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

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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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Growing Demand for Biometrics in POS System Market

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Point of sale (POS) system is playing an important role in retail industry by helping business avoid manual errors, better manage inventory, customers, merchandising and marketing campaign. With the advancing technology developments that enable POS system to be more secured and convenient, the demand and adoption of POS is expected to witness a significant growth…

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Biometrics to Enhance Security of Crypto Exchanges

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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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Biometrics to Help Fight against Poverty in Africa

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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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Will Biometrics and Blockchain Be the Future of Identity Management?

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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 Europe in the next 5 years

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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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Top 3 Biometric Lessons from Indian National ID Program

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In spite of facing many issues while implementing its ambitious biometric national ID program, India has managed to enroll over 1.18 billion people and deployed a numerous of public and private applications which brought equality to unprivileged residents and helped Indian government save $9 billion so far (Nov 2017), says Nandan Nilekani, former UIDAI Chairman….

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Biometric Revolution in Retail Business

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Online shopping has given opportunities for retailers to identify, understand and engage customers as they go through the process of product purchasing. The analytics can provide not only customers’ personal information but also insights what they’ve browsed for, how long they’ve spent clicking around, and which items they’ve put into their basket. However, for in-store…

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