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Datalink Corporation Message Board

carp_slayer 37 posts  |  Last Activity: 4 hours ago Member since: Oct 6, 2011
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  • Reply to

    Advent bids for Safran's Morpho

    by carp_slayer Jun 22, 2016 9:18 AM
    carp_slayer carp_slayer 4 hours ago Flag

    1.6B Euros = about $1.8B USD

    "The Safran board of directors are meeting in France today to select preliminary candidates to acquire the aerospace group’s biometric and identity section. The board has to choose from a dozen offers for its Morpho biometrics and security business, sources told Reuters on Wednesday. While Franco-Dutch SIM card maker Gemalto has expressed interest in the additional assets being sold by Safran, private equity fund Advent said last week that it wants to acquire Safran's biometric identification business and merge it with security badge maker Oberthur Technologies, which it bought in 2011. Reuters reports that Atos, and private equity firms KKR, Carlyle, Bain Capital and CVC Capital Partners are also seen as potential candidates for the business, which had 1.6 billion euros of revenue last year."

  • carp_slayer by carp_slayer Jun 22, 2016 11:10 AM Flag

    "Since USAA began offering biometric authentication early last year, more than 1.7 million customers have been accessing their accounts using either their fingerprints, voices or facial scans.

    “We can’t rely on personal identification information any longer,” said Mr. Shaw [USAA]. “We believe we have to rely on biometrics.”

    Read somewhere that USAA has about 11M customers and that about 4-5 M use the USAA mobile banking App, so they are getting a pretty good adopt rate for the biometric login.

  • Interesting, no indication of potential valuation so far.

    "Private equity fund Advent has made a bid for French aerospace and defense group Safran's (SAF.PA) biometric identification unit Morpho with the aim to merge it with Advent-owned French security badge maker Oberthur Technologies, Advent told French newspaper Le Figaro.

    Cedric Chateau, the head of Advent France, told Le Figaro in an interview that the merger of the two firms could create a France-based world leader in secure authentification.

    Oberthur Technologies in November delayed plans for a stock market listing. The firm develops security software embedded in cards and other devices for making payments and giving access to transport networks or buildings."

  • Reply to

    IWS Partners with Telos

    by luthertiggs Jun 13, 2016 8:37 AM
    carp_slayer carp_slayer Jun 20, 2016 12:28 PM Flag

    FWIW:

    Extenua appears to have some tie-in to Telos and may have been the source of this IWS re-seller agreement?

    "Extenua Blog Protected: Extenua discusses core competencies with Telos Corporation, agree on future strategy."

    That would make Telos, along with American Cyber, Extenua partners that are also IWS re-sellers.

    "Extenua and American Cyber Form Strategic Alliance

    Strong encryption with Imageware biometric authentication software provides expanded Cyber security service offerings and data protection to clients "

  • Reply to

    Lockheed Martin - Leidos?

    by luthertiggs Jun 13, 2016 10:31 AM
    carp_slayer carp_slayer Jun 20, 2016 9:33 AM Flag

    Aruba demoed their new MFA options at their recent Atmosphere EMEA 2016 show:

    ClearPass 6.6 Multi-factor authentication: demo Onboarding with SMS confirmation

    ClearPass 6.6 Multi-factor authentication: demo network access with DUO MFA

    ClearPass 6.6 Multi-factor authentication: demo network access with ImageWare GoVerifyID biometrics

    Webinar scheduled for last week:

    Technical Webinar: How to Secure your Enterprise Network and Data

    Tuesday, June 14th | 11:00 am PDT | 2:00 pm EDT

    Protecting enterprise data can be difficult in today’s mobile world. Weak, insecure passwords make it easy for hackers to wreak havoc and threaten priceless intellectual capital.

    Join Aruba, a Hewlett Packard Enterprise company, and ImageWare Systems, a leader in mobile biometric user authentication, for a webinar to learn about:

    •Biometrics and multi-factor authentication (MFA) for increased network security

    •Making authentication a real-time experience with policy management and MFA

    •Replacing weak passwords to protect company data and assets

    Find out how you can become the password with biometrics, MFA and policy management, and better secure your enterprise network.

  • carp_slayer carp_slayer Jun 4, 2016 4:45 PM Flag

    rational_balance,

    Thanks for the comments, and I will check out the referenced MasterCard articles on the MITK site.

