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

    embedded payments

    Embedded Payments Are Becoming Core to Vertical SaaS

    May 20, 2026
    palm scan

    Identity Fraud and the Erosion of Trust in the Age of AI

    May 19, 2026
    metamask debit card

    After Kraken’s “Skinny” Fed Account, What’s Next for Crypto?

    May 18, 2026
    agentic payment

    PhotonPay Completes its First Live Agentic Payment Together with Mastercard

    May 15, 2026
    banking

    Inside Banking’s $10 Billion Inflection Point

    May 14, 2026
    fraud disputes

    The Hidden Cost of Fraud Disputes Is Hitting Banks Hard

    May 13, 2026
    crypto payments

    Crypto Payments Are Ready for the Mainstream

    May 12, 2026
    payments, payment operations

    Staying Afloat as Payment Operations Rapidly Evolve

    May 11, 2026

    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

    ©2026 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