Biometrics lets a quick sneak peek at how various biometric measures, such as fingerprint, voice, retina, face, etc., are used in multiple industries, including financial services, banking, travel, retail, healthcare, and more. Numerous innovative firms in this field aim to succeed, from those that enable voice recognition to those that connect a person’s biometrics to their records of blood donations.
1. Biomatiques
Since its founding in 2012, this Surat-based biometrics firm has been offering iris recognition solutions throughout India and the world. The business, which Tamal Roy and Mayur Patel founded, is dedicated to providing the best yet small Iris Scanner hardware, the quickest Iris Recognition SDK, and a bespoke casing design solution. The first company in India to offer “Iris Recognition Technology” intends to transform India’s identification and security framework and has partnered with numerous governmental and non-governmental groups to provide fraud prevention and retina recognition. The company’s Iris scanner is hygienic and can take pictures from 2 inches to 2-3 meters. The business sees enormous potential in healthcare, the social sector, IoT, global labor management, access control for NGOs, and more. The organization also has traditional industries in mind, such as cattle and agriculture.
2. Credy
Credy is capturing the peer-to-peer loan market by employing biometric identity to prevent fraud. According to reports, it is the first peer lending network with biometric verification, promoting credit and economic growth through financial trust, innovation, speed, and accountability. The Credy team, established in 2016 by Pratish Gandhi and Harshit Vaishnav, uses financial analytics and top-notch verification to reduce the friction in the cash flow.
3. Fingpay
Fingpay is a Tapits Technologies project started by Anuraag Agrawal and Pratyush Halen in 2016 and enables users to shop with no money in their pockets. The concept behind Fingpay is to allow secure biometric-based payments where only the account holder can authenticate the transaction. They offer comprehensive solutions and biometric POS systems, which accelerate, simplify, and secure the process. Customer authentication is carried out via biometrics, and the payment is performed digitally utilizing bank accounts.
4. FRS Labs
Orpheus, Atreus, Prism, Vistas, and Atlas are just a few of the robust and reasonably priced fraud risk and security solutions offered by the 2010-founded company. The Atlas speech biometrics technology uses a customer’s natural voice to authenticate them, preventing security breaches. Passwords and PINs frequently fall short as a protective layer when preventing fraud. In these situations, the human voice is a great backup option because it doesn’t need specialized equipment to record and process the data. This fact is being recognized by FRS Labs, which offers speech biometrics as a reliable authentication mechanism.
5. InCights
Another voice-based biometrics solution vendor advocates voice-based authentication as a secure alternative to passwords. The business, established in 2010 by Varun Chandra, provides vocal biometrics that uses a person’s speech as a distinctive identity. It authenticates the speaker using a speech application, like an IVR or a mobile app, to offer security against identity theft, secure automatic authentication, and sure login for distant workers. In call center transactions, it is beneficial.
6. SecurAX
The Bangalore-based company SecurAX offers a cloud-based B2B SaaS solution that combines biometric access management and attendance management to enable companies to manage and monitor their employee data easily. This firm, established in 2012 by Prasanna Kotha, Deepak N Belavadi, and Praveen Gongireddy, intends to eliminate fixed expenses and lower operating overheads through biometrics and cloud-based technology. It offers facial and fingerprint recognition.
7. Signzy
Secured digital contracts made possible by biometrics and Aadhaar Ankit Ratan, Arpit Ratan, and Ankur Pandey, a group of serial entrepreneurs from IIT Delhi and IIT Kharagpur, launched this biometrics firm with offices in Bangalore in 2015. Using biometric signature and blockchain technology, the digital trust system Signzy offers background checks, forgery detection, and contract management systems. Their “Digital Contracts” solution offers protected digital contracts made possible by biometrics and the Aadhar system.
8. Smart Identity Devices/SmartID
Since its 2008 launch, Smart Identity Devices has been a leader in providing biometric solutions for various industries, including financial services, logistics, government, IT security, and more. Sanjeev Mathur is the founder and CEO of Noida-based Smart-ID, which offers services including Aadhaar enrollment, mobile application development, and biometric products. Patrol, I SCAN 2, and Smart Enrollment Kit is its three most well-known biometric products. A lightweight all-inclusive kit including a facial camera, iris camera, fingerprint scanner, laptop, printer, data storage devices, and I SCAN 2 dual iris scanner is the Smart Enrollment Kit. Patrol ID is a fingerprint scanner.
9. Strides Software Solutions
Strides are India’s first biometric blood bank management system, established in 2010. This new business, based in Aurangabad, connects a person’s biometrics to their blood donation records. By doing this, it aims to avoid contamination, which can occur when testing blood received from blood donation camps and combining hazardous blood with safer blood. Because there is no centralized blood donor registry and no method for identifying donors specifically, blood donors in quarantine frequently wind up giving blood more than once at several camps. The D-Health app developed by Strides is a centralized donor verification and identification application that extracts donor information and is based on Aadhaar. The donor’s data is compared to the database to determine if a donor is qualified to donate blood.
10. Uniphore
This voice biometrics startup, established in 2010, is dedicated to revolutionizing the customer care experience by utilizing the power of natural speech to assist businesses in resolving actual customer issues. With the help of Uniphore’s solutions, human-machine contact will be