Rinear - >>> Financial Intelligence Report
The Newsletter for people willing to take control of their financial future
Part 1: General Commentary
Part 2: Market Commentary
Silence of the Lambs
The one thing the globalist cabal hates more than anything, is us Rubes being able to share information about the corruptions they are engaged in. It angers them to no end, that true American Patriots, can investigate their plans, and via the Internet, try and counter them. So, as you can imagine, they want ever more control over the net, and what can be posted on it and by whom. Consider this.... this is the kind of "inside" info that the elitists cannot allow to be spread in a free speech society:
NikkiHaley had breakfast with BlackRock CEO and World Economic Forum board member Larry Fink Tuesday morning to raise money. By that afternoon, Haley was pushing mandatory "verification" of all social media users. Here's why.
Fink's big push is what he calls "digital payments," or central bank digital currency. Fink wants America to adopt a system like India's digital system, called Aadhaar, which citizens must have a verified digital ID to use. Bill Gates' foundation designed their digital ID system, which they use to access the internet.
Last week, the World Economic Forum held a symposium to push "50 in 5" its goal to get 50 countries in 5 years to adopt Bill Gates' digital identity system, which strips anonymity from users, who then would be required to have it as part of a digital wallet in order to acess and spend digital money. With money tied to identity for the first time, governments could control how an individual spends it, because the central bank digital currency would be programmable. It is an authoritarian's dream because cancellation could now include tracking people's online postings and freezing their ability to use money.
The Europeon Union last week announced it is in the process of adopting Gates' totalitarian digital ID system, the software for which he is giving away for free. It would be voluntary at first, but eventually required to access social media, use money, and do just about everything else that is digital.
Essentially, what Haley just did was sell you out to get the so-called "mark of the beast" in exchange for campaign funding from the Fink crowd, which has limitless resources. Fink is the creator of ESG scores, which cancel companies that aren't woke enough by cutting them off from investment. He's apparently angling to cancel individuals and "score" them the same way. Oh, and by the way, digital IDs are the basis for the Chinese social credit system.
It's things like that, things I've said, things Don Bongino says, things Alex Jones says, things Dave Janda says, and multiple others, that absolutely drive them batshit. So, with that in mind, many of you don't know that the Biden admin has requested that basically the FCC takes over every single aspect of the internet. I'm not talking some goofy group of "fact checkers" in someone's basement. I'm talking about everything concerning the infrastructure, the implementation, the speed of downloads, and much much more.
Biden called on the FCC to implement a one-page section of the 2021 Infrastructure Investment and Jobs Act (Infrastructure Act) by adopting new rules of breathtaking scope, all in the name of "digital equity." For the first time ever, those rules would give the federal government a roving mandate to micromanage nearly every aspect of how the Internet functions...from how ISPs allocate capital and where they build, to the services that consumers can purchase; from the profits that ISPs can realize and how they market and advertise services, to the discounts and promotions that consumers can receive. Talk about central planning.
Folks they want it all.
But do not take my word for it. The text of the order expressly provides that the FCC would be empowered, for the first time, to regulate each and every ISP's:
"network infrastructure deployment, network reliability, network upgrades, network
maintenance, customer-premises equipment, and installation;
"speeds, capacities, latency, data caps, throttling, pricing, promotional rates, imposition of late
fees, opportunity for equipment rental, installation time, contract renewal terms, service
termination terms, and use of customer credit and account history";
"mandatory arbitration clauses, pricing, deposits, discounts, customer service, language
options, credit checks, marketing or advertising, contract renewal, upgrades, account termination,
transfers to another covered entity, and service suspension."
As exhausting as it is to read that list, the FCC itself says it is not an exhaustive list. The Biden Administration's plan empowers the FCC to regulate every aspect of the Internet sector for the first time ever. The plan is motivated by an ideology of government control that is not compatible with the fundamental precepts of free market capitalism. But it gets worse. The FCC reserves the right under this plan to regulate both "actions and omissions, whether recurring or a single instance." In other words, if you take any action, you may be liable, and if you do nothing, you may be liable. There is no path to complying with this standardless regime. It reads like a planning document drawn up in the faculty lounge of a university's Soviet Studies Department.
Well the vote took place on the 15th and yeah it passed. The vote was 3-2 in favor. This is what Ted Cruz had to say about it Monday:
U.S. Senate Commerce Committee Ranking Member Ted Cruz (R-Texas) released the following statement after the Federal Communications Commission (FCC) voted to finalize its "Digital Discrimination" order:
"Despite admitting there's "little to no evidence" of discrimination by telecommunications companies, Democrats are hoping to convince the American people that broadband Internet is so racist they need to plow ahead with government-mandated affirmative action and race-based pricing. The only beneficiaries of this Orwellian "equity" plan are overzealous government regulators who want to control the Internet."
They're coming after us hard folks. From digital money, digital ID systems, absolute control of every aspect of the internet, everything you say or do. We are in the fight of our lives. That's why finding like minded web sites/pod casts, etc are so vital right now.
I used to do 10 - 15 radio shows and podcasts a week, mostly on terrestrial radio. It got overwhelming and I stopped about 5 years ago. But I think it's time for me to get back on the air, and really let loose. We're in a war, and I don't want to lose. Good luck.
>>> Mitek Systems, Inc. (MITK) provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion. The company also offers MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. CheckReader enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. In addition, it provides MiVIP, an end-to-end KYC platform that allows companies to design, build, and deploy robust KYC journeys with little or no development resources; and MiPass provides protection against most sophisticated forms of identity theft and dangerous fraud techniques, such as deepfakes and synthetic identities. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice to stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
>>> So THAT'S Why You Can't Smile In Your Passport Photo
June 26, 2023
Our passport photos are rarely the most flattering pictures we have of ourselves. That drugstore or post office lighting is not ideal, and it doesn’t help that we don’t get to show off our best happy faces.
When the time came to renew my passport last year, I received strict instructions from the postal worker who took my new photo that I must not smile. The resulting picture was ... joyless, to say the least.
But why exactly aren’t people allowed to smile in their passport photos the way we do in other pictures? The answer has to do with technology and international security.
Why Smiling Is Frowned Upon
The United States doesn’t officially ban smiling. Rather, the State Department requires that passport photos show “a neutral facial expression with both eyes open and mouth closed.” The subject must look straight ahead and directly face the camera as well. (ie - a digital mugshot)
“An applicant actually can smile in their passport photo, as long as both of their eyes are open and their mouth is closed in the photo,” a spokesperson for the department told HuffPost.
So if you’d like to look a little more upbeat in your passport photo, perhaps the solution is to opt for a Tyra Banks-style “smize.” Showing your teeth won’t pass muster ? and apparently it’s a matter of border security.
“The main reason for banning smiling is the introduction of facial recognition software at airports and other border control checkpoints,” said Karolina Turowska, a biometric photography and travel expert at Passport-Photo.Online.
Many ports of entry utilize computers rather than immigration officers to scan arriving travelers’ passports and photograph them. Although humans can recognize each other easily regardless of facial expression, machines need a little extra help.
“Algorithms don’t work as we do,” Turowska explained. “To compare a 3D face with a 2D passport photo, they need to pinpoint and measure the users’ facial features. It includes the distance between the pupils, ears, nose and mouth, the mouth’s and the eyes’ width, and many others. Smiling can make it harder, as it alters facial proportions.”