    FWIW:

    The "winking" verification is an attempt at liveness detection to provide assurance that the authentication system is not being spoofed by a static photograph. There have been examples of that happening to facial recognition systems, so when prompted the individual winks at the camera before the facial authentication match is run. Anti-spoofing is a big issue in biometrics in general, and most algorithm vendors are working on ways to mitigate it. Daon uses the blink prompt in their application with USAA.

    In Feb. this year VISA announced they were working with Morpho on biometrics. So far they have shown off a potential contactless POS device that can read 4 fingerprints at once, and a system for online payment application using facial recognition.

    MITK can most certainly engage their current banking base and could develop a multi-biometric payment App by simply using Apple TouchID and the Samsung fingerprint sensor, both of which are open to third party developers, to call into an App. They would then be able to offer a quick fingerprint verification, or a facial scan depending on conditions or users choice. They could also require both modalities if the person was requesting a large transfer for example. Daon incorporates both facial and voice recognition for the USAA App and has now added support for TouchID. Less

  • carp_slayer carp_slayer Jun 4, 2016 10:24 AM Flag

    rational_balance,

    Thanks for the comments, and I will check out the referenced MasterCard articles on the MITK site.

    FWIW:

    The "winking" verification is an attempt at liveness detection to provide assurance that the authentication system is not being spoofed by a static photograph. There have been examples of that happening to facial recognition systems, so when prompted the individual winks at the camera before the facial authentication match is run. Anti-spoofing is a big issue in biometrics in general, and most algorithm vendors are working on ways to mitigate it. Daon uses the blink prompt in their application with USAA.

    In Feb. this year VISA announced they were working with Morpho on biometrics. So far they have shown off a potential contactless POS device that can read 4 fingerprints at once, and a system for online payment application using facial recognition.

    MITK can most certainly engage their current banking base and could develop a multi-biometric payment App by simply using Apple TouchID and the Samsung fingerprint sensor, both of which are open to third party developers, to call into an App. They would then be able to offer a quick fingerprint verification, or a facial scan depending on conditions or users choice. They could also require both modalities if the person was requesting a large transfer for example. Daon incorporates both facial and voice recognition for the USAA App and has now added support for TouchID.

  • carp_slayer carp_slayer Jun 3, 2016 2:27 PM Flag

    invstabrd,

    My interest in MITK stems from about a year ago when they made the ID Checker acquisition with machine vision and facial recognition biometrics. The 5000 enterprises and 80 million users of the mobile capture technology give MITK a big base to leverage and to cross sell into. Onboarding mobile customers while meeting the requirement of the Know Your Customer regulations (Patriot Act) is a big problem for financial institutions in mobile and everything that can be mobile WILL be mobile especially for the millennials who live mobile. ID Checker can verify if the government issued document is legit, and authenticate that the user is who they say they are-- and do it fast and make it an easy user experience. I think there is a lot of room for this and MITK is out front on it and well on the way to making their goal to sign 10 Fortune 500 companies for this platform in 2016. I really like where they are at. The opportunity to find new problems to solve is right in front of them and authentication for a mobile In-App transactions is one of them, which is just starting to take off. I do agree that in order to justify a lofty valuation sequential growth in revenue is key, but that big customer base makes it possible. Daon has about 6 banks for their identity platform, MITK has 5000 places to start for ID Checker because of the success of mobile capture. Keep solving tough problems for this installed base and the growth will come. IMO.

  • carp_slayer carp_slayer Jun 3, 2016 12:46 PM Flag

    MasterCard Identity Check (sometimes dubbed "selfie pay" in the media) is using the Daon IdentityX Platform for fingerprint and facial biometric authentication. It was announced back in March, and they have made frequent joint appearances in the media and at conference trade shows. The MC Identity Check also uses device cryptography, and geolocation along with the biometrics for a layered security approach. What is the specific reference to Mitek? I would be interested in seeing that and apparently missed it.Thanks.

  • Reply to

    Short Stories

    by carp_slayer Jun 3, 2016 8:16 AM
    carp_slayer carp_slayer Jun 3, 2016 9:33 AM Flag

    It's much more than logon, secure in-app transactions at the point of payment will eliminate much of the existing payment processing infrastructure and will be measured in the billions. Somebody is going to make a lot of money doing this and MITK already has an established base to sell into in FinTech. Huge growth opportunity.

    Sentiment: Strong Buy

  • carp_slayer by carp_slayer Jun 3, 2016 8:16 AM Flag

    Amazing the volume they can create, however they know that some institutional investors and money managers "sell first, and ask questions later" so it's easy money for the guys to stampede.

