Facial Recognition News

Recent industry report about Facial Recognition company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Facial Recognition Market industry experts.

Facial Recognition News

  • September 2022: CyberLink Corporation, an AI and facial recognition technology, integrated its AI facial recognition engine, FaceMe, into MediaTek’s new AIoT platform, Genio. With the recent MediaTek’s Genio 1200 integration, FaceMe further provides AIoT/IoT developers and system integrators accurate facial recognition capabilities for flexible deployment across various industries, including security, access control, public safety, smart banking, and smart retail.
  • March 2022: Salto Group announced the acquisition of Cognitec Systems to build face biometrics into the access control portfolio. The acquisition was expected to enhance Cognitec’s research and development efforts and market reach for its product portfolio as it collaborates with Salto on new technologies for expanding biometric markets.
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  • May 2022 - Ministry of Transportation and Communications, Astrophysics, Inc. entered into a contract with BARMM- Port's security equipment for the supply, delivery, installation, and commissioning of brand-new baggage x-ray machines and walk-through metal detectors with brand new generator sets.
  • February 2022 - Rapiscan Systems, Inc. has chosen Meridian Knowledge Solutions to provide a learning management system with eCommerce capabilities. Rapiscan Systems required a scalable and adaptable solution to assist in managing and delivering a more comprehensive training solution to their customers and partners. Rapiscan Systems' training program for their Non-Intrusive X-ray Systems will be enhanced and supported by this solution.
  • March 2023: OSI Systems, Inc.'s Security division announced that it had received an order worth approximately USD 20 million from ANA Aeroportos de Portugal for multiple units of its RTT 110 (Real Time Tomography) explosive detection system. The explosive detection system units will be installed at airports throughout Portugal to screen passengers' checked baggage. The company has also been contracted to provide ongoing maintenance, service, and support for these installations.
  • February 2023: Smiths Detection Inc. announced that it had been awarded a contract to supply New Zealand's Aviation Security Service (AvSec) with advanced checkpoint security technology for its five major international airports in Christchurch, Queenstown, Dunedin, Wellington, and Auckland. The company will provide 35 HI-SCAN 6040CTiX CT X-ray machines and an iLane.evo smart automatic tray return system, and the iCMORE Weapons algorithm.
  • September 2022: CyberLink Corporation, an AI and facial recognition technology, integrated its AI facial recognition engine, FaceMe, into MediaTek’s new AIoT platform, Genio. With the recent MediaTek’s Genio 1200 integration, FaceMe further provides AIoT/IoT developers and system integrators accurate facial recognition capabilities for flexible deployment across various industries, including security, access control, public safety, smart banking, and smart retail.
  • March 2022: Salto Group announced the acquisition of Cognitec Systems to build face biometrics into the access control portfolio. The acquisition was expected to enhance Cognitec’s research and development efforts and market reach for its product portfolio as it collaborates with Salto on new technologies for expanding biometric markets.
  • January 2022 - Princeton Identity (PI) and Emphor Trading Abu Dhabi, a division of ScreenCheck and a subsidiary of The Centena Group, formed a new biometrics partnership. According to the partnership, Emphor Trading will offer PI's entire portfolio of iris and face biometric security solutions to its customers as part of the partnership and tailored integrations to suit specific security and operational demands.
  • November 2022 - NEC Corporation has begun full-scale promotion of its latest multimodal biometric authentication solution, which serves as the flagship of its "Bio-IDiom" biometric authentication brand (*1). This is the first solution to combine NEC's face recognition and iris recognition, both of which have been named the world's best by the US National Institute of Standards and Technology (NIST) (*2). NEC began selling this solution in Japan, and will be available in global markets in the spring of 2023.
  • May 2023 - The EY company announced that EY OpsChain ESG is now usable in beta form on the EY Blockchain SaaS platform. The new solution, created on the Ethereum blockchain, would give businesses that find it difficult to precisely measure and manage their carbon footprint a single, verified picture of CO2 emissions (CO2e). Through tokenization, it will also give customers, business partners, and regulators the transparency required to trace emissions and carbon credits throughout an ecosystem.
