Data Driven Insight for Biometrics, Digital Identity & eIDs

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

Biometric Musings from @Money2020

Posted: October 24th, 2018 | Author:

Biometrics are Mainstream in the Exhibition Hall, But Attendees Have a Limited Understanding

While it was a given in the exhibition hall, that biometrics are an integral part of digital transaction security in the financial services realm, the solutions offered are still far ahead of the customers’ per

ceived needs and in many cases, basic understanding. In a world where digitally-based fraud is exploding, the lack of urgency around implementing truly “human” identity-centric solutions in the broader financial services community remains disaapointing and somewhat unsettling.

The level of questions posed to the two extremely well attended biometric panel sessions on Sunday afternoon clearly indicated that while biometric market interest is soaring, market education remains a key consideration for the industry. Even in the sophisticated world of fintech, where there seems to be a new conference every week, the overall understanding of what a biometric is, how it works, what the real and distorted data management and privacy issues are, and how to differentiate between on-device and cloud-based solutions remains elusive to far too many.

“Frictionless” Customer Experience is the Holy Grail! (NOT)
Biometrics were near universally heralded in the Exhibit Hall and many panel sessions as a key enabler of the “frictionless” customer experience – the apparent aim of nearly every vendor and financial services provider at Money2020.  However, upon reflection as part of a deeper and more complex conversation about risk-based models, desired levels of customer feedback, and differentiating between identification and verification and on-device and cloud, most players admit that eliminating ALL friction is not really the goal. In fact, the real gaol is to determine and apply “the appropriate level of friction” based on the type of transaction, the value, and the risk involved.

It was easy for me to question my way with vendors hawking their “frictionless” wares to arrive at a clear understanding of what they actually meant. The typical conference attendee, however, would likely not have been able to make these distinctions and would be left with, at best, a misguided understanding of the true role for, and power of, biometrics.  Again, even though it will make industry insider heads explode, I have just three things to say about this state of affairs: “Market Education, Market Education, and Market Education!”

Big Banks Are Slow Movers while Mid-level Banks are Not Convinced they have a Problem Biometrics Can Solve

Large banks and financial services organizations seem to clearly recognize they have a fraud and related identity problem that biometrics can help address. They appear committed to change, but incremental change that does not dramatically impact the overall market infrastructure, their position in it, or their existing physical and digital infrastrucure.

Meanwhile, mid-level banks that are structurally more flexible and therefore able to incorporate biometric-based identity solutions more easily and reap genuine rewards, remain skeptical. It is not clear if this is just typical financial services resistance to change, the inability to recognize the depth of the challenge they face, or just overwhelm in the face of technology that they are unfamiliar with.

It took forty years for ATMs to become mainstream – likely for similar sets of institutiaonl reasons. Unfortunately, established financial services organizations – large and small – don’t have the luxury of waiting forty years for the fintech revolution to take hold. Innovation is spreading across developing economies where urgency is high and barriers to adoption are either low or simply do not exist.  In many of these locations biometric-based solutions are enabling the secure delivery of financial services to those previously unable to access them – the worlds’ more than 2 billon unbanked.  These markets are living laboratories for biometric solutions that may very well radically reshape the global financial services market and potentially disrupt the existing major players out of their positions of dominance, or even existence.

Even as GDPR and PSD2 secure and reshape the European financial services ecosystem opening the door for digital innovation, the United States market, where many global leaders are based, seems ill prepared for the level of transformation and associated disruption that is happening now in the financial services realm.

Time for a New Name!

When this innovative event – the Granddaddy of fintech conferences – was launched in 2012, 2020 seemed a lifetime away. Given the pace of technology evolution, an eight year window for transformation seem appropriate. Now with four global events on three continents, the still nascent state of the burgeoning fintech market, and the end of the decade upon us, perhaps it is time for a rebranding? Money2030 here we come ….

#biometric #biometrics #payments #mobile #mobility #money #mobilebiometrics

Related Content

Acuity makes the case for Cloud biometrics in “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.

Biometric transaction forecasts and analysis of the mobile biometric market are available in Acuity’s “The Global Biometrics and Mobility Report” at www.acuity-mi.com/GBMR_Report.php

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C. Maxine Most is the Principal and Founder of Acuity Market Intelligence (http://www.acuity-mi.com), an emerging technology strategy and research consultancy with a proven record of accurately anticipating biometric and digital identity market trends. Follow Maxine on twitter @cmaxmost.

Contact: Acuity Market Intelligence +1 303 449 1897, [email protected]


Filed under: Biometrics, Disruption, Fintech, Market Development, Market Insight, Mobile Biometrics, Payments | No Comments »

Biometrics Beyond Border Control

Posted: October 18th, 2018 | Author:

Recent Airport Facial Recognition Initiatives in Asia, North America, and Europe Reflect the Acceleration of Biometrics Beyond Border Control.

Over the past three days Atlanta’s Hartsfield Jackson, London’s Heathrow, and Shanghai’s Hongqiao airports announced biometric facial recognition deployments aimed at improving the passenger experience while expediting the passenger journey.

