Data Driven Insight for Biometrics, Digital Identity & eIDs

Biometrics, Mobility, Digital Identity, ePassports, eIDs, Automated Border Control, eGates, Secure Documents...

Taming the Authentication Beast: Simplifying and Enhancing the Customer Journey with Biometrics in the Cloud

Posted: September 19th, 2017 | Author:

Financial service organizations that want to reap the benefits of the digital revolution to improve security, reduce friction, lower costs, and attract the most desirable customers, will adopt biometric authentication in the Cloud as the foundation for enhancing and securing the customer journey.

Biometrics are a global phenomenon that financial service players ignore at their peril. Acuity forecasts that by 2022, 5.6 billion biometric mobile devices will secure 1.37 trillion biometrically-enabled payment and non-payment transactions. On-device biometrics may improve the user authentication experience, but the big financial service payoff will come from Cloud-biometrics that also provide secure, reliable identity assurance.

Pushing biometrics to “the edge” of the financial service ecosystem, e.g. smartphones, simplifies authentication and reduces friction, but on-device biometrics can only link a user to a specific device,. Cloud-based, or server-side, biometrics simplify authentication and reduce friction while linking an individual to a Unique Verifiable Identity (UVI) that is device and platform independent, and provides a non-revocable user, not device-based, audit trail for each transaction.

 

Concerns about Cloud biometric data being vulnerable to theft and misuse have been sensationalized. Best practice approaches to deploy solutions purpose-built to secure biometrics, address data storage and management concerns. This includes anonymous storage, disaggregating biometrics from other Personally Identifiable Information (PII) – including templates from multiple biometric modalities – and installing anti-spoofing and presentation attack countermeasures.

Biometrics in the Cloud support continuous authentication via behavioral biometrics, and enable multifactor ’escalation,’ or step-up capabilities, that introduce biometric challenge and response protocols based on dynamic risk assessments. Cloud biometrics should therefore be viewed as more than just a means to enhance the customer journey, but as a path to creating an intelligent, identity-centric platform that addresses authentication risk across the entire financial service enterprise.

Acuity makes the case for Cloud biometrics in our latest whitepaper  Taming the Authentication Beast: Simplifying and Enhancing the Customer Journey with Biometrics in the Cloud.” Download the whitepaper at www.acuity-mi.com/CloudFS.php.


Filed under: Behavioral Biometrics, Biometrics, Disruption, Financial Services, Market Development, Market Insight, Mobile Biometrics, Mobility, Payments, Smart Devices, Smartphones | No Comments »

Mobile Biometric Market Forecast to Exceed $50.6 Billion in Annual Revenue in 2022

Posted: September 14th, 2017 | Author:

Acuity Market Intelligence released our updated forecasts for the mobile biometrics market. The potential for consumer use of mobile biometrics dwarfs any previous application of biometrics.

  • Annual revenue from biometrics embedded in mobile devices, biometric app downloads, and biometric transactions authentication are projected to grow from $6.5 billion in 2016 to $50.6 billion in 2022 reflecting a CAGR of nearly 41% with total forecast period revenues exceeding $193 billion.
  • More than 1.9 billion biometrically enabled mobile devices will be in circulation by the end of 2017. This will grow to an unprecedented 5.5 billion devices by 2022 as this massive, globally available platform remains the driving force behind worldwide biometric adoption.
  • By 2020, biometrics will be standard on 100% of the nearly 2.4 billion mobile devices sold each year.
  • By 2022, 98% of all mobile devices will be biometrically enabled generating 16.7 billion biometric app downloads and more than 1.37 trillion payment and non-payment mobile devices transactions that require some level of biometric authentication.

As the Equifax debacle and fallout goes viral on social media, and Apple once again redefines the biometrics landscape with the introduction of 3D FaceID on the iPhone, the casualties of inadequate digital security mount and drive demand for better identity solutions.

Mobile biometrics are just beginning to address the digital identity challenge. To date, biometrics have been widely adopted as a convenient PIN alternative for unlocking smartphones. By 2018, the introduction of hardened mobile biometric security and the emergence of Biometrics Identity Service Providers (BISPs) will shift market focus from on-device authentication to Cloud-based, server-side solutions that will begin to replace traditional digital identity schemes altogether.

