One of this year's nominees (finalists) was Hoyos Labs who were nominated for their 1U mobile biometric authentication product. Hoyos Labs is one of a growing list of companies that are showcasing their biometric solutions at Mobile World Congress (MWC) as mobile has been a major catalyst for the rapid growth in biometric technology and its adoption by millions of consumers.
Alongside Virtual Reality (VR) technology (did you see that crazy image of Mark Zuckerberg entering the auditorium with all those people plugged into VR units?), wearables was one of the big themes of this year's MWC. We have had limited adoption of biometrics on wearables for security purposes and one consortium of technology companies wants to change that by providing a solution that offers hardware OEMs a platform for building biometric authentication in a range of wearable devices. Gemalto, Fingerprint Cards, Precise Biometrics and STMicroelectronics have partnered to introduce an end-to-end security framework for the use of fingerprint biometrics on wearable devices. The partnership will demonstrate a solution that embeds a fingerprint sensor from Fingerprint Cards, fingerprint software from Precise Biometrics and secure NFC and low-power mircocontrollers from STMicroelectronics. Gemalto is providing the UpTeq eSE , secure hardware where the user's credentials are stored, and the match-on-card application that validates the fingerprint.
The financial services market has been the fastest growing area of biometric adoption with our (Goode Intelligence) forecasts of over 120 million users in 2015. On the back of HSBCs decision to roll-out voice and fingerprint multi-modal mobile biometric authentication to its UK customers in 2016, MWC 2016 witnessed a flurry of announcements for this sector.
MasterCard is another financial services company that is planning to roll-out multi-modal mobile-based biometric authentication with the decision to deploy fingerprint and facial-recognition technology in around 14 countries. MasterCard's 'selfie pay' solution was piloted in the Netherlands in 2015 and proved to be so successful that it will be available to millions of payment customers around the globe. The aim is to offer this solution to replace MasterCard's 'SecureCode' online payment verification solution. This is an ideal solution and solves a real problem; how do you verify those transactions that need additional user verification and also make it convenient. How many people currently abandon the payment process when the SecureCode window pops up and asks you to enter your 2nd, 5th and 7th letter of your SecureCode? Touching a finger against a sensor or taking a selfie on your smartphone is miles better and should play an important role in reducing Card-Not-Present (CNP) fraud, making it easy to prove you are who you say you are.
Visa, not wanting to be outdone by its main card scheme competitor, also made announcements on biometrics at MWC including a tie-up with Morpho. Morpho has many years of experience in the high-end biometric market (identity and law enforcement) and wants to apply this experience to the consumer market. This includes the use of the MorphoWave four-finger scanner at the physical point of sale. MorphoWave can scan and match four fingerprints in under one second without any sensor contact and involves a customer waving their hands through the scanner.
This is just a selection of the activity that is happening with the convergence of mobile, wearables and biometrics at the moment. If you are a company that is involved in this exciting area of technology then please reach out to me - either through this blog or via the enquiry email address at Goode Intelligence; enquiry at goode intelligence dot com.
Thank you.
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