Episode 73 – Fintech South, Boot Camp, and Biometric Authentication – Andrew Gowasack, TrustStamp
On The Web
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“The public interest litigations (PILs) filed before the Supreme Court against compulsory linking of Aadhaar to bank accounts raise issues about the right to privacy, concerns of being treated on par with money launderers, and the right to be not deprived of property as a result of blocking of bank accounts. “
Facebook acquires biometric ID verification startup Confirm.io
“The startup offered an API that let other companies quickly verify someone’s government-issued identification card, like a driver’s license, was authentic. The Boston-based startup will shut down as both its team and technology are rolled into Facebook, where it could help users who are locked out of their accounts.”
Alibaba Invests in Chinese Facial-Recognition Startup
“The funding values Beijing-based SenseTime at more than $4.5 billion, according to a person familiar with the company. It also underscores Alibaba’s move into businesses that use artificial intelligence, the technology that underpins facial recognition. Alibaba affiliate Ant Financial Services Group has developed a mobile-payment system based on facial recognition, and Alibaba is also using AI […]
Chinese man caught by facial recognition at pop concert
“This is not the first time Chinese police have used facial recognition systems to catch suspects. In August last year, police in Shandong province arrested 25 suspects using a facial recognition system that was set up at the Qingdao International Beer Festival. China is a world leader in facial recognition technology and regularly reminds its citizens […]
Viewpoint: The pitfalls of India’s biometric ID scheme
“More than a billion Indians now have the biometric-based 12-digit personal identification number called Aadhaar, which means foundation in Hindi. What started as a voluntary programme to tackle benefit fraud has now grown into the world’s most ambitious, and controversial, digital identity programme. Mishi Choudhary writes on why most advanced countries are not adopting similar […]
Zwipe, Gemalto, areeba create Visa’s First Biometric Payment Card in the Middle East
“Gemalto has partnered up with biometric technology company Zwipe and the Middle Eastern financial and payment technology company areeba, along with Unilux Cards on Visa’s first battery-less dual interface biometric payment card in the Middle East.”
On The Wires
nbsp;Pay with the touch of a finger
“Nets, the digital payments specialist, has launched testing of finger vein payments in Denmark. Now, students and visitors at Copenhagen Business School (CBS) can leave their cash, cards and smartphones behind and buy lunch using just their finger. Paying with your finger is a new, faster and safer way of making payments that works by […]
AT&T, Sprint, T-Mobile and Verizon unveil next-generation mobile authentication platform details
“This highly secure solution will deliver a cryptographically verified phone number and profile data for users of authorized applications with their consent. Authentication security is strengthened by processing unique attributes such as a network verified mobile number, IP address, SIM card attributes, phone number tenure, phone account type and more. In addition, advanced analytics and […]