution in payment technology

Biometric micro ATM to provide a cost-effective and ultimate solution for the micro finance’s development

The evolving of payment technologies is fueling the rise of biometrics. Biometrics is becoming more important for payments due to the ability to enhance the security of transactions. Biometric payment is a point of sale technology which uses biometric modalities to authenticate a user and authorize the online payment. Many banks around the world have…

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