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Digital identity verification technology provider Mitek, explores how the issue of biometric bias impacts the transgender and LGBTQ+ community and why facial recognition isn’t always the only answer. Facial recognition software is a booming industry, with a market size that’s expected to grow from an estimated value of USD 3.8 billion in 2020 to USD
Recent technology advances have proven to be a double-edged sword. AI algorithms help with everything from cancer screenings to wildlife conservation. Yet, the same tools that enable positive life-changing experiences can also provide fraudsters new tools and capabilities. For example, the methods used for identity theft are becoming increasingly sophisticated. Malicious actors can combine personally
Building biometric identity systems for anyone The rapid emergence of biometric solutions has led to the improved security and usability of countless digital devices. A quick glance at a smartphone with facial recognition can unlock it and using voice recognition can make accessing telephone banking simpler than ever before. Despite these advancements, not all people have
The Future Identity festival will take to the stage at The Brewery, London, on November 15th & 16th. In preparation for the event we caught up with Aarti Samani, SVP Product & Marketing at festival sponsor, iProov. We chatted about why in today’s world every adult who wants to transact online will need to engage
Fighting money laundering with face biometric verification The Financial Conduct Authority (FCA) wrote an open letter in May 2021, to retail banking chief executives in the UK. It raised concerns surrounding weak financial crime controls and anti-money laundering (AML) compliance in the sector. UK retail banks were mandated to analyze, identify, and resolve issues around “common control
Like virtually all parts of the economy, the education sector has undergone dramatic changes since the emergence of COVID. In-person teaching virtually disappeared, with online learning taking its place across the world. As schools, universities and colleges continue to put the health and welfare of students at the forefront, a blended learning approach is expected to remain popular. By utilising biometrics
Virtually every industry has seen the global pandemic transform how they do business. Nowhere is this more evident than in healthcare. The emergence of COVID quickly led to in-person medical appointments moving to online video consultations, and all manner of routine healthcare needs migrating to digital platforms. A great deal of focus has been placed
Your weekly resource for noteworthy news, fascinating features, and fintech titbits that caught our eye. Whether you live by your Twitter lists, save your Google Alerts or simply scroll through LinkedIn for insights and commentary – there is a wealth of content that weaves a global story around fintech. Our job at Fintech Talents is
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