Presented in partnership with the Money Pot at Money 20/20 – Bandadelic – A Podcast on the Colorful side of Finance presents:

“NEC VP of Enterprise Identity, Micah Willbrand, Interviewed at Money 20/20 on face scans, fraud fighting and all things digital ID”

Imagine walking into a sporting event where your face (and we know it’s lovely) is enough to get you into the game. Or a time when moving through airport check-in is as easy as smiling for the camera. That day has arrived, and the potential for biometrics to streamline your life — and fight fraud — is taking off. Micah Willbrand of NEC lets us in on the future that’s now, and how NEC is making it happen.

This podcast also discusses how the importance of secure and reliable identity authentication cannot be overstated in an evolving digital world. With the staggering increase in cyber fraud, phishing attempts, and unauthorized access, the fintech industry requires state-of-the-art solutions to ensure user safety and trust. NEC America presents its pioneering Digital ID system, backed by two decades of relentless advancements in facial recognition technology. Through this session, we discuss how the future of Digital IDs will shape the FinTech sector and ensure a robust digital ecosystem.

Listen Here – https://soundcloud.com/bankadelic/live-from-money-2020-ep-2-face-scans-fraud-fighting-and-all-things-digital-id  

Interviewed by Lou Carlozo – https://www.linkedin.com/in/loucarlozo/

More sessions from the Banadelic podcast series can also be found here. https://soundcloud.com/bankadelic

Solve Crime, Detect & Prevent Fraud with NeoFace® Reveal

The facial recognition market is predicted to experience a remarkable compound annual growth rate (CAGR) of 16.13% from 2023 to 2030. The market was worth $5.8 billion USD in 2022 and is expected to surpass $16.5 billion USD by 2030, according to Reports Insights Consulting.[1]

Facial recognition has become an essential technology for many government agencies to support criminal investigations and to detect and prevent fraud for government benefits and credentials.

For more than 32 years, NEC has been a leader in facial recognition technology. We’re proud to offer NeoFace® Reveal, an easy and effective facial recognition application providing law enforcement, crime laboratories, and civil applicant processing agencies the ability to recognize facial images (ranging from good to very poor quality) by performing either a one-to-many (1:N) search or one-to-one (1:1) match against a database of thousands to millions of database records. NeoFace Reveal is the software solution for questions of identity for identification, investigation and verification use cases.

The strength of NEC’s NeoFace technology lies in its tolerance of poor quality as well as demographic diversity, whether age, gender, or race. Highly compressed surveillance videos and facial images, previously of little or no value, are now usable, leading to higher rates of identification. NeoFace facial recognition technology has been extensively and repeatedly benchmark tested by NIST[2] since 2009 and consistently achieves a first place ranking regarding search accuracy within the biometric industry!

Download the NeoFace Reveal data sheet to discover advanced capabilities, including quick search, video face de-clustering, morphological analysis and more. Or connect with an NEC expert directly by filling out the form below.

 

Source:

  1. Facial Recognition Market Set For Significant Expansion,” – Reports Insights Consulting
  2. NIST Face Recognition Vendor Test (FRVT)” – Past & Ongoing FVRT Activities

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