From biometric binding through regulations for payments from digital wallets, the Biometric Update’s top stories of the week reflect a global trend of digital transformation for economic growth and financial inclusion. These kinds of projects are on high on the agenda of lawmakers, regulators and businesses around the world, from developing nations to the largest economies. Digital wallets are the primary vehicle of change, but digital public infrastructure and platforms connecting the various tools must be put in place first. New partnerships for FIC Professionals Network in Nigeria and Citra Lab in Sri Lanka show the market opportunities that come with the transition. While the digitization process is carried out, technologies like FaceTec’s UR Codes, readable with a free biometric app launched this week, can help bridge the gap between physical ID documents and digital identity. Top biometrics news of the week FaceTec’s UR Codes are a biometric technology specifically intended to help ease the transition to digital identity by enabling high accuracy through the delivery of a 72-byte face template that can be scanned from a digital wallet on a high-end smartphone, a temporary ID document printed in paper, or anything in between. The company’s VP of Global […]
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