From Max Most of Acuity-
"Established financial service players have long depended on the highly technical and highly regulated nature of their business to resist disruption. The emerging mobile economy has fundamentally transformed the marketplace by creating a hyper-connected world where fintech innovation threatens their long-standing market stranglehold. Even as these ‘gatekeepers’ embrace biometrics as a means of retaining market power, they seem to fail to fully grasp its truly disruptive nature, which extends far beyond simple pin and password replacement or stealth risk assessments.
Biometrics is far more than an effective way for payment, banking, commerce, or even social media players to ‘kill passwords’ and reduce consumer ‘friction,’ or a stealth way of gathering Personally Identifiable Information (PII). Biometrics—properly integrated, managed, and applied within a consumer centric identity framework that includes both consumer ownership and control of PII and anonymous identification—may indeed pave the way for eliminating the gatekeepers altogether.
Irrefutable biometric authentication at the point of payment will render much of the existing payment processing infrastructure obsolete. Third party biometric authentication delivered via Biometrics as a Service (BaaS) or more broadly Identity as a Service (IDaaS) will offer far more efficient and cost effective fraud and theft mitigation than today’s dated, bloated, and slow (in digital terms) nearly $2 trillion a year payment processing industry. Cloud-based identity services will radically reduce transaction risk allowing this new class of BaaS or IDaaS players to provide direct transaction authentication at the point of payment near instantaneously at a far lower cost."
LT- Agree they are similar in concept; both cloud based multi-biometrics-as-a-service for government markets. The cyber/ C4I focus of America Cyber gives C2D plus GVID a new target market at AWS for storage applications which is timely, and I see that American Cyber lists a fair number of contract vehicles where they are currently on board. With commercial market adoption not exactly poppin', it would be ironic and surprising if government oriented services became the early adopter. I continue to think that the Tier I channel partners have to deliver subscribers in significant numbers or this just can't work-- every idea has a shelf life-- especially technology driven ones, and this is no longer new. However, I completely disagree that it goes to zero. It will get funded, get used, get merged, or get bought.
American Cyber, Inc. has decades of experience leading transformational C4ISR and Cyber initiatives in support of National Security missions. American Cyber identifies, implements, and integrates the latest proven technology solutions based upon our unique insight into the needs and processes of the U.S. Government, along with our specialized knowledge in all aspects of C4ISR and Cyber technologies. Our ability to solve any challenge from network gateways to end-users, including mobile device challenges, allows American Cyber to offer Solutions with Velocity.
American Cyber's team consists of former federal government officials, military personnel, successful private-sector entrepreneurs and skilled thought leaders.
We have decades of experience leading transformational C4ISR and Cyber initiatives in support of National Security missions. American Cyber identifies, implements, and integrates the latest proven technology solutions based upon our unique insight into the needs and processes of the U.S. Government, along with our specialized knowledge in all aspects of C4ISR and Cyber technologies. Our ability to solve any challenge from network gateways to end-users, including mobile device challenges, allows American Cyber to offer Solutions with Velocity.
American Cyber is an Amazon Partner Network (APN) partner. As an APN Partner we help customers of all sizes design, architect, build, migrate, and manage their workloads and applications on Amazon Web Services (AWS).
"Strong encryption with biometric authentication software provides expanded service offerings and data protection to clients.
SAN JOSE, CA–(PRNewswire – January 18, 2016) – Extenua Inc., a pioneering developer of end-to-end storage security software that simplifies the use and access of ubiquitous on-premise and cloud storage, today announced a technology and go-to-market partnership with American Cyber.
“American Cyber brings extensive experience leading transformational C4ISR and Cyber initiatives in support of National Security missions implementing and integrating the latest proven technology solutions,” said Steve Visconti, Extenua President and CEO. “We are pleased and honored to have the opportunity to work with American Cyber as they have a long history of strengthening the security and resilience of cyber programs for the U.S. Government.”
“American Cyber focuses on integrating innovative capabilities into Government operations and systems. Extenua is one of our premier technology partners that will revolutionize how customers securely access and store data from any device,” said Gary Winkler, President of American Cyber. “Extenua’s Cloud2Drive software uniquely breaks apart user data, encrypts each part with a unique encryption key, and stores those parts in disparate locations (even in different clouds), so that malware and nefarious users cannot access nor compile user data. All of this is done with no impact to the user experience—-users are not even aware all of this is happening in the background. This is a much needed technology for the ever more hostile environment of cyber-attacks and data breaches we are challenged with daily.”
To be clear(er) IDentityX has lots of features.
The USAA App I demoed had three options:
PIN (no biometric)
(They later added support for TouchID based on requests from memebers.)
To use it you select an option as default. You can do a real time switch if face or voice is not workable because of background noise, lighting conditions etc. then it reverts back to the default setting (which can be changed). I didn't see any option to configure as run FP then prompt for simultaneous multi-biometrics, with fusion like IWS says you can with GVID. (not saying it couldn't be, just that it wasn't). You can also opt out and go back to using just PIN if you decide you don't like or are not comfortable with the biometrics and they are supposed to delete the biometric enrollment template. I am curious what percent of possible user uptake they are experiencing, and what the retention rate is after say three-six months.