  • April 2022 - Newrl, a blockchain for decentralized finance, has introduced tokenized-based equity alternatives for unlisted firms. This is the first Web3 innovation for ESOP solutions for entrepreneurs in India. The platform will make startup stock a more liquid asset class by enabling the tokenization of equity to create ESOPs, raise money, and enhance governance through smart contracts.
  • Jul 2022: ShapeShift DAO announced that the WalletConnect v1.0 protocol and the Keplr, XDEFI Wallet, and Tally Ho wallets are now integrated with their open-source web app. These integrations might add more than a million more qualified users. Users of app.shapeshift.com can more easily handle all DeFi activities non-custodial and without fees due to ShapeShift's existing wallet and chain support. ShapeShift already supports more wallets, chains, and protocols than any open-source, community-owned cryptocurrency program.
  • May 2022: The CoolWallet Pro Pizza Day Edition for users of nonfungible tokens (NFTs) has been released by Taiwan's Pizza Hut and CoolBitX. Pizza Hut and CoolBitX partnered to create the CoolWallet Pro Pizza Day Edition cold wallet, which can store cryptocurrencies and execute transactions on NFT platforms OpenSea and Rarible. According to a press release from the firm, CoolBitX's "CoolWallet Pro" supports 1inch and MetaMask, making it easier and faster for customers to save NFTs. The restricted edition cold wallet costs USD 159.
  • Apr 2021: ShapeShift completely integrated with THORChain, enabling direct trading of native Bitcoin (BTC) with Ethereum (ETH) and Litecoin (LTC). ShapeShift's mobile users can make cross-chain swaps without using an intermediary, custodian, or counterparty of any kind.
  • March 2023: In Axis Communications and Genetec Inc. partnered to launch Axis, an enterprise-level access control solution that combines Genetec access control software and Axis network door controllers in a single, easy-to-deploy package. This solution is the first of its kind on the market and utilizes Genetec technology to provide unified security, public safety, operations, and business intelligence solutions.
  • February 2023: Air Canada announced a new digital facial recognition pilot program for selected flights between Vancouver and Winnipeg, as well as for qualified customers at the Air Canada Café at Toronto Pearson International Airport. The airline claims to be the first in Canada to offer this technology to its customers. The program aims to streamline the boarding process, reduce wait times, and increase efficiency. Air Canada plans to eventually extend this service to a few Canadian airports and Maple Leaf Lounges.
  • April 2023: The Government of India has launched 254 '4G mobile towers' in LAC villages in Arunachal Pradesh. Further, these 254 towers will provide 4G coverage in 336 villages, including several areas that have remained unconnected since Independence. Most of these towers are located in the villages bordering China to counter foreign telecom penetration. Furthermore, with the launch of this service, over 70 thousand people are expected to be benefitted.
  • April 2023: Saudi Telecom Company (STC)'s subsidiary, Tawal, has reached an agreement to acquire the tower infrastructure of United Group for Euro 1.22 billion (USD 1.34 billion). The acquisition will include the United Group's infrastructure unit in Bulgaria, Slovenia, and Croatia, providing around 4,800 towers. Furthermore, this strategic acquisition aligns with Tawal's aim of expanding its international presence in key markets with promising growth potential within the STC Group.
  • August 2022: Low6, the award-winning global leader in sports gamification, partnered with SCCG. The famous gaming industry investment and management firm will assist with identifying and facilitating North American-based Sports Betting Operators interested in leveraging Low6's technology to recruit new consumers.
  • March 2022: NSoft, was committed to always providing the finest customer-centric solutions to its partners worldwide. It accelerated the growth of its gamification offer and engagement strategy by adding Ziqni to its operator portfolio. NSoft received a robust and easy-to-use solution through the Ziqni platform as part of the exclusive partnership, allowing it to provide a powerful and highly configurable gamification solution for its iGaming and Casino business partners.
  • February 2023: Vi entered into e-sports in partnership with Gamerji. Partnering with e-sports start-up Gamerji, Vi, under the umbrella of Vi Games, launched an e-sports platform on the Vi App.
  • September 2022: Fnatic and ASOS signed a three-year deal to bridge the worlds of fashion with gaming. Both brands will develop and deploy multiple offline and online activations as part of the deal, bringing the gaming and fashion worlds together.

Facial Recognition Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)