There is clearly money to made in biometrics to support government services and payments, but also plenty of risk, especially without the right market fit.
The Russian city of St. Petersburg plans to equip 8,000 cameras with ethnicity recognition capabilities to monitor its migrant population.
Mastercard taps Feedzai to boost payment fraud protection with behavioral biometrics, as stakeholders in Singapore and the UK chime in on mobile wallets.
JPMorgan Payments referred to palm-based biometrics as a “crucial component” for the company’s overall biometrics strategy.