Katy Nastro, a travel expert and spokesperson for the flight alert service Going, emphasized that the State Department rules don’t ban smiling explicitly.
“It moreso means you can’t smile like you’re posing for the first day of school, pearly whites front and center,” she said. “Smiling wide with teeth makes it harder to verify eye color and general face shape by passport officials ? namely biometric technology ? who need to confirm your identity. With a majority of places using facial recognition technology at border controls, this is even more important as current biometric tech often has a hard time if points on the face are shifted.”
Not Just An American Rule
“Avoiding smiling in passport photos is a universal rule for most countries,” Turowska said. “Although, the way different countries define a ‘neutral facial expression’ can vary as they use other face recognition software. For example, official French requirements don’t allow even neutral expressions with the corners of the mouth turned up.” (smirking is allowed)
The State Department spokesperson noted that The International Civil Aviation Organization “sets global standards and recommended practices for travel documents.” This includes guidelines for facial expressions in passport photos.
“Photos with exaggerated expressions can make it more difficult to readily identify the passport holder,” he explained, noting that the agency’s photo requirements have “been in effect for United States passports for decades.”
Indeed, the U.S. and other countries updated their rules around facial expressions in 2004 as the technology evolved.
“The face has always been the standard for biometric identification by the International Civil Aviation Organization, but because computers are limited in specific facial recognition capabilities, a neutral expression was deemed the gold standard,” Nastro said.
But these kinds of rules are still relatively new in the grand scheme of things. The idea for the internationally standardized passport system we use today dates back to 1920 in the aftermath of World War I.
“Passport photos weren’t always as strict as they are today,” said Madison Blancaflor, a senior editor at The Points Guy. “When passport photos first started to be used, there were very limited ? if any ? regulations to what the photos included. You can find some very interesting historical examples online of old passports with people playing instruments or wearing distracting hats. However, over the years more regulations have been put into place to heighten security efforts.”
What Happens If You Submit A Smiling Photo (to the passport Gestapo)?
“The most common reason for a passport processing delay is improper photos,” Nastro noted. “Even the best of smiles can get turned down for not meeting requirements set forth on the state department website. It’s best to not risk it and take a photo with a neutral expression, especially if you want it processed as quickly as possible.”
If you decide to smile widely and show off your pearly whites in your photo, the passport agency will delay your application and request a new photo in keeping with the stated requirements, the State Department spokesperson noted.
Should this happen to you, you’ll receive a letter and/or email with instructions for resubmitting an acceptable photo.
“If you’re unable to provide a photo that meets their standards by the deadline given, your passport application may remain in ‘on hold’ limbo forever or be rejected,” Blancaflor warned.
The State Department’s guidelines also forbid eyeglasses unless they cannot be removed for medical reasons ? in which case you must submit a signed statement from your doctor with your passport application. Hats or head coverings are a no-go unless they are “part of traditional religious attire worn continuously in public,” which also would require a signed statement attesting to this fact.
“Not only is smiling prohibited: Applicants cannot tighten their mouths, frown or crinkle,” Turowska added.
Refer to the State Department website for other rules regarding lighting, retouching, background and other aspects.
“The stringent rule regarding smiling is somewhat more lenient for children since having them maintain a neutral facial expression is challenging,” Turowska noted. “The smile cannot impair the recognition of their facial features; however, as long as the child faces the camera and has his eyes open, the passport authorities should accept a smiling photo.”
---> Up yours
Noose tightens - >>> G20 Leaders Agree to Global Vaccination Passport System: 'Where Will It End?'
by Steve Warren
The leaders of the world's largest economies at the G20 meeting held in Bali, Indonesia, this week did much more than discuss current economic troubles. They also drafted and signed a declaration in which the 20 countries agreed to adopt vaccine passports with the purported goal to promote global travel and tourism.
Bloomberg reported tourism ministers from several countries had backed the use of vaccine passports last year in an effort to boost international travel after the pandemic tanked the tourism industry. The group said it was essential for speeding up global economic recovery efforts, but the move is raising concerns among critics who worry about government overreach and the rights of individuals.
The world leaders' Bali Declaration, included a section (s.23) on "facilitating seamless international travel." The impact would be vast because the G20 countries comprise more than 66 percent of the world's population.
People Are Getting Vaccine Passport Microchips Embedded in Their Hands as COVID Advances the 'Internet of Bodies'
New Viral Video About Vaccine Passport Implants Revives Fears of Chipping Humans
China's Big Brother 'Social Credit System' Now Tracks People in North America Too with Video Surveillance
The agreement called for shared technical standards and verification methods, including vaccine passports. It also commits to "support continued international dialogue and collaboration on the establishment of trusted global digital health networks that should capitalize and build on the success of the existing standard and digital COVID-19 certificates."
In a separate updated document, the G20 vows to: "Endeavour to move towards interoperability of systems including mechanisms that validate proof of vaccination, whilst respecting the sovereignty of national health policies, and relevant national regulations such as personal data protection and data-sharing."
It has been proposed that this digital health certificate would adhere to World Health Organization (WHO) standards. Under the proposal, only if a person has been vaccinated or tested according to those standards would they be able to travel internationally.
The vaccine passports could be paper or a digital code or an app that records and displays the user's health information, including COVID-19 vaccination status. Digital health passports would involve a scannable code similar to an airline boarding pass. Then tracking and tracing apps could monitor the user's movement and their interactions with other people. The app would even issue a warning if the user moves outside of the quarantine zone.
While the American mainstream media has been mostly silent about the vaccine passports, anchors of the British news outlet GB News posted a video to Twitter discussing the power the WHO would have over people's lives. One anchor even asked, "Where will it end?"
Meanwhile, several people in the U.S. are warning that if allowed, the health or vaccine passports would eventually track every aspect of Americans' lives, violating the U.S. Constitution, the Americans With Disabilities Act, and HIPAA, due to the fact that everyone's medical records would be a part of a worldwide database.
"Digital health or vaccine passports along with tracking and tracing apps present a serious threat to freedom. Vaccine passports and tracking apps are about collecting data and control," Liberty Counsel Founder and Chairman Mat Staver said in a press release.
"The vaccine passport is being promoted worldwide to limit a person's ability to leave home, work, shop, dine, travel, attend a public event, or even worship. COVID is being used to advance this dangerous threat to freedom. We must never accept vaccine passports or tracking apps as the new normal. The implications for freedom are significant," Staver said.
Social media users in the U.S. aren't crazy about the idea of having vaccine passports either.
One Twitter user commented, "G20 - BREAKING: leaders have just signed a declaration which states that vaccine passports will be adopted to 'facilitate' all international travel. This means any vaccination the WHO determines you should have. Changing your rights & freedoms forever. Silence from the media."
"Last time I checked, no one voted for the WEF, the UN, the WHO or any of these psychos to govern us at all," one user noted. "There will be NO vaccine passports for anyone who loves freedom."
Another user also wrote, "Why would you need global digital vaccine passports if the 'vaccines' don't stop transmission? Oh right, because this was never about a virus."
"'Health officials' still insisting on vaccine passports in spite of the fact that we now 100% know vaccines don't work. Either 'health officials' are stupid or the agenda ain't about health," another user commented.