Note that these use cases are optional-- you don't have to use the biometric you can still use a PIN-- yet USAA went from 100K beta users to over 1M in less than a year which shows that people will use face and voice to access their bank accounts.
The USAA model I have seen is either/ or face, voice, PIN but not truly multibiometric like GoVerify which can be set up to do fingerprint (Apple, Samsung) match-on-device and then simultaneously request face and voice Match-In-Cloud and use fusion to get a combined score. As the value of the transaction increases, or the importance of the data being accessed raises, this becomes more important.
The old rich guy that backs Daon has more money than the old rich guy that has backed IWS, however he must need liquidity at some point. They apparently don't have enough to go public. If this business starts to develop we are either going to see a Daon IPO, they get bought, or reverse into a public company. The history is that no has ever built a sustainable large scale biometric company without acquisitions.
AppleTouchID was "spoofed" within two days of introduction and so was Samsung, so I guess no one will ever use Apple Pay or Samsung Pay. GoVerifyID now supports both as well as face and voice. To be clear, DH said publically that IWS does liveness on the front end during capture and relies on their algorithm vendor on the back end for a replay attack, and that the combination is effective. As a user I couldn't care less how this is done. VS, for their part, says they can detect minute differences in the audio between a live and recorded voice. A legitimate potential customer would put an NDA in place for protected information not throw FUD on a stock message board--but I guess you think this is an effective way to exercise your grudge. I'm not selling, IWS will get funded, and you don't know more than Lockheed and Samsung.
I sure didn't. This was way before my time here (thank goodness) but my DD notes said IWS was sub to Unisys for CTSA (airport workers). Perhaps he was referring to a different contract?
Posted on May 7, 2008
"ImageWare Systems, Inc. (AMEX: IW – News), a leading developer and provider of identity management solutions, and subcontractor to Unisys, will provide its IWS™ Biometric Engine® Border Management Solution, a Web-based, multi-biometric ID management system for the CATSA project. "
YouTube ImageWare Systems CA Technlogies
Dave Harding CTO
Published on Dec 8, 2015
9 hours ago - Uploaded by CA Technologies
"This video is a demonstration of the installation, configuration and use of the solution developed by ImageWare Systems integrating their GoCloudID and GoVerifyID with CA Single Sign-On and CA Identity Manager products."
Offices in Germany-- that's new.
Integrated GoVerifyID Out Of Band into new Fujitsu POS terminals in three days, Fujitsu is largest POS terminal provider in the world.
Face, Voice demo in real time on SaaS servers, and password reset using both.
Worth a look if interested.
The current version is on the APP Store and Google Play:
APP Store: What's New in Version 3.1.2
Updated: Nov 21, 2015
• Added support for fingerprint verification for Apple devices with Touch ID™.
• Added "liveness" detection to prevent imposter authentication via recordings or other spoofing methods.
• Increased the required passphrase length to a minimum of 4 seconds for improved security.
• Added graphical feedback to the passphrase enrollment to assist the user in meeting the proper length of voice print. If sufficient voice print length is not achieved the enrollment will fail and the user will be prompted to record a longer phrase.
• Updated the Getting Started tour.
This interview helps confirm much of what we have talked about here-- the importance of building a partnership network through key players with differentiated target markets, and the value of cloud based pay-as-you-go biometrics as a service. Given the current state of the world there can't be a better government oriented partner to have than LMT. IDHaystack incorporates the IWS Biometric Engine, so when someone says those patents have no value because IWS doesn't have the resources to defend them, ask yourself if they would have any value to a Lockheed Martin or a Fujitsu.
Filed from L D Micro Conference.
"Based on contracts previously announced Spindle currently anticipates approximately $2.5-3.0 Million in revenue in 2016. We believe this revenue in combination with our currently low operating expenses will bring us to a cash flow positive position in approximately first quarter 2016."
Not much, but better.
Imageware Systems Inc (IWSY): Charles Crocker , of Imageware Systems Inc purchased 200,000 shares on Nov 24, 2015. The Insider buying transaction was disclosed on Nov 30, 2015 to the Securities and Exchange Commission. The shares were purchased at $1.13 per share for a total value of $225,560.00.
I found the part re High Availability interesting-
We have performed extensive load testing on Amazon Web Services.
Performed 100+ verifications per second continuously for several days.
Ensured that CPUs, RAM, Network and Disk space do not exceed capacity.
Simulated multiple server/hardware failures to prove system resilience.
Validated system capacity of over 8 million transactions per day. (Higher levels of transactions can be provided as needed)
Adds support for Apple TouchID on any Apple device-- iPhone, iPad, IPod Touch back to iPhone 5S.
Adds support for Samsung fingerprint scanner.
Can configure to do a FP match-on-device and then call face and voice simultaneously to match-in-cloud.
Adds liveness detection to thwart spoofing via replay attacks.
Detailed enrollment prompt.
Adds CA certified support for CA Single-Sign-On and CA ID Manager.
Adds new admin portals and updated documentation.
"Anywhere a password or token is used, GoVerifyID can replace it with biometric security."
Now I need to see some subscribers.