<div>
  <ul>
    <li>
      <p>
        Corsight AI, a developer of facial recognition technology jointly headquartered in the US and the UK, has announced that its facial recognition algorithm has been ranked top in the recent facial recognition vendor test (FRVT) in 1:1 verification category conducted by the National Institute of Standards (NIST).&nbsp;
      </p>
    </li>
    <li>
      <p>
        The company has been able to improve the algorithm to reduce discrimination and racial bias by identifying people from different demographic groups (people of color and white people) with equal accuracy.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Corsight&rsquo;s algorithm is currently being used as the industry standard and used as the reference point in NIST reports.&nbsp;
      </p>
    </li>
  </ul>
  <p>
    &lt;ul&gt;&lt;li&gt;Analyst QuickTake: Facial recognition technology has been facing criticisms due to several reasons with one of them being racial bias. For example, 
    <a href="https://sp-edge.com/updates/1363">
      Amnesty International 
    </a>
    launched a campaign to ban facial recognition for police surveillance globally last year citing racial bias of the technology as one of the reasons. In the US, several people of color were also wrongfully arrested previously triggering backlash against the technology. Improving the algorithm to eliminate such racial bias could aid the industry to grow while also improving the position of the company in the facial recognition market.&lt;/ul&gt;
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/state-of-the-art-corsight-ai-facial-recognition-technology-ranks-top-in-nist-bias-testing-301590951.html">
      Press release
    </a>
  </p>
</div>


Facial Recognition

Corsight AI ranked top facial recognition algorithm by NIST for reducing racial bias

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 <p>Paravision, a facial recognition software provider, is collaborating with Hailo, an Edge AI processors provider. The partnership is intended to integrate Paravision's facial recognition into Hailo's AI processors. This collaboration will aim to enhance Paravision's facial recognition technology for Edge, thereby benefiting Hailo OEMs with improved biometric performance. It also claims to offer advantages such as increased speed, optimized power, and better privacy protection in system architectures.</p>
 
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Paravision partners with Hailo to integrate face recognition technology with Hailo's processors

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 <p>The Federal Trade Commission (FTC) has rejected the suggestion of using facial age estimation technology to gather parental consent for children's data collection. This proposition was primarily forwarded by organizations like the Entertainment Software Rating Board (ESRB), SuperAwesome, and Yoti.</p>

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FTC denies proposal for facial age estimation verification

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<p>PixLab, a leading company in access control and facial verification, has enhanced its platform, FACEIO, with a new software module. This upgrade brings about significant improvements to the facial authentication process.</p> 
<p>It accomplishes verification via the FACEIO widget, which triggers the camera for facial recognition. Additionally, it introduces a PIN code confirmation feature for bolstering the overall security.</p>

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PixLab developed upgraded software for platform 'FACEIO'

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 <p>Microsoft has introduced a patented technology integrating facial recognition into Windows 11 and OneDrive image search features. The technology uses facial recognition to evaluate images, determine the number of individuals in them, identify them, and rank them accordingly.</p>

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Microsoft launches patent for facial recognition-based image search functionality

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 <p>Paravision, a facial recognition software provider, has collaborated with IdentityE2E, which focuses on public sector projects, to provide a managed service for government and enterprises. The service merges Paravision's facial recognition technology with IdentityE2E's AWS Landing Zone Accelerator, forming a scalable, cost-efficient biometric security platform for current systems.</p>
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Paravision partner with IdentityE2E to offer managed facial recognition service for public sector

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 <p>Samsung has collaborated with Meta-optics provider Metalenz to incorporate its ISOCELL Vizion 931 image sensor into Metalenz's Polar ID. This is a biometric face unlock solution for smartphones.</p>
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Samsung partners with Metalenz to enhance facial recognition solutions

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 <p>Entrust, an identity-based security software and service provider, is discussing a possible acquisition of Onfido, a company that provides virtual identity verification solutions. The acquisition would enable Entrust to incorporate Onfido's identity verification methods such as AI-driven biometric and document IDV technology into its own identity solution services.</p>
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Entrust to acquire Onfido for enhanced identity security solutions

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 <p>Microsoft introduces a preview of Face Check, an element of Microsoft Entra verified ID, designed for performing identity verifications. It functions by comparing real-time selfies with the registered identification. This is achieved by generating a confidence score based on eye and nose placements and running a liveness check to eliminate static images. The Face Check service is developed employing Azure AI Vision Face API and has been trained using approximately 5,490 face clips.</p>
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Microsoft previews identity verification offering

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 <p>AI health company AiCure has secured USD 12 million through loan refinancing and received an additional USD 4 million from ongoing investors.</p>
 <p>These funds are aimed towards operational expansion, product enhancement, and investment in research and development.</p>
 
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AiCure raises USD 16 million for expansion

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 <p>Yoti, a digital identity firm, has secured USD 25.45 million in funding, including USD 15.91 million in debt funding from HSBC and USD 9.55 million in convertible debt funding from existing stakeholders. This brings Yoti's total funds to approximately USD 211.26 million. These funds will be used to support the company's growth towards profitability. Yoti specialises in providing global verification solutions such as identity and age verification, document e-signing, access management, authentication and facial age estimation technology.</p>
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All Updates