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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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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Key Drivers for Biometrics in Australia in the Next 5 Years

Australia iris recognition 1

Many years ago, Australia noticeably lagged behind the leading markets like the US in their adoption of new technology. However, their embracing of technologies like DevOps, cloud technology and biometrics has made them now closer to the technology adoption rates of more mature, overseas markets in recent years. Australia has even surpassed the US and…

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3 ways biometrics are transforming your home

iris scanner smart home 2

According to Google Trends, “smart home” term has gained more than 300% search popularity over the past 2 years. It’s no wonder that smart home is capturing headlines and mindshare with its huge futuristic possibilities. Gartner predicts that by 2020, fully mature smart home could include up to 500 connected devices. Along with such high…

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Key drivers for biometrics in Europe in the next 5 years

iris recognition border control 2

Although North America and Asia-Pacific are dominating the global biometric market, Europe is moving fast forward in terms of biometric adoption thanks to government’s high investment in building security systems and the growing acceptance of European consumers towards this authentication method. Recently in October, the European Council has approved the establishment of an Entry-Exit System…

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Iris Biometrics to Tighten the Prison Management

Many prisons have installed iris biometric recognition in order to improve the efficiency of correction specialists and the jail security

As the increasing of crime rate, jail or prison management is playing a significant role in public safety. With hundred thousands of incarcerated offenders in one place, it is both a critical and constant challenge to keep track of inmates, especially as they move from one part of the facility to another throughout the day….

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