>>> Clear Secure, Inc. (YOU) provides a member-centric secure identity platform in the United States. The company's secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking. It also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR app, a consumer-facing digital product that facilitates new user enrollment and member engagement from their mobile device. In addition, the company provides Reserve powered by CLEAR, a virtual queuing technology that provides users with the choice of how they queue either at home or on the move; and Atlas Certified, an automated solution to verify professional licenses and certification data across industries by communicating with certifying organizations for on-demand, current, and trusted data. The company was founded in 2010 and is headquartered in New York, New York.
>>> Biometrics stock list -
Alchera 347860 VIEW
Ambarella AMBA VIEW
Aware, Inc. AWRE VIEW
BIO-key BKYI VIEW
BrainChip Holdings Ltd. BRN VIEW
Cerence CRNC VIEW
CyberLink 5203 VIEW
Diebold Nixdorf Technology DBD VIEW
Egis Technology 6462 VIEW
Elan Microelectronics Corp. 2458 VIEW
FacePhi FACE VIEW
FEITIAN Technologies Co. 300386 VIEW
Fingerprint Cards FING-B VIEW
GBG GBG VIEW
Goodix 603160 VIEW
IDEX Biometrics IDEX VIEW
iFLYTEK 002230 VIEW
ImageWare Systems IWSY VIEW
Infineon IFNNY VIEW
Intellicheck IDN VIEW
Ipsidy IDTY VIEW
Liquid Avatar Technologies LQID VIEW
LogicMark LGMK VIEW
Mitek Systems, Inc. MITK VIEW
NEC 6701 VIEW
NEXT Biometrics Group NEXT VIEW
NICE NICE VIEW
NovaTeqni Corp. NTQ VIEW
Nuance Communications NUAN VIEW
OneSpan OSPN VIEW
Patriot One Technologies PAT VIEW
Ping Identity PING VIEW
Plurilock Security Solutions Inc PLCKF VIEW
Precise Biometrics PREC VIEW
RealNetworks (SAFR) RNWK VIEW
Remark Holdings, Inc. MARK VIEW
secunet YSN VIEW
SmartMetric, Inc. SMME VIEW
SuperCom Ltd. SPCB VIEW
Suprema ID Inc. 094840 VIEW
Synaptics SYNA VIEW
Thales Digital Identity and Security HO VIEW
Trust Stamp IDAI VIEW
Unioncommunity 203450 VIEW
VerifyMe Inc. VRME VIEW
Veritone VERI VIEW
ZignSec AB(publ) ZIGN VIEW
Zwipe ZWIPE VIEW
>>> What is a digital ID?
A digital ID is the electronic equivalent of an individual's identity card. A digital ID can be presented electronically to prove an individual's identity and their right to access information or services online. Digital IDs, also known as digital certificates, are electronic documents that use a digital signature to bind together a public key with an identity — this information can be a person's name or the name of an organization, etc. The certificate is used to confirm that a public key belongs to a specific individual. A Digital ID is issued by a Certification Authority (CA) and signed with the CA's private key. The following elements are generally contained in a digital ID:
The owner's public key
The owner's name
The expiration date of the public key
The name of the issuer (the CA that issued the Digital ID)
The serial number of the Digital ID
The digital signature of the issuer
>>> Arm’s cheap and flexible plastic microchip could create an ‘internet of everything’
by James Vincent
July 23, 2021
If you think microchips are ubiquitous now, appearing in everything from washing machines to lampposts, just wait until circuits can be printed onto plastic, paper, and fabric for the price of pennies. That’s what chip designer Arm is promising, with the company this week unveiling a new prototype plastic-based microchip named PlasticARM.
PragmatIC Plastic chips would be flexible and cheap; meaning they could be printed pretty much anywhere.
This isn’t the first flexible chip we’ve seen, but it is the most complex. PlasticARM contains a 32-bit Cortex-M0 CPU (the cheapest and simplest processor core in Arm’s Cortex-M family), as well as 456 bytes of ROM and 128 bytes of RAM. It’s comprised of over 18,000 logic gates, which Arm says is at least 12 times more than the previous plastic-based chip.
The chip was designed in coordination with flexible electronics maker PragmatIC, and as the company’s designers explain in a paper published in Nature, it doesn’t yet have the same functionality of silicon-based designs. For example, it’s only capable of running a trio of test programs hardwired into its circuits during fabrication, though Arm’s researchers say they’re working on future versions that will allow new code to be installed.
Arm’s PlasticARM chip isn’t the fastest or most efficient, but it is the most flexible.
What makes PlasticARM and similar chips so special is their use of flexible components; in this case, metal-oxide thin-film transistors or TFTs. These can be printed onto surfaces that bend and flex without degrading, unlike processors based on brittle silicon substrates. This makes it possible to cheaply print processors onto materials like plastic and paper.
As Arm’s researchers explain in their paper, this would allow microchips to be put to all sorts of uses that would seem wasteful today. You might have chips printed into every milk bottle for example that detect spoilage, replacing the use of sell-by-dates. Arm says this will create a new “internet of everything,” with chips integrated into “more than a trillion inanimate objects over the next decade.”
Plastic-based chips have major drawbacks, though, and will certainly not replace silicon processors in the short term. They’re simply too inefficient in terms energy consumption, density, and performance. PlasticARM consumes 21 milliwatts of power, for example, but 99 percent of that is essentially wasted, with only 1 percent captured for computation. The chip is also comparatively large, with an area of 59.2 square millimeters. As noted by AnandTech, that’s around 1,500 times the size of a silicon-based Cortex M0 processor.
As Arm research engineer James Myers told New Scientist: “It won’t be fast, it won’t be energy efficient, but if I’m going to put it on a lettuce to track shelf life, that’s the idea.”
>>> Passport – A Smart City Parking Platform
In the opening scene of the original Blade Runner from 1982, we’re introduced to a dystopian Los Angeles skyline filled with massive oil refineries perpetually spewing balls of fire into the air, generating an endless smog that covers the dark city of concrete skyscrapers and dim lights for miles. The year? 2019. So the screenwriters pretty much got it right on the money.
As populations rise and cities continue to gobble up more land across the globe, the number of megacities is projected to grow. Definitions differ based on what constitutes a city and how many people should live in a city to be labeled as a megacity. But according to the United Nations, which defines a megacity as a city with a population of at least 10 million people, there are at least 33 megacities around the world. Ten additional cities will gain megacity status by 2030.
United Nations - Megacities
More megacities are on their way.
We’re all aware of how mind-numbingly slow and inefficient local government can be. Just walk into any Department of Motor Vehicles (DMV) and experience it for yourself. Imagine compounding all those dreadful inefficiencies with a growing world population, with at least two out of every three people living in cities by 2050, and municipalities will soon have a living nightmare on their hands. In one megacity, Jakarta, residents can’t even be uniquely identified because people sometimes share the same ID number. The ‘Rona already showed how vulnerable cities are to interruptions to municipal services, turning simple tasks like renewing a license into a multi-month ordeal.