These announcements substantiate Acuity Market Intelligence forecasts projecting the global market for “Curb to Gate” Biometric Airport Automation will generate $1.3 billion in revenue over the next five years as more than 16,300 eGates and kiosks are deployed for automated check-in, auto bag drop, passport control, security checkpoints, and boarding by 2022.

“Biometrics in the airport is no longer just about border control. As global digital transformation creates expectations for frictionless experience, adoption of biometric automation at airports is moving beyond secure, facilitation towards enhanced passenger journeys. The age of seamless travel is here.”

The ultimate 21st century “holy grail” for immigration and passenger facilitation is to provide a truly seamless and virtually unnoticeable airport experience. An experience that increases passenger capacity and throughput while freeing travelers to enjoy leisure activities — shopping, eating, drinking, etc., — and freeing security personnel and border control authorities from resource intensive routine screenings to focus on identifying and evaluating authentic security threats.

This process is well underway as Airlines and airports across the globe are coordinate with Immigration and Border Control Agencies to create biometric-based passenger self-service options that save time, reduce the hassle of check-in, bag drop, security, passport control, and boarding, enhancing the entire airport experience.

Acuity’s latest research – The Airport Automated Biometric Facilitation Report: From Curb to Gate – reveals that more than 5,500 Automated Border Control (ABC) eGates, ABC Kiosks, Automated Passport Control (APC) Kiosks, Automated Immigration Check-in (AIC) Kiosks, Auto Bag Drop (ABD) units, and Automated Boarding (AIB) eGates are currently deployed at more than 300 locations in more than 80 countries. The number of Automated Biometric Facilitation units is expected to triple by 2022 with expansion to dozens of additional airports.

Europe will continue to dominate the Automated Biometric Facilitation market during the 2018 to 2022 forecast period, accounting for nearly 30% of total units deployed and generating more than 34% of all revenues. However, Acuity expects rapid growth in Asia to shift market dynamics to near total Asian market domination by 2028 or 2030.

The Airport Automated Biometric Facilitation Report: From Curb to Gate” provides unit and revenue forecasts for biometric eGates and kiosks from 2018 to 2022 and can be previewed and purchased at the Acuity website.

Acuity also offers the ABC eGate Deployment List and APC Kiosk DeploymentList. Both are offered in spreadsheet format and provide details about each known deployment including location, units, owners, biometrics modality, registration and credential requirements, and vendors. The scoresheet also include a vendor market share analysis.

For a regular dose of biometrics market insight and analysis, follow me on twitter @cmaxmost.


Filed under: Airport Security, Automated Border Control, Biometric Facilitation, Biometrics, border control, Market Forecast, Market Insight, Market Research | No Comments »

Automated Biometric Facilitation Continues to Accelerate!

Posted: September 21st, 2018 | Author:

Two announcements in the last two days, confirm Acuity’s recent research findings that the Automated Border Control Market is evolving from a single-point solution market focused on alleviating chokepoint traffic to an integrated Automated Biometric Facilitation Market designed to simplify and expedite passenger processing from “curb to gate”.

These announcements follow an increasingly rapid string of deployments and commitments by major international airports to adopt Automated Biometric Facilitation in India, and at Honk Kong International airport, as well as Orlando’s commitment to be the first U.S. airport to achieve 100% Biometric Exit implementation.

Acuity’s latest research  – The Airport Automated Biometric Facilitation Report: From Curb to Gate – evaluates the global airport market for Automated Biometric Facilitation from 2018 to 2022. This rapidly evolving market will generate more than $1.3 billion dollars in revenue between 2018 and 2022. Even so, by the end of 2020 just 17% of the Total Addressable Market (TAM) of nearly 100,000 check-in, auto bag drop, and border control, security checkpoint and boarding kiosks and eGates will be deployed.

 

Europe will continue to be the unquestionable revenue leader throughout the forecast period with revenues for Automated Biometric Facilitation solutions growing at a healthy 18.4% CAGR. Europe’s annual revenues more than doubles from 2018 to 2020 accounting for more than 30% of global forecast period revenue as well as total units deployed. However, given the projected growth of airport infrastructure and air passenger numbers in Asia, these market dynamics will shift significantly by 2030.

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Preview Acuity Market Intelligence’s latest market research into the rapidly evolving world of Airport Automated Biometric Facilitation  – The Airport Automated Biometric Facilitation Report: From Curb to Gate  – delivered with Acuity’s typical candid, hype-free, data-driven insight 

This comprehensive, data rich report includes 200 tables and charts representing a wealth of previously unpublished critical data and statistics on the global Airport Automated Biometric Facilitation marketplace:

  • Coverage of 6 critical Automated Biometric Facilitation Solution Types including ABC eGates, ABC Kiosks, Automated Passport Control (APC) Kiosks, Automated Immigration Check-in (AIC) Kiosks, Automated Immigration Boarding (AIB) eGates, and Automated Bag Drop (ABD) Units .
  • Unit and Revenue forecasts Gobally, by Region, and by Solution Type.
  • Regional Analysis with detailed forecasts of eGate and Kiosk unit volumes and revenues by Solution Type.

