Several stories last month reported that facial recognition technology used by UK police was “staggeringly inaccurate”.
Yet in the last six months, multinational financial services firms, such as ING and Rabobank, have started using automatic face matching to replace in-person identity checking.
The question is, how reliable is this technology?
iProov is sponsoring and exhibiting at Money2020 Europe, which takes place in Amsterdam on 4th-6th June 2018. Whilst Money2020 attracts visitors from all over the world, the Netherlands is a core market for iProov, with major banks ING and Rabobank delivering live onboarding services to their customers using iProov’s ID Matcher service. Money2020 is also the launchpad for Norwegian service provider IDMee, a DNB company, whose services make use of ID Matcher.
At Money2020 iProov is demonstrating ID Matcher, integrated with ReadID handset NFC document reading from partner InnoValor, whose stand is adjacent. iProov’s app-less HTML5 version of ID Matcher is also being demonstrated, integrated with the optical document capture technologies of various partners.
Visitors are also experiencing Verifier, iProov’s zero-effort solution for Strong Customer Authentication to assure compliance with PSD2.
Senior iProov executives are present on its stand J63.
UK facial biometric firm iProov chosen to help US Department of Homeland Security (DHS) to enhance and secure cross-border passenger travel
News signals a move into the mainstream for self-service identity verification at borders
London, 16th April 2018 - iProov, a leading provider of biometric facial verification technology, today announced it has become the first British – and indeed overseas – company to be awarded a contract from the US Department of Homeland Security Science & Technology Directorate’s Silicon Valley Innovation Program (SVIP).
The contract has been awarded to iProov to help US Customs and Border Protection (CBP) improve the passenger entry operation process.
iProov was selected for the second year running to present its novel technology at Finovate Europe 2018, and walked away with the Best of Show award. The meticulously choreographed 7 min live demo was delivered by iProov CEO Andrew Bud with support from Matthew Pearch, iProov's Commercial Director.
iProov demonstrated the world's first app-less network-based onboarding and authentication solution based on face verification and NFC-based contactless reading of documents. Exploiting recent advances in web and mobile OS technologies it enables financial institutions to deliver the full capabilities iProov via mobile web only to users without any prior app installation.
Also demoed was a new capability to use iProov on a personal device to authenticate any external event, including access attempts form a computer lacking a webcam or video permissions, authentication to an ATM without special hardware, or physical access without local hardware. This method, know as iProov Push and the subject of a recently granted UK patent, had not been demonstrated in public before.
iProov has been named one of the 2017 SINET16 Innovators!
Each year, SINET evaluates the technologies and products of hundreds of emerging Cybersecurity companies from all over the world, and selects the 16 most innovative and compelling companies. These 16 companies, known as the SINET 16 Innovators, are invited to present their products and solutions on stage in Washington D.C. at the annual SINET Showcase.