Building the Future with Smart Cities
Some clever MBAs figured out that by throwing “smart” in front of a word, we can transform everyday concepts into high-tech solutions of the future. And smart cities are being touted as one of those solutions to the growing challenge of overcrowded urban centers. The smart city concept, like any other smart buzzword, entails using a combination of digital technology, data-driven approaches, the Internet of Things (IoT), and artificial intelligence (AI) to create a streamlined experience for those fortunate to live in a concrete jungle. By connecting time-consuming, manual processes like getting a permit from the City Hall or dealing with municipal waste to a digital platform, efficiencies can be gained, costs reduced, and waste decreased to build a better quality of living for citizens.
We discussed some benefits of smart cities in our past piece on 11 Smart City Solutions Creating Smarter Cities. There are many components of a smart city, each at varying levels of technological maturity.
Today, we want to talk about one component of smart cities that’s lacking just about everywhere outside of, perhaps, Tokyo – parking and transportation. According to McKinsey, smart cities that adopt smart-mobility applications can cut commuting times by 15 to 20 percent. That could mean time savings of 20 to 30 minutes per day, and fewer downloads of guided meditations podcasts to keep you from developing a bad case of road rage.
We previously looked at how smart cities are tackling their transportation problems using technologies such as geospatial intelligence. It’s about time too. How many of us have driven around for hours looking for a parking spot, only to discover the meter only takes coins and our change purse is at home? Or how many of us got stuck on the sixth floor of a parking structure, only to realize half the parking stalls are for permit-only residents? That’s where smart-parking startup called Passport changes the game.
Smarter Streets and Sidewalks
Founded in 2010, Charlotte-based Passport is a startup that’s focusing on payment systems for transportation and mobility, allowing cities and universities to streamline parking payments, enforcement, micro-mobility applications (scooters and bikes), and digital permitting, all on a single platform. The 11-year-old company has raised $213.5 million in disclosed funding so far, pulling a cool $90 million just this month. The Passport platform essentially connects existing parking, permitting, and metering systems to new secure digital payment options as a one-stop-shop for all things related to municipal transportation operations.
Permanent residents and visitors no longer need to waste time at City Hall and waiting for approvals through the byzantine bureaucracy of modern local government, or drive in circles after getting their designated parking spot snapped up by their neighbor’s extra large Ford pickup truck. Passport has over 1,000 clients and partnerships with some of America’s notable universities and biggest cities – Chicago, Los Angeles, Miami, Omaha, Tucson, and Detroit – to help them increase efficiency and payment options for parking.
Use Cases for a Smart City Parking Platform
The smarter, simpler parking management experience touted by Passport is driven by its Parking Passport mobile app. The application is a single system that allows users to access a larger parking ecosystem with consistent rules, rates, and restrictions across all parking partners. That means parking customers don’t have to go running down the street to each individual street parking sign and read the obscure rules and restrictions on which day the street sweeper is coming or on which holidays parking is enforced. And that means fewer instances in which parking customers can contest the rules (there are actually companies now that handle parking tickets for people to get them off the hook which defeats the whole purpose of having rules and penalties for not following them). The vehicles of repeat offenders with open citation records can also be identified and penalized with higher parking fees. The result is a more seamless customer parking experience with less headache for everyone.
City Pulse - Passport Pay with the App
The Passport app provides users multiple options to pay for parking with several digital payment systems connected to their platform. That means users can keep their eye on the leftover time and continue to pay for more parking time before the meter runs out. No more rushing off in the middle of a happy ending to pay the parking meter, only to find out the parking enforcement officer has already slapped a hefty fine on your windshield.
Decreasing the number of manual transactions and processes also helps partners reduce wear-and-tear on their meters and kiosks. Over time, using Passport can extend the investment lifetime of partners’ parking hardware and lower processing costs from credit and debit card transactions. Not to mention there’s some nifty reporting made possible by the rich data sets being generated on the backend.
Passport - Parking Portal
The Passport Parking Portal tells you how much cash you’re raking in.
The Passport Operating System combines data from parking, enforcement, and permits that gives partners access to rate and restriction management in real-time. The parking data can also be analyzed for better decision-making. For example, if a parking lot seems to be congested on certain days or seasons, the operations team can decide to increase the rate for that day, or open up a second parking lot to ensure equitable access to parking for all visitors and residents.
A Case Study in Bahstun
If you misplaced your khakis and can’t start your car, you’re probably from Bahstun, a city that thought introducing mobile payments would decrease overall parking revenue because fewer tickets would be written. Passport’s salespeople handled these objections gracefully, and their baby was born – ParkBoston.
In the first year, the city was right, and parking violation revenues plummeted. But you won’t believe what happened next. Revenues from parking soared +240%. Turns out the decrease in ticket fees the city correctly predicted was offset by the increased revenue through the app, creating a win-win for parking officials and parkers alike. Moral of the story is, if you make it easier for people to pay, they end up paying you more.
ParkBoston was a private label application Passport built specifically for the City of Boston. The app has been featured as one of the “must-have” apps in Boston, and has won awards for its marketing efforts and events. What’s even more impressive is the time it took to deploy. In only 57 days, the platform was rolled out to all of Boston’s 8,000 meters.
The Bigger Picture
There’s a much bigger picture here than just a futuristic parking app. And we’re not just talking about all the big data that’s being generated. After all, there is no shortage of parking apps out there that promise similar benefits. Where we see the opportunity here is in the ability for additional revenues to be generated through dynamic pricing and enabling property owners with the ability to sell their spaces as they need. When you go on holiday, rent your apartment using Airbnb and your parking space using Passport. It should be that easy. If someone parks their electric scooter on your sidewalk, the app should automatically credit you with a small commission – courtesy of the scooter provider who is essentially renting your sidewalk.
Another more distant opportunity may be around autonomous driving. Sure, you could argue that autonomous cars won’t need parking spots because they’re always on the go, but you could also argue that they’ll probably need places to park too. All those nifty autonomous grocery delivery vehicles they’re building will need places to offload their goods. Of course, this opportunity can only be maximized if Passport can capture a lot of the parking market very quickly.
While we’re still a long way away from getting rid of the dense, ozone-rich smog that surrounds Los Angeles and other great cities of the United States, Passport can at least keep tourists and residents from clashing over 180 square feet segments of property. As more megacities blossom and parking becomes scarcer, smart cities need all the help they can get to make urban mobility more efficient and effective.
>>> A Smart City Future for Virginia’s Amazon HQ2 Neighborhood
Partnering with AT&T to build a comprehensive 5G network, National Landing’s lead developer wants to make the area the “most connected city in the country.”
By Linda Poon
July 20, 2021
Since Amazon.com Inc. announced it would build a second headquarters in Northern Virginia in 2018, developers and business groups have sought to transform Crystal City — in the part of Arlington County that’s been rebranded as National Landing — from a lackluster neighborhood of empty offices into an urban showcase of placemaking, sustainability and technology.
On Tuesday, the area’s lead developer laid out a vision with AT&T Inc. to build the country’s first “smart city at scale.” Developer JBG Smith will team up with AT&T to build a robust 5G network from the ground up within a four-mile zone that includes offices, residential and retail spaces, and Amazon’s forthcoming second headquarters.
The companies say the high-speed connectivity will lay the groundwork for National Landing to be a testbed for a host of urban innovations involving sensors, artificial intelligence and Internet of Things technology: anything from self-driving cars, to “smart” lighting that can track air quality, to robotics that help health care companies better monitor their clients’ medication.
