Biometrics

• [New] The new research presented in the Mobile Payment Authentication: Biometrics, Regulation & Market Forecasts 2021-2025 report found that fingerprint sensors will feature on 93% of biometrically equipped smartphones by 2025.
• [New] A new study from Juniper Research, Mobile Payment Authentication: Biometrics, Regulation & Market Forecasts 2021-2025 has found that the number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020.
• [New] Threat monitoring systems allowed by AI will anticipate new threats and immediately warn administrators of data violations as the next cyber security trends 2021.
• [New] The biometric technology could allow Amazon to participate in digital ID projects that combine authentication for financial services and retail with general-purpose IDs for schools and offices.
• [New] National security officials in Taiwan have recently warned the public about the use of a popular app that could allow China's spy agencies to harvest biometric information from users.
• [New] As mentioned in PR Newswire, even though it is still early days for hearables containing biometric sensors, the market forecasts predict that over $5 bn of ear-worn products containing biosensors will be sold by 2030.
• Autonomous checkout solutions could cost one million dollars in technology expenditure per location and still require a mobile app and high-cost technology such as artificial intelligence computer vision, cameras, sensors, store renovations, and in some cases, facial recognition and biometric data.
• Over the next three years, the technologies posting the largest increases in investment will be digital twins (+164%), 3D printing (+125%), augmented reality/virtual reality, and data warehouses.
• To exploit the potential of AI, Australian industry will need between 32,000 and 161,000 new specialist AI workers in machine learning, computer vision, natural language processing and other AI technologies by 2030, the AI Roadmap says.
• Garments and footwear with integrated sensors that transmit biometric information and other datasets will reach new heights of popularity by 2030 and is set to be worth over $4bn.
• While both may be considered personal information, biometric identifying data (e.g., facial recognition) will require different safeguards than biometrically derived information (e.g., inferred data about personal preferences from eye - tracking or even BCI technologies).
• Greek police will be equipped with portable, smartphone-like devices capable of capturing biometric information to identify people while on patrol, reports The World.
• States have begun enacting laws specifically addressing the collection and safekeeping of biometric data, with more states expected to follow suit in the coming years.
• Mastercard chip terminal or point of sale (POS) terminal will be ready with the changes for payments through the fingerprint biometric payment card.
• Airlines have doubled implementations and plan to double investment for self-boarding using biometric identity documentation by 2023.
• SITA's 'Air Transport IT Insights 2020' report describes increased investment in automated passenger processing with touchless and mobile services, with 64% of airports planning to roll out biometric gates for self-boarding by 2023.
• The global biometrics market revenue is forecast to reach $54.97 billion in 2025, with next-generation identification, palm vein and behavioral biometrics experiencing significant demand.
• Samsung Card will lead the roll out in South Korea, with plans to introduce the biometric card later in 2021.
• The biometric cards will adopt a new security chipset from Samsung's System LSI Business that integrates several key discrete chips, streamlining the overall component design and enabling more efficient development.
• The growing demand for data security through behavioral biometrics solutions and the presence of leading technology providers is anticipated to drive the market growth in North America.
• The emergence of mobile and online banking globally and the rising demand to improve e-Banking security is expected to drive demand for behavioral biometrics in the BFSI segment.
• Mobile contactless payments - which have higher limits and biometric security - are the fastest growing payment method at point of sale and will account for £125bn worth of sales on the UK high street by 2024.
• Biometric technology is the focus for airport investment with 64% of airports aiming to roll out self-boarding gates using biometric and identity documentation by 2023, three times higher than figures for last year.

Last updated: 18 April 2021