Acuity also provides detailed Deployment List for ABC eGates and APC Kiosks . Each provides details for all known deployments including location, units, biometrics, registration requires, owners, vendors, and vendor market share analysis.

 


Filed under: Airport Security, Automated Border Control, Biometrics, border control, Data Driven Analysis, Market Forecast, Market Research | Tags: , , , , , | No Comments »

The Age of Seamless International Travel is Imminent

Posted: February 25th, 2018 | Author:

Biometric Border Innovation Spreads Across the Globe; 4800+ Automated Border Control eGates and Passport Control Kiosks Deployed in 73 Countries

According to Acuity Market Intelligence’s latest research updates, the age of seamless international travel is imminent with more than 4800 Automated Border Control (ABC) eGates and Automated Passport Control (APC) Kiosks are now deployed in 73 countries worldwide. This represents a total of 223 biometric ABC eGate and APC Kiosk deployments across six continents.

The global footprint for biometric-based border automation is expanding as ABC eGates and APC Kiosks have become mainstream and air, land, and sea ports look to increase reliance on these highly successful traveler facilitation solutions.

More than 2500 ABC eGates currently operate at 188 ports in 65 countries, Asia is home to more than 38% of all eGates followed by Europe with 37% of total units worldwide. Acuity expects a modest 10% installed base CAGR for ABC eGates over the next five years. However, many eGates will be upgraded and replaced so annual units deployed will likely be close to 20% of the installed base.

The number of Automated Passport Control (APC) Kiosks nearly doubled between 2015 and 2017 from 1243 to 2300. The Installed base is expected to nearly double again by 2020. Deployments are growing in the US and the Caribbean, Canada is substantially expanding its current program with next generation kiosks while phasing out existing units, and the APC Kiosk approach is now taking hold in Europe and the Middle East.

The next major wave of biometric border automation – currently in its infancy – includes integrating biometric check-in, bag drop, and boarding with passport control. Acuity will provide forecasts for these emerging solutions in the 2018 edition of The Global Automated Border Control Industry Report (http://www.acuity-mi.com/ABCair_Report.php) available this Spring.

In the meantime, get the details in the updated ABC eGate Deployment List (http://www.acuity-mi.com/eGatedep.php) and the APC Kiosk Deployment List (http://www.acuity-mi.com/APCdep.php) Each provides details for all known deployments including location, units, biometrics, registration requires, owners, vendors, and vendor market share analysis


Filed under: Airport Security, Automated Border Control, Biometrics, border control, ePassports, Market Development, Market Forecast, Market Insight, Market Research | No Comments »

Automated Border Control Kiosks Reach 71 Installations at 59 International Airports and Cruise Terminals

Posted: December 15th, 2017 | Author:

Border authorities have embraced digital identification and biometric-based automation to simplify and accelerate border control processing. Acuity’s latest report on border control kiosks reveals that 71 installations deploying 2283 border control kiosks are active at 59 ports of entry across the globe. These include Automated Border Control (ABC) Kiosks, Automated Passport Control (APC) Kiosks, and Primary Inspection Kiosks (PIK).

As airports and other ports of entry struggle to keep up with increasing volumes of global travelers, automation is the only solution for border control. Integrated digital Identification technology, including document readers and biometrics, allow border agents to securely facilitate low risk international travelers while focusing expensive, high value human resources on genuine threats.

The number of border control kiosks increased more than 60% over last year with CAGR projected to exceed 20% for the next 3 years. The US and Canada dominate the market landscape with 60% and 35% of all border control kiosks deployed. Though only about 100 kiosks are deployed at ten locations across the Caribbean, Pacific, Europe, and the Middle East, Acuity expects the use of these highly efficient and cost-effective border control solutions to migrate broadly within existing regions while expanding to include Asia, Latin America, and Africa over the next few years.

Today, kiosks are deployed at just a few cruise ports, but Acuity expects broader use of kiosks at more seaports and land crossings over the next three to five years. Vancouver Airport’s Innovative Travel Solutions group dominates the global market with more than 60% kiosks unit and installation market share.

Acuity Market Intelligence’s “APC Kiosk Deployment List” (http://www.acuity-mi.com/APCdep.php) provides details for all kiosk border control deployments including location, program, owner, units, vendors, costs, and market share analysis.

Acuity’s border control research and analysis also includes the “ABC eGate Deployment List” (http://www.acuity-mi.com/eGatedep.php) and “The Global Automated Border Control Industry Report: Airport eGates and Kiosks” (http://www.acuity-mi.com/ABCair_Report.php).


Filed under: Airport Security, Automated Border Control, Biometrics, border control, Data Driven Analysis, Document Readers, Market Forecast, Market Research | No Comments »