“I'd love to see this become a living lab of innovation,” says Mo Katibeh, senior vice president of AT&T Network Infrastructure and Build.
In a post-pandemic future in which some office workers adopt a hybrid work schedule, the project aims to also connect residents in the area, which includes parts of neighboring Pentagon City and Potomac Yards, to “next-generation” 5G technology.
“The shifts to more hybrid and virtual work will require better connectivity, better redundancy and higher speeds,” says Matt Kelly, chief executive officer of JBG Smith. An advanced digital infrastructure could enable more innovations, he adds. “Those won't all have to take place in somebody's office. It can be someone's apartment.”
AT&T aims to deploy some of the network infrastructure in the first half of 2022, and expand it as the community develops so the network design can be responsive to tenant needs. JBG Smith currently has 6.8 million square feet of existing office space, and 7.2 million square feet of additional development space. The hope is that the promises of a “smart city” — a broad term sometimes used to describe tech-laden neighborhoods — will help attract innovators and businesses to move in, along with new residents.
Already, Virginia Tech is slated to bring a 65-acre innovation campus to the area, while Amazon has unveiled plans for its $2.5 billion double helix glass office tower looking over some 2.5 acres of public green space. The National Landing Business Improvement District has also outlined plans for $4 billion worth of transit projects.
If all goes as planned, a robust 5G infrastructure moves the area yet another step closer to becoming what the companies describe in their press release as “the most connected city in the country.”
Beyond U.S. borders, other companies have ramped up their futuristic ambitions. Toyota recently broke ground on Woven City, proposed to be a sensor-laden, breathing laboratory for the future of autonomous vehicles at the base of Mount Fuji in Japan.
In some other places, though, the momentum for smart cities slowed during the pandemic. As Wired reported, projects in Columbus, Ohio — winner of the Department of Transportation’s Smart City Challenge in 2016 — stalled last year, forcing organizers to rethink the very concept of a smart city. And in May 2020, Alphabet Inc.’s Sidewalk Labs shut down its controversial two-year-long project to turn Toronto’s waterfront into its own kind of living laboratory, citing “unprecedented economic uncertainty” globally and in the city’s real estate market. Before that, the project faced heavy pushback from residents over concerns about privacy and the lack of transparency.
Kelly and Katibeh said those examples serve as cautionary tales, but asserted that their approach puts consumers — and their expectations — first, and that they are committed to being transparent. “We're not a data company,” Kelly says. “We're a service company, and starting with that objective, I think, is one hugely important differentiator.”
For AT&T, the National Landing project will be a chance to build a 5G network from the ground up, using not only low- and high-frequency airwaves, but additional mid-band spectrum that's capable of fast connections and broad reach. JBG Smith paid $25.3 million in September for licenses to use that spectrum. AT&T says it will integrate 5G antennas into street furniture and the sides of buildings to connect people and devices instantaneously.
The carrier has been expanding its 5G network in the U.S. for nearly two years along two paths. For most of the country, it is using low-band frequencies that carry signals over long distances but not at blazing speeds. In higher-traffic areas like stadiums, airports and campuses, AT&T uses millimeter-wave frequencies that carry data bits at fiber-network speeds but only over limited distances.
AT&T is racing with rivals Verizon Communications Inc. and T-Mobile US Inc. to roll out a 5G network. After a brief venture into entertainment, AT&T has vowed to focus on its wireless and broadband business. A so-called smart city running on the carrier’s 5G technology near the U.S. Capitol and close to Amazon.com Inc. and Boeing facilities, will serve as both a test bed for new applications and a showcase as AT&T hopes to add more metro areas to its list.
>>> The City Governments That Have Mastered Data
The initiative What Works Cities has awarded certifications to 16 additional local governments for how they use data in decision-making.
By Marie Patino
July 15, 2021
If one thing has thrived during Covid-19, it is the data dashboard.
Months into the pandemic, city halls, counties and every state across the U.S. had their own spin-off of the initial John Hopkins University dashboard, executed with various degrees of expertise — and usability. Covid dashboards and their more uplifting vaccination successors have also been subject to criticism, from lack of accessibility to underlying data not being easily retrievable. But together, they constitute an important step forward in making information of public health importance more visible.
This wasn’t made possible overnight. Data has become central to city hall, and a growing number of municipalities are now integrating it at every step of their decision-making processes. An initiative called What Works Cities, backed by Bloomberg Philanthropies and other partners, certifies cities based on how well they use data, from measuring goal achievement to making information public. This week the program awarded 2021 silver, gold or platinum certifications to 16 new U.S. cities, during a period in which the use of data for governance has proven crucial.
According to a report from Monitor Institute by Deloitte and What Works Cities, city governments that use data also are able to identify the needs of residents more efficiently, and deploy policies where they can have the greatest impact. In San Jose, California, the municipality sent outreach workers in the field to find out what neighborhoods in the city had the least access to broadband. After creating heatmaps of areas that needed more access to the internet, the city placed “small cell sites” in areas lacking them. A similar strategy was put in place in the early days of the pandemic: When schools closed and access to broadband became vital for children to continue learning from home, the city distributed 13,000 hotspots to families.
In Chattanooga, Tennessee, a city that achieved What Works Cities Gold certification this year, the municipality put together a task force
to house homeless veterans. It started by identifying every single member of the population, to be able to reach out and find solutions for every individual. This could not have been achieved without sending out people in the field in the first place to effectively gather information.
At the end of the policy cycle, using data means being able to evaluate results. Municipalities that are proficient at data often have extensive open data portals, making important datasets — like budget allocations or 311 and 911 calls — available to everyone for perusal and analysis. The municipality of Baton Rouge, Louisiana, has released 50 of its most important datasets on its open platform, Open Data BR. Among them: budget information and real-time traffic flows. Residents have, according to the Deloitte report, effectively been using the platform to create their own visualization of the datasets they’re interested in exploring.
The latest certified cities bring the total number to 40 since What Works Cities started the certification program in 2018. Since forming in 2015, the group has spent more than $84 million on training, coaching and technical assistance for its 254 local government members.
>>> 6 Biomimicry Companies Helping Nature Heal Itself
Since when did Americans go from talking about the likelihood of weekend rain to practically fist fighting over changing weather patterns? “Save the planet!” they’ll demand of you, as they wave their placards in the air. Seems a bit arrogant to think that mankind is capable of determining nature’s fate, but the debate is irrelevant. We should be cleaning up the planet and aligning ourselves more closely with nature, regardless of which political party flag we’re waving. It couldn’t be better said than below:
Nature is the single most powerful technology known to man, and we know so little of how it works. The method in which cells reproduce and perform tasks is the most efficient manufacturing platform conceivable, which is why we speak about companies like Ginkgo Bioworks with a hushed reverence. If mankind can somehow harness the superior properties of observable nature, we can transform entire industries, all while saving the planet during the process.
Nature is pleased with simplicity. And nature is no dummy.
The Promise of Biomimicry
Biomimicry, biomimetics, nature-inspired, these are all terms for products or materials that are based on inspirations taken from nature. We first covered this topic in our 2017 piece on 8 Biomimicry Examples Taken From Actual Startups, and more recently in last year’s piece on Bolt Threads and Spider Web Clothing. The latter is a startup that’s mimicking a spider’s incredibly functional threads. While entrepreneurs have been trying to mimic nature for decades, this time it’s different. This time, we have lots of tools at our disposal, things like artificial intelligence, gene editing, genetic sequencing, and the list goes on. Today, we’re going to look at six biomimicry companies taking inspiration from nature to help her heal.
