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 finance

    How Developers Are Driving the Future of Embedded Payments

    February 19, 2026
    gift card strategy

    The Gift Card Shift: From Convenience to Core Shopping Strategy

    February 18, 2026
    Tina Shirley

    From Cross-Border Payments to Community Banks: The Future of Zelle®

    February 17, 2026
    Startups: Fintechs Data Streaming Technology in Banking, corporates Enriched Data vs Faster Payments

    Fighting Fraud in the Era of Faster Payments

    February 13, 2026
    cross-border payments

    Solving for Fraud in Cross-Border Payments Requires Better Counterparty Verification

    February 12, 2026
    agentic commerce

    Demystifying the Agentic Commerce Enigma

    February 11, 2026
    payment gateways

    How Payment Gateways for Businesses Can Help You Offer Your Customers More Options

    February 10, 2026
    Reserve Bank of India (RBI) Extends Mandate for Tokenization to June '22

    Late Payments? Governments Are Taking Action

    February 9, 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

    ©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