PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Examples of Facial Recognition Gone Bad and a Potential Solution

By Tim Sloane
August 11, 2021
in Analysts Coverage, Biometrics, Commercial Payments, Emerging Payments, Partnerships, Supply Chain
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Examples of Facial Recognition Gone Bad and a Potential Solution

Examples of Facial Recognition Gone Bad and a Potential Solution

I recently wrote about the frustration with biometric solutions that don’t offer reliability stats (FAR and FRR). Humanode selected FaceTec facial recognition for its blockchain consensus mechanism. This new algorithm will use crypto-biometrics as a key.

Further investigation took me to the FaceTec website where I discovered it was NIST/NVLAP lab certified and published its reliability (1/12.8M+ FAR).  It also took me to Liveness.com  that links to several major real-life biometric failures, including a bank’s implementation. The site is worth visiting if interested in liveness detection and the threat vectors that have no testing available to certify:

“Humanode has reached a deal to integrate FaceTec’s face biometrics and liveness detection into its ‘crypto-biometrics’ platform, and also announced a strategic partnership with startup support and finance firm Republic Crypto.

The integration and development partnership with FaceTec will provide an anchor for the chain of trust behind the digital identity. FaceTec’s 3D FaceMaps will be used to create decentralized pseudonymous identities with reliable defense against Sybil manipulation, and enable remote identity verification.”

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: BiometricsFaceTecFacial RecognitionHumanodeSupply Chain

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    cross-border tokenized deposits

    Ant International and HSBC Pilot Cross-Border Tokenized Deposit Transfers on Swift

    December 12, 2025
    Fiserv stablecoin

    Three Small Business Trends That Banks Can Hop On in 2026

    December 11, 2025
    echeck

    Beyond Paper: Why More Businesses Are Turning to eChecks

    December 10, 2025
    metal cards

    Leveraging Metal Cards to Attract High-Value Customers

    December 9, 2025
    fraud as a service

    Keeping Up with the Most Dangerous Fraud Trends of 2026

    December 8, 2025
    open banking

    Open Banking Has Begun to Intrude on Banks’ Customer Relationships

    December 5, 2025
    conversational payments

    Conversational Payments: The Next Big Shift in Financial Services  

    December 4, 2025
    embedded finance

    Inside the Embedded Finance Shift Transforming SMB Software

    December 3, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result