    The Daon meme is off target. Daon is a pure play privately held biometric company, founded by Irish billionaire Dermot Desmond in 1999. They have has success in government accounts around the world and have developed a authentication platform for mobile called IdentityX which is what USAA is using in their mobile banking App. After several years in testing USAA went live in January 2015 with about 100K beta testers as users. As of about Q1 2016 they have 1.4 million of their 11 million customers (~13%) signed up. The wins at USAA and MasterCard have led to several banks in Korea, a startup bank (Atom Bank) in the UK and just this week Gulf Bank Kuwait. They are getting traction in FinTech for sure, but this is for password replacement for mobile banking Apps that authenticates the person requesting access is who they say they are and is enrolled with the bank. MITK is addressing a different problem, onboarding new mobile accounts while trying to meet the Patriot Act requirements for know Your Customer with machine vision technology that can read the security codes on a government issued document, like a drivers license, and determine if it is legitimate, and then apply a facial recognition algorithm to verify that the person presenting the document (via a selfie) is the same person as on that document. These are related but different problems. MITK can leverage their 5000 mobile deposit bank customers to cross sell ID Checker and solve a new and important problem for existing accounts. Daon has to win them (password replacement) one at a time, and IdentityX is good but does not do document verification. MITK should move quickly to either develop, license, or acquire a mobile authentication platform that supports multi-factor authentication for multiple markets beyond just banks.

    Sentiment: Strong Buy

  • carp_slayer by carp_slayer Jun 1, 2016 9:10 AM Flag

    Getting traction in FinTech...

    Reston, VA, May 31, 2016 – Daon and Gulf Bank Kuwait announced today their partnership in providing biometric authentication within Gulf Bank Kuwait’s new mobile banking application. Daon’s IdentityX® Platform enables Gulf Bank Kuwait’s customers to seamlessly authenticate using their face and fingerprint to quickly and easily assert their identity online across multiple channels.

    César González-Bueno, Gulf Bank’s Chief Executive Officer said, “Digital banking is important to our customers and we wanted to make it convenient and simple for them to conduct their banking transactions with our new mobile banking app. By working with Daon, we were able to leverage cutting-edge technology with global best practices to provide our customers with an enhanced mobile banking experience. Our customers can now login with biometrics using their fingerprint touch id and ‘Blinking to Bank’ facial recognition, from anywhere in the world, and perform a wide array of banking transactions efficiently and securely.”

  • carp_slayer by carp_slayer May 18, 2016 11:11 AM Flag

    Initial Statement of Beneficial Ownership

    85,500 shares, so he has bought some in addition to the option award.

    He was CTO at Dot Hill prior to becoming President and CEO.

    Goldman had a pretty decent stake in HILL when it was acquired by Seagate. It jumped almost 100% on the news.

    Goldman now has two accomplished helpers on the BOD-- Cronin on IP and Kammersgard on Operations.

    Delay now has a BOD watcher who has done what he is trying to do. One would have to be pretty obtuse not to see Goldman's hand in this. At a minimum he can help, he could also be a realistic replacement, or lead a sale if it comes to that.

  • carp_slayer by carp_slayer May 13, 2016 10:29 AM Flag

    Max Most of Acuity Market Intelligence has been writing about the raise of the Biometric Service Provider for a while now. She also was about the first to predict that biometrics and mobile would be a thing. She is a well known, independent market researcher, consultant and industry thought leader.

    Writing bout FinTech specifically in January 2016"

    "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"

    The new IWS Authentication Service on AWS is basically just that, applicable to multiple verticals. Commenting on Twitter Max says:

    "Game changing tech from IWSY GoVerifyID biometric authentication as a service. Cloud based, no brainer set up ! "

  • Reply to

    Another question for Carp

    by bearatologist May 12, 2016 10:10 AM
    carp_slayer carp_slayer May 13, 2016 10:02 AM Flag

    Commenting on an article on SA on March 22 tilted "Unwired Planet pops after reveiving a favorable U.K. ruling."

    Aristides Capital, contributor:

    "UPIP is our third largest position"

    "The IP business, just on the wins in the last six months, has to have a present value of at least $70M"

    "we added more this morning".

    Please note it is not my intention to ridicule an investor who got burned on a position-- it can happen to anyone. However, when he says the IWS IP has zero value he doesn't know that. TBD of course.

  • Reply to

    Another question for Carp

    by bearatologist May 12, 2016 10:10 AM
    carp_slayer carp_slayer May 12, 2016 2:32 PM Flag

    I get "Hard to Borrow" as well, and the cost to borrow may be agitating. Could also be prep work (softening the ground) from the Seeking Alpo Anonymous Short Squad pending a new "Article".

    Aristides Capital Management, LLC had a major blow up recently when their self-described third largest position blew up in their face-- UPIP. This was a patent troll that IIRC Aristides said he had done a lot of IP valuation work on and that it was a very undervalued asset. I think he even wrote an SA article on it. One day in April he woke up to the fact that UPIP had just sold off the patent portfolio for a lousy $30 million, and the CEO had resigned leaving him nothing but a shell. The stock lost a third of its value in five minutes and hasn't recovered since.

    UPIP
    52-Week High $13.20
    52-Week Low $ 5.77
    Yesterdays Close $5.95

    It could happen to anybody of course-- even a professional-- but the real takeaway is when this guy says the IWS IP has zero value he likely doesn't know that, he certainly didn't in the case of UPIP. I seriously doubt that Cronin, who is an expert on IP, would remain on the IWS BOD if he thought the IWS IP had zero value and or he even suspected it might be a "scam". He has a big reputation from IBM as their former patent guru, and a consulting business to protect. Just my humble opinion of course.

  • Reply to

    Another question for Carp

    by bearatologist May 12, 2016 10:10 AM
    carp_slayer carp_slayer May 12, 2016 10:30 AM Flag

    Aristides,

    When did you stop beating your horse?

  • Reply to

    Question for Carp...

    by sandeep25252013 May 12, 2016 8:47 AM
    carp_slayer carp_slayer May 12, 2016 9:13 AM Flag

    sandeep- I don't know what he meant by that, so would be reluctant to comment on it.

  • In which I learned three things.

    1) Delay says integration is easy, pricing is flexible, and initial users like it:

    IWS: "Integration was a big issue for us and we tasked our engineering folks with the goal of making this what I call drop dead simple. We designed it that way and it works exactly that way. It takes somewhere from 4 to 16 hours of work to integrate. It literally takes 100 lines of code to integrate it, it is even less if you are connected via one of the interface standards for input or authentication exchanges, such as SCIM or SAML protocols. Our initial users were surprised, at how simple it is to integrate and use and how fast they can be in business. It is very fast and very simple and, as I said, designed from the get go to be that way. Pricing is on a per-person/per-month basis, but we can price on a per transaction basis as well. It is not only a flexible system, but the pricing model is flexible as well."

    2) The TransUnion ID Manager is used to verify the user prior to biometric enrollment. Last time I looked this consisted of Knowledge Based Authentication, one time passcodes, and device verification, so adding GVID makes this pretty strong authentication.

    IWS: "We are including identity proofing at the front end through our partner TransUnion, so our users can be sure that the biometrics tendered at enrollment are actually legitimate ones; we are also taking care of cloud provisioning via our partners at AWS. We are supporting virtually all mobile devices; we handle enrollment and real time authentication and verification with seamless and simple integration on a pay-as-you-go, scale-as–you-need basis. It is a product that is ready to go today and we think it is very timely given current market conditions."

    3) Targeting SMB in Retail, Financial, Healthcare, but will sign up anybody public or private. So its not too late for Aristides LLC (which has way too many ID's) to get face-printed-- which would be a net good thing ;)

  • Reply to

    Nice job with the Web site...

    by luthertiggs May 11, 2016 8:29 AM
    carp_slayer carp_slayer May 11, 2016 9:35 AM Flag

    The TU integration is pretty easy to set up and brings a level of sophistication to ID proofing that most SMB's don't have access to. I could see some current smaller TU ID Manager users (credit unions, smaller banks, etc) upgrading to this as they see Visa, MasterCard, and the big banks going biometric.

    GoVerifyID Identity Proofing works like this:

    1.GoVerifyID presents the user with a web portal for performing the identity proofing process. The user enters some personal information on a webpage and submits their user enrollment request. The information is submitted to the TransUnion IDManager to perform the initial identity analysis.

    2.Next the TransUnion IDManager provides a set of multiple choice challenge questions based on financial and other historical records from various public and private data sources. GoVerifyID presents the questions on a webpage for the user's response. Depending on the answers, the user's identity is authenticated or not.

    3.Once the user's identity has been proven, the user is allowed to register their biometrics with the GoVerifyID mobile app.

DTLK
7.50+0.02(+0.27%)Jun 30 4:00 PMEDT