Better Filters from Butterflies
In 2015, researchers found that the glasswing butterfly’s transparent wings are caused by nanopillars that are irregularly arranged and feature a random height and width distribution. This is different from other anti-reflection coatings found in nature, and just one of many interesting things you can learn by studying the wings of a butterfly. And that’s exactly what our first startup has been doing.
Founded in 2017, Bahstun startup Metalmark has taken in an undisclosed amount of funding with the most recent being an April 2020 seed round. The team took inspiration from a butterfly’s wings to develop indoor air purification systems that destroy, rather than trap, volatile organic compounds, viruses, and ultrafine particles. The platform can be applied to a variety of use cases such as specialty coatings, emission control, chemical production, fuel cells, and carbon dioxide conversion.
Initially, they’ll need to settle on a single use case and demonstrate product-market fit, something the CEO should know the importance of. Steering the Metalmark ship is Sissi Liu, an experienced executive with more than 17 years in cleantech and sustainability, entrepreneurship, and venture investing. She’s made sure they’ve locked up some intellectual property by licensing technology from the Wyss Institute and Harvard SEAS who have developed “a new type of catalytic coating that is inspired by the honeycomb-like nanostructure of a butterfly’s wing.”
The technology is said to significantly decrease the amount of precious metals used by the $20 billion catalytic converter industry. This use case is particularly notable given that catalytic converter theft has gone through the roof because rare precious metal prices have done the same.
Catalytic converter thefts reported to the King County Sheriff’s Office since 2019
The thief makes a couple hundred bones for a few minutes’ work while the car owner – or their insurance company – are out a few thousand. Maybe soon, stealing catalytic converters will become a thing of the past. That would also decrease the demand for rare metals which are often mined in emerging markets where environmental impact is an afterthought.
Wind Turbines from Kingfishers and Maple Leaves
It’s not just Japanese bullet trains that take inspiration from the kingfisher’s beak, a streamlined object that can be plunged into water without so much as a ripple forming. Founded in 2015, Canadian firm Biome Renewables has taken in $1.9 million in funding to develop the PowerCone, a turbine retrofit that can be fitted to 98% of all installed turbines around the world resulting in a +13% increase in annual energy production.
The kingfisher helped inspire the design of the mini-blades, and so has Canada’s iconic maple leaf, something that becomes obvious when you look at the above picture. The problem that’s being solved is called “root leakage,” and it refers to the center of a wind turbine not pulling its weight and actually dragging down the blades around it, an aerodynamics issue that’s far better explained by someone without an MBA. It all comes down to some bolt-on efficiency for the (as of 2017) 341,000 turbines spinning away on our revolving planet. Couple that hardware with some software, and a nice software-as-a–service (SaaS) offering could be sold to the more than 30 suppliers of wind turbines across the globe
Composites from Mantis Shrimp
When a mantis shrimp attacks its prey, it does so with such speed – about that of a .22 caliber bullet – that the water vaporizes. That weapon the shrimp uses is made of ultra-tough material, and that’s where inspiration was taken to do the same for existing composite materials, such as fiberglass, carbon fiber, and fiber.
Founded in 2019, Los Angeles startup Helicoid Industries has taken in $2.4 million in disclosed funding, all of which came in the form of a September 2020 seed round. Over $12 million was spent over the last 14 years by research departments and universities around the world developing Helicoid architecture before the company licensed it from the University of California at Riverside. The end result is a materials-agnostic method of stacking parallel fibers in order to make composites stronger, more impact-resistant?, more durable, and more sustainable, all at a lower production cost?. Increasing the lifespan of materials means we’ll need to manufacture less of them, which means the planet will be all the better for it.
An article by Manufacturing Technology Insights talks about how the Helicoid architecture technology was launched at the beginning of the year 2020, with more than two dozen composite materials manufacturers building prototypes using the structure and testing them for various applications. It’s a $100 billion industry that stands to benefit from an animal that shoots a stream of water when picked up, what the Chinese call a pissing shrimp.
Hydrophobic Cleaning Materials from Plants
The promise of hydrophobic materials has been a flagship idea for many a startup. For example, the lotus leaf is known for repelling both dirt and water because of its roughly-textured surface covered in one-nanometer crystals. Anyone remember Nano-Tex?
Founded in 2018, Pennsylvania’s own spotLESS Materials took inspiration from plants to develop a collection of non-stick coatings designed to use less water and less aggressive cleaners to keep surfaces clean (LESS stands for liquid-entrenched smooth surface). The whole thing started when Sir William of Gates wanted to investigate how to get poo to flush while using less water. The below picture explains the desired effect.
99% less bacteria, 95% less hard water stain, 90% less sticky
spotLESS fond that most hydrophobic coatings are excellent at repelling liquid, but fall short in their ability to repel sludge-like material. That led to a series of household products being developed which are now available on the company’s website. For $15, their toilet coating will make your servant’s life a whole lot easier.
In 2019, spotLESS received some very early-stage funding from Y Combinator and an angel investor to develop their technology into household products, which they did. While it sounds like a “build it and they will come” business model, they did receive some validation from a company that might help sell those products. One of our dividend champions, Procter & Gamble, endorsed spotLESS by crowning them a finalist in their 2021 innovation challenge.
We often see many nanomaterials companies selling products on their websites which is usually code for ‘we can’t sell them anywhere else.” Trying to sell a fast-moving-consumer-good (FMCG) product yourself is the kiss of death unless your name is Ron Popeil. Another round of funding would demonstrate continued traction and momentum for this interesting little biomimicry company.
Better HVAC Systems from Bees
Much like chavs in a Manchester nightclub, bees communicate using dances and pheromones. It’s the latter species that our next company took inspiration from. Founded in 2005, Canadian startup Encycle has taken in (based on various sources) at least $40 million in disclosed funding. Their most recent round, a $7.5 million financing round from a group of advanced energy investors, closed just days ago. That money was used to build Swarm Logic, a software-as-a–service (SaaS) solution that enables commercial and industrial customers to lower electric costs, maximize efficiency, and reduce environmental impact. The methods which bee swarms use to communicate helps Encycle’s small wireless controllers interact within smart buildings to reduce the single biggest energy expense – heating, ventilation, and air conditioning (HVAC).
If there’s one thing we like more than SaaS business models, it’s companies whose value proposition is saving other companies money. Swarm Logic customers routinely reduce HVAC electric costs and consumption by 10 to 20 percent with little or no capital investment. In the past couple of years, Encycle customers saved over $10.5 million in energy costs while reducing CO2 emissions by nearly 60,000 tons. Swarm Logic has been deployed at over 1,000 sites, a number which may soon become much larger. Last March, American conglomerate Honeywell integrated Encycle’s energy management software into Honeywell Multisite’s building automation system platforms. Let’s just say that news has greentech investors coming around in swarms.
Low CO2 Cement from Marine Organisms
Cement is the second most consumed product on Earth after water, so it’s no surprise we’ve been seeing lots of “green cement” startups cropping up. Our belief is that these green substitutes being peddled need to demonstrate superior economic value outside of just the “green” appeal. Subsidizing green solutions will never scale. That’s why we love companies that offer green products at the same or lower prices than their dirty substitutes – like Fortera.
Founded in 2017, this San Francisco company with undisclosed funding doesn’t say much about itself in Crunchbase, our go-to database for startup information. That’s probably because the team is too busy executing on their proprietary recarbonation (ReCarb™) process that works by tapping into the existing feedstock and equipment at cement plants to re-carbonate calcium oxide with waste CO2 from kilns. Production carries on – business as usual from the quarry to the kiln – while less temperature and fewer ingredients are required. The biomimetic aspect is the inspiration the company took from the way marine organisms build structures like coral reefs using calcium carbonate.
For every ton of Fortera cement used, almost half a ton of CO2 is permanently stored in whatever gets built. The best part? It costs 10% less than traditional cement without sacrificing quality or performance. Fortera’s product and production process are in the commercialization stages and will be consumer and partner ready by early 2022.
Most biomimicry companies have great stories that people can easily understand based on our common understanding of nature. The danger with some of these startups is that they’re a good idea looking for a problem.
Having an idea isn’t enough. There needs to be traction in the form of paying customers, especially reference customers, that can be used to sell even more products or services. Biomimicry is now attracting the ESG-types, which means investors need to be extra cautious. Just because an idea sounds good and will benefit the planet, doesn’t mean it’s going to scale.
>>> Mitek: A Promising Name Held Back By Legal Troubles
April 4, 2021
The market for digital identity verification is expected to grow at a pace of over 13% CAGR for the next several years. Mobile identity verification is set to grow even faster.
Among the names vying for a share of the market is Mitek Systems, Inc. (MITK), a company known primarily for its remote check deposit service called Mobile Deposit. Mitek's application, which utilizes the user's mobile or PC camera to scan checks as well as verify the identity of the user, allows checks to be deposited remotely at more than 7,500 financial institutions.
The pandemic has been a significant tailwind for Mitek's remote check deposit business, but there are two lingering problems that have suppressed the share price. The first is that the market for remote check deposit is fading as fast as the use of checks. It may take several years, but the use of checks will eventually disappear almost entirely, replaced by various forms of digital payments.
As for the second, it relates to an ongoing patent dispute with former partner and now competitor United Services Automobile Association (USAA).
Several years ago, the two companies teamed up to develop a remote check deposit solution, but in 2012, they had a falling out over patent ownership. In 2014, the differences were settled and both companies agreed to suspend legal actions.
Now, after several years and a change in leadership, USAA has picked its patent infringement accusations back up. However, USAA has a new strategy. It is not suing Mitek, but instead is taking legal action against Mitek's customers. USAA has already won two judgements against Wells Fargo (WFC) in excess of $300 million combined. Additionally, USAA has now announced that it is going after PNC Bank. If USAA keeps winning in court, it could theoretically take legal action against each of Mitek's 7,500 customers.
While the final outcome of the dispute between USAA and Mitek is uncertain, USAA has been victorious in court so far against Wells Fargo. Wells Fargo has not been successful in reversing the court decisions and has not indicated whether it would attempt to recover the settlement from Mitek, which would likely bankrupt the latter.
Currently, two-thirds of Mitek's revenue comes from remote check deposits. Given the two problems with remote check deposit highlighted above, it is important for Mitek to expand into new industries.
The company has been doing just that the last few years by venturing into the Identity-as-a-Service (IDaaS) space. The purpose of IDaaS is to verify an individual's identity during digital transactions. Given that Mitek already has a relationship with a vast number of retail banks and other financial institutions, this should prove to be an advantage for growing the company's IDaaS market share.
Its applications include Mobile Verify and Mobile Docs. Mobile Verify provides customers with the means to scan an identity card or passport, verify the customer's identify with live face comparison, and pre-fill forms with the extracted information. Mobile Docs allows users to upload documents while verifying the owner and the owner's address. The application is used for such services as brokerage account opening, remote notarization, remote hotel check-in, and accessing government websites.
Putting the legal issues aside, Mitek has been a strong performer, particularly during the pandemic when remote deposit has had a renaissance of sorts with the distribution of government handouts. In Q1'21, total revenue grew by 18% year-over-year. Identity Verification revenue grew by an impressive 40% year-over-year. On top of this, trailing twelve-month free cash flow margin of 25% was also very strong. Despite the solid financial performance, the stock price is a bargain, with a price/sales ratio of 6, quite low for a growth stock.
Wall Street’s Take
From Wall Street analysts, Mitek earns a Strong Buy consensus rating, based on 3 unanimous Buys. Additionally, the average analyst price target of $22.00 puts the upside potential at 44%. (See Mitek Systems stock analysis on TipRanks)
Summary And Conclusions
Mitek is an industry leader in remote check deposit, an industry that experienced strong tailwinds during the pandemic. That said, the company faces two problems. First and foremost, the market for remote deposit is expected to shrink over the next several years in conjunction with declining check usage. The second issue is that Mitek has an ongoing patent dispute with USAA, and depending on how the court actions play out with Mitek's customers, the company could end up bankrupt.
On the positive side, Mitek has more than 7,500 customers consisting of regional banks and other financial institutions. Mitek's relationship with these organizations is ideal for cultivating the company's IDaaS applications. Revenue growth and free cash flow are also both strong.
Disclosure: On the date of publication, Steve Auger did not have (either directly or indirectly) any positions in the securities mentioned in this article.
BioCatch - >>> The Leader in AI-Driven Behavioral Biometrics
BioCatch was founded in 2011 by experts in neural science, artificial intelligence (AI), machine learning and cyberterrorism. The newly-founded company had a significant mission: to address next-generation digital identity challenges by focusing on online user behavior rather than static authentication measures, like passwords or endpoint security. They discovered an untapped goldmine.
Powerful behavioral insights — gleaned from the analysis of more than 2,000 physical and cognitive behavioral parameters — were able to support different use cases across the digital identity lifecycle. The technology enabled the holy grail of the modern digital era — seamless and secure online experiences. Behavioral biometrics, a technology used to identify people based on their behavioral parameters, was born.
BioCatch founder Avi Turgeman began pursuing a theory that people interact with machines in unique, measurable ways while serving in military intelligence. Drawing on years of experience exploring white-hat hacking, system vulnerability management and cyberterrorist operations, Turgeman turned his attention to online fraudsters and their identifiable signatures, co-founding BioCatch with Benny Rosenbaum.
In developing their AI-driven platform to passively identify both human and non-human behaviors online, BioCatch upended the paradigm of having to choose between security and convenience. Today, the company continues its commitment to innovation through an unparalleled IP portfolio of more than 60 granted or pending patents.
The BioCatch platform is deployed by major banks and other global enterprises to help manage their digital identity challenges. The technology prevents new account fraud, authenticates online users, prevents account takeover fraud and detects vishing scams, generating impressive returns on investment that come from catching more fraud as well as reducing false positives and unnecessary escalations.
BioCatch has been recognized for its industry leadership and cutting-edge approach to behavioral biometrics and digital identity in the CB Insights AI 100, One World Identity Leading Innovators in Identity, Deloitte Technology Fast 500, Florin Awards for Best Innovation in Securing Transactions and more.
>>> TietoEVRY and Zwipe join forces to deliver biometric payments to banks in the Nordic and Baltic regions
October 8, 2020
OSLO, Norway and HELSINKI, Oct. 8, 2020 /PRNewswire/ -- Biometric fintech Zwipe and TietoEVRY, the leading provider of software and digital banking services in the Nordics, have agreed to jointly roll-out biometric payment solutions based on the Zwipe Pay ONE platform.
With the recent surge in demand for safer and more secure payments, TietoEVRY is embracing biometric payment innovations that enable more hygienic, secure and convenient payments for consumers.
"We are excited to roll-out the Zwipe Pay ONE platform in close collaboration with Zwipe, a pioneer and innovator in biometric payments. We selected Zwipe as the most interesting partner for mass market deployment. Together, we will support banks to roll-out biometric payment cards and wearables at scale. From recent discussions with issuers, we already see broad interest for such innovations. Clearly, now is the time to take action," says Jarmo Rouhiainen, Head of TietoEVRY Card Production and Personalization Services.
As part of this commercial agreement, Zwipe will provide TietoEVRY with technical support towards biometric payment card integration, enrollment solutions, and a complete end-to-end advisory offering aimed at helping banks successfully deploy biometric payment solutions. TietoEVRY will source their Zwipe Pay ONE-based cards through their network of card manufacturers.
"Partnering with TietoEVRY is a significant milestone for Zwipe. TietoEVRY's deep relations with a large number of banks in the Nordics, Baltics and beyond will be a strategic complement to Zwipe's technology leadership, accelerating the deployment of next generation contactless payments. Partnering closely with one of Europe's strongest players in payment services, we are further showcasing the value-add we deliver to the ecosystem," says André Løvestam, CEO of Zwipe.
>>> Accenture (ACN) has joined the ID2020 Alliance with partners like Microsoft to create an open, human-centric approach to identity. The alliance draws on advances in biometrics and innovative technologies and brings together expertise from business, government and non-government agencies. Our experts at the Dublin Innovation Center contribute cross-functional and cross-cultural expertise to drive it forward in collaboration with both UN and other global humanitarian organizations. Get in touch with us.
Our solution is personal, private and portable, empowering individuals to access and share appropriate information when convenient and without the worry of using or losing paper documentation. To solve problems faced by people who lack official identities face, Accenture leverages its Unique Identity Service Platform to deploy a breakthrough biometrics system that can manage fingerprints, iris scans and other data.
>>> IDEX Biometrics ASA (IDXAF) engages in the design, development, and sale of fingerprint identification and authentication solutions in Europe, the Middle East, Africa, the Americas, and Asia. The company offers IDEX Biometrics for the biometrics smart card market, including biometric fingerprint sensors for use in dual interface, contactless only, and contact only smart cards; biometric fingerprint modules for contact based smart cards; and on-card enrollment solutions for remote in-person enrollment. It primarily serves biometric payment card market, as well as offers its products and solutions for other markets, including access control, identification, healthcare, and the Internet of Things. The company was formerly known as Idex ASA and changed its name to IDEX Biometrics ASA in May 2019. IDEX Biometrics ASA was founded in 1996 and is headquartered in Oslo, Norway.
>>> Mitek Systems, Inc. (MITK) develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and browsers to facilitate online user experiences, fraud detection and reduction, and compliant transactions. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, an application to prefill forms with user data by snapping a picture of the driver license or other similar identity documents; Mobile Docs, a mobile document scanning solution; and MiSnap, an image capture technology. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; XE, a recurrent neural network engine; and ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents. The company sells its solutions primarily to banks, credit unions, lenders, payments processers, card issuers, fintech companies, and others through direct sales teams and channel partners. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.
>>> Patriot One Technologies Inc. (PTOTF) engages in the research, development, and commercialization of threat detection solutions worldwide. It operates through Patriot Threat Detection and Xtract segments. The Patriot Threat Detection segment develops and commercializes a platform of multisensor threat detection technologies. The Xtract segment develops and commercializes artificial intelligence solutions. The company's products include PATSCAN VRS Video Recognition Software that combines digital cameras and artificial intelligence to automate the detection of visible weapon threats, fights and even health and safety issues; and PATSCAN MSG, an autonomous detection system that detects threats on individuals carrying concealed guns, knives or related threat objects into secured private or public spaces, and can be installed at schools, stadiums, concert halls, shopping centers and other entryways into private, public or secured buildings. It also develops PATSCAN CMR, a cognitive microwave radar concealed weapons detection system, which is used in trains, clubs, schools, stadiums, banks, airports, prisons, shopping malls and offices; and PATSCAN STS, a technology for the detection of explosives and other threats, such as chemical and biological agents, as well as illicit narcotics. The company was formerly known as Clear Mountain Resources Corp. and changed its name to Patriot One Technologies Inc. Patriot One Technologies Inc. was incorporated in 2010 and is headquartered in Toronto, Canada.
>>> Zwipe AS, (Norway) a biometric technology company, develops and commercializes biometric authentication solutions in the areas of payment, access control, and identification cards in Norway and internationally. The company provides Zwipe payment solution, a fingerprint activated payment card; biometric enrolment tablet for mobile registration and authentication of biometric cards by card issuers; and a wearable device for tokenization of payment applications. Zwipe AS has collaboration with Publicenter on biometric payment solutions. Zwipe AS was founded in 2009 and is headquartered in Oslo, Norway.
>>> EyeLock (private co)
EyeLock's technology provides an unprecedented level of convenience and security with unmatched biometric accuracy, making it the most proven way to authenticate identity aside from DNA. EyeLock's proprietary iris authentication technology looks at more than 240 unique iris characteristics and provides a fast, user-friendly authentication experience.
EyeLock iris authentication is suitable into other technologies and is suitable for use in many market segments. While biometric modalities such as facial and fingerprint recognition are satisfactory for low to medium security applications, iris provides the highest level of security and convenience.
Notable use cases for iris identification exists today within enterprise, healthcare, financial services, education, corrections, stadiums, border control, automotive, government, and other prominent business applications.
Eyelock researchers and scientists are working in labs and in the field to create technology to improve every facet of identity based product and technology, from access control, border solutions and transportation to advanced banking and payments applications. EyeLock Corporation is at the forefront of providing the most secure and cost effectiveways in which to reduce identity theft and fraud.
Innovation doesn't stop with todays’ technology. The future possibilities are endless and Their world class researchers are working on a wide range of projects - from technology that can identify people in motion at distances greater than 50 feet - creating endless possibilities for Identification in Anonymity®, to embedding Their industry leading technology in a form factor smaller than a USB drive, to incorporating the most advanced privacy components and delivering security with all the privacy preferences required to satisfy today’s digitally driven consumers.
>>> Nxt-ID, Inc. (NXTD) provides technology products and services for healthcare applications. It develops and markets solutions for payment, Internet of Things (IoT), and healthcare applications with experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization, and sensor technologies. The company, through its subsidiary, LogicMark LLC, manufactures and distributes non-monitored and monitored personal emergency response systems sold through dealers/distributors and the United States Department of Veterans Affairs. It serves various end markets, including the security, healthcare, financial technology, and the IoT markets. Nxt-ID, Inc. was founded in 2011 and is headquartered in Oxford, Connecticut.