For detailed forecasts and analysis of the mobile biometric market, preview and purchase “The Global Biometrics and Mobility Report” at www.acuity-mi.com/GBMR_Report.php


Filed under: Behavioral Biometrics, Biometrics, Disruption, Market Development, Market Forecast, Market Research, Mobile Biometrics, Mobility, Payments, Smart Devices, Smartphones | No Comments »

Two New WEBINARS available for replay: Behavioral Biometrics & Mobile Biometrics Landscape

Posted: April 28th, 2017 | Author:

Two NEW findBIOMETRICs Webinars featuring Acuity Market Intelligence Analysis are now available for replay:

Continuous Identity: Why Behavioral Biometrics Are Going Mainstream
April 26, 2017

From Revolution to Evolution: The New Mobile Biometrics Landscape
March 29, 2017


Filed under: Behavioral Biometrics, Biometrics, Market Development, Market Forecast, Market Insight, Market Research, Mobile Biometrics, Mobility, Smartphones | No Comments »

Iris ID Radio Talks Canadian Biometric Border Control With Acuity and FindBiometrics [AUDIO]

Posted: April 24th, 2017 | Author:

ORIGINALLY POSTED ON findBIOMETRICS.com

A collaboration between Iris ID and IBM recently brought iris recognition biometrics to the Canada US border crossing via the Canadian Border Services Agency’s NEXUS program. The Iris ID Radio podcast interviewed two Canadian travelers familiar with the process—including FindBiometrics president Peter O’Neill—to provide an end user perspective on the experience of border crossings enhanced with biometric self serve kiosks.

The podcast is a helpful insight into the enrollment, screening, and in-airport biometric experiences on both sides of the border. Acuity Market Intelligence principal analyst Maxine Most is also on hand to give insight into how iris biometrics will likely evolve to make our airport experience even more convenient while keeping borders safe, and O’Neill also offers insight into the global border control market.

Listen to episode to of Iris ID Radio right here:


Filed under: Airport Security, Automated Border Control, Biometrics, Market Development, Market Insight | No Comments »

National eID Market Stabilizes; More Than 3.2B Chip-Based Credentials in Circulation by 2021

Posted: March 29th, 2017 | Author:

Acuity released its latest forecasts for the global market for National Electronic ID (eID)market and it appears the market has stabilized. Global programs revenues will exceed $54 billion between 2016 to 2021 averaging about $8.8 billion annually. During the forecast period, Asia will account for more than 60% of all cards issued as the number of countries issuing National eID cards increases from 124 to 136.

Acuity projects that from 2016 to 2021, 3.2 billion chip-based National eIDs will be issued by 103 countries while 485 million National ID cards will be issued by 33 countries that integrate biometrics into non-chip based card programs.

Just as adoption of chip-based ePassports created a global platform that has driven worldwide adoption of Automated Border Control eGates and Kiosks, growth of chip-based National eID programs is creating a foundation for national, regional, and ultimately global trusted authentication infrastructures that will drive expansion of eGovernment services and integration of commercial services like banking and payments.

As the market stabilizes — though outside the forecast period, Acuity believes 2025 will be the “peak year” for National eIDs and all chip-based cards — the longer-term evolution of National eIDs will be an evolution towards mobility. Physical credentials will tie way to digital credentials stored in smartphones and other mobile devices, transforming the way identity is established, referenced, and used every day across the globe.

Get all the details in “The Global National eID Industry Report: 2017 Edition”. The report  includes 200+ charts and tables and provides comprehensive, detailed regional, and global analysis and unit and revenue forecasts for all National eID cards programs. A free preview is available.

If you are interested in details for all global National eID Programs by country, preview the “Global National eID Program Update”. This report, presented in spreadsheet format, provides detailed unit and revenue forecasts for each country National eID program from 2013 to 2020.


Filed under: Biometrics, Document Readers, eIDs, Market Development, Market Forecast, Market Insight, Market Research, National ID | No Comments »