In this post-password age, the watchword is “biometrics” – a digital way to measure a person’s unique physiological features, especially fingerprints, face, voice and iris.
Because your physical features cannot be lost, forgotten or stolen, institutions from banks to hospitals are seeking biometric technologies to raise the bar for security, monitoring and accuracy.
“Everybody and their sister that has a service of value is interested in biometrics … because you won’t remember your password when you need it in an emergency,” says Benjamin Levy, CEO of IsItYou, one of many Israeli companies in the biometrics space. (IsItYou recently participated at the ING Fintech Village at Eggsplore in Brussels, Belgium, where Benjamin Levy was able to introduce his biometric technology to the Belgian fintech world.)
“Everyone is fed up with passwords and that’s a major driver for the biometrics industry,” agrees Peter O’Neill, president of Canada’s FindBiometrics.com, a global industry resource on biometric identification and identity verification solutions.
The other main drivers are mobility, financial technology, enterprise-wide security (physical, logical, mobile and digital access) and convenience for the end user, O’Neill tells ISRAEL21c.
“Healthcare is the next big market after fintech,” he predicts. “Biometrics will eventually affect every single industry out there. The ballpark estimate is that the industry is worth $10 billion now, and in the next five years it will be a $25 billion to $40 billion industry.”
O’Neill says startups in numerous countries are actively developing biometric technologies. And the startup nation is right in the thick of it. There’s even a biometrics division in the Prime Minister’s Office putting significant resources into biometrics research.
Here are six examples of Israeli biometric pioneers on or near the market.
1. FST Biometrics was founded eight years ago by Major General (Res.) Aharon Ze’evi Farkash to ascertain identity of people at crossing points without slowing the line and “without making them feel like criminals,” says CMO Arie Melamed.
Veterans of the Israel Defense Forces’ renowned 8200 intelligence unit developed FST’s proprietary In Motion Identification (IMID) identity-management solutions using a combination of biometric and analytic technologies such as face and gait recognition, body behavior analytics and voice verification.
IMID Access currently facilitates more than 1.5 million identifications each month around the world.
2. BioCatch provides behavioral biometric, authentication and malware detection solutions for mobile and web applications. Available as a cloud-based solution, BioCatch proactively collects and analyzes more than 500 cognitive parameters to generate a unique user profile.
3. AnyVision, based in Tel Aviv and the UK, provides end-to-end plug-and-play solutions based on face-recognition technology – mainly for governmental and security agencies in Asia, Europe, Central America and Africa and also for smart cities, banks and ATMs, educational and correctional facilities, casinos, airports, corporations and event spaces.
4. ContinUse Biometrics, founded in 2015, is developing a single-sensor platform that detects nanoscale movements in fully dressed people at any angle from a distance.
The platform enables non-contact data capture, processing and presentation of heartbeat, blood pressure, breathing pace, glucose level, oxygen saturation and blood alcohol levels for anything from access control to medical monitoring. Partner companies will integrate the data into their own systems for analysis.
5. IsItYou in Lod is running pilots in countries including Brazil, Mexico, Italy, Belgium, Israel and Korea of its mobile face-recognition technology based on smartphone selfies for secure payments, banking, social media and physical access.
“We have a great team of engineers, designers, mathematicians, user experience and machine-vision experts working hard to make biometric authentication on mobile a reality in every context from almost complete darkness to bright sunlight, and pretty much in any pose. Our system recognizes its authorized user and the changes he or she experiences over time,” says Levy.
6. Medasense Biometrics of Ramat Gan is developing a continuous,noninvasive wearable device to objectively assess and monitor changes in a patient’s pain level when the patient cannot communicate (for instance, under general anesthesia).
To read the full article, and find more information on these 6 companies, please visit the Israel21C webpage!