Biometrics: An Emerging Initiative against Child Trafficking

Iris biometric child trafficking

Among 45.8 million victims of human trafficking globally in 2016, 75% are women and girls and 25% of them are children. According to the United Nations, human trafficking generates $150 billion a year, making it the third most profitable criminal activity in the world, behind drug and arms. Children living in rural areas are particularly…

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The role of biometrics in healthcare digital transformation

Iris biometric healthcare

Technology is changing every industry in significant ways and healthcare digital transformation is surely an inevitable trend. It’s expected that digital healthcare spending could reach US$206 billion worldwide by 2020, according to Statista. Biometrics is joining the hype in providing patient identification and employee access control solutions. In developed countries, biometric system tackles the chronic…

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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

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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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Iris Recognition ID card To Win over Counterfeit Driver License

iris recognition ID card 2

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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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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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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e-KYC Is Growing Significantly in India

eKYC | Iris Biometric

The Indian authorities are reminding their efforts made in the field of new technologies and in the implementation of a number of projects, such as “make in India”, “India skill”, “Digital India” recently launched to make India more competitive. The Unique Identification Authority of India (UIDAI) is a central government agency. Its aim is to collect…

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Biometrics to Fuel A More “Cashless Society” in India

Digital Payment | Iris Biometric

India represents one of the largest market opportunities for payments, according to Bloomberg Technology. With a population of over 1.25 million eager to partake in rapidly evolving advancements in technology, India as well as “Brahat”, is poised to make the most of digital development transforming the payment space. In the past, India was known as…

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Biometrics to Fule FinTech Growth in EU in The Next Decade

Fintech Europe | Iris Biometric

Global investment in FinTech ventures in the first quarter 2016 reached $5.3 billion, a 67% increase over the same period last year, and the percentage of investments going to FinTech companies in Europe and Asia-Pacific nearly doubled to 62%, stated in a report by Accenture. In Europe, overall FinTech investment more than doubled (120%) between…

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