Speed Read

North America to Account for 30% of the Global Contactless Biometrics Market (PRNewsWire, Jan 12, 2022)
A Market Research and Competitive Intelligence Provider: The global contactless biometrics market is expected to increase at a CAGR of 16.4 percent from 2022 to 2032, from USD 17.1 billion in 2022 to USD 78.6 billion in 2032. Face recognition is improved when artificial intelligence and biometric methods are combined. As a result, the demand for such capability in determining most notable attributes such as gender, ethnicity, facial hair, and glasses to propel the contactless biometrics market growth at a rate of 4.5X between 2022 and 2032.

Reese Witherspoon Tweeted About ‘Parallel Digital Identity’ (The Bharat Express News, Jan 12, 2022)

Actress Reese Witherspoon has sparked jokes online after sharing a prediction of what the real-life Metaverse might look like and what having a ‘parallel digital identity’ might mean for people there exist. According to the ‘Legally Blonde’ star, “every person” would exist digitally and buy “digital goods” via cryptocurrency – and that would be the new “norm” for the future. “In the (near) future, every person will have a parallel digital identity,” she tweeted. “Avatar, crypto wallets, digital assets will be the norm. Do you foresee this? “


Merit Grabs $50M Series B to Expand Digital Credentials Platform (Yahoo! Finance, Jan 12, 2022)

When we think about identity in the digital world, it usually involves a username and password, but Merit (originally called Sigma) wants to help governments issue digital credentials that link back to a government license database with the goal of bringing an end to flimsy paper cards. Today the company announced a hefty $50 million Series B. Rose Park Advisors led the round with participation from prior investors a16z, Bow Capital and Govtech Fund, along with new investors Experian Ventures, Spike Ventures, InState Capital, Collier Fund, Metaplanet Holdings and other individual investors. Merit has now raised $80 million, according to the company.


Emerging Biometric Technologies Market is Going to Boom | 3M Cogent, Cross Match Technologies, NEC (Digital Journal, Jan 12, 2022)
Latest Study on Industrial Growth of Global Emerging Biometric Technologies Market 2021-2027. A detailed study accumulated to offer Latest insights about acute features of the Emerging Biometric Technologies market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

Nixu Managed Identity And Access Management Service Enables A National Authentication Service For Finland (AITHORITY, Jan 12, 2022)
To promote the national initiative, Nixu, together with Yleisradio, Alma Media and Digital Living International, established Finland’s Authentication Cooperative (Suomen Tunnistautumisosuuskunta). Originally, the project was known as SisuID. The new digital authentication service will provide commercial global authentication services with a national cost-effective alternative that respects customer relationship and privacy. With the cooperative model, the service can be developed in cooperation with companies across industries and market needs.

9 Ways That Cybersecurity May Change In 2022 (Tech Republic, Jan 12, 2022)
The dramatic rise in ransomware and other cyberattacks over the past year has finally driven home the point that cybersecurity needs to be taken much more seriously. Amid initiatives by the U.S. government and other parties, there's a growing global awareness of the need to focus on security to combat attacks that threaten vital areas of society. How might this renewed focus on security start to play out in 2022? Ping Identity CEO and founder Andre Durand offers his take with nine cybersecurity predictions for the new year.

Trulioo Strengthens Identity Verification Services in Ireland (HelpNetSecurity , Jan 12, 2022)

With GlobalGateway, organizations can securely access over 450 data types to perform identity checks on consumers that adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The expanded identity services include a host of data sets unique to Ireland that provide deeper visibility into a market that’s difficult to address and penetrate. The enhanced coverage will enable organizations to reliably verify attributes like age, identity and address within the parameters of data privacy laws like the General Data Protection Regulation (GDPR).


Identity Week America, October 4 -5, 2022 (Terrapin, Jan 12, 2022)
IDENTITY WEEK is the most important identity event in the USA. IDENTITY WEEK is a conference and exhibition bringing together the brightest minds in the identity sector to promote innovation, new thinking, and more effective identity solutions. Key areas of focus include secure physical credentials, digital identity, and advanced authentication technologies, such as biometrics.


Copyright © 2022 by the International Biometrics & Identity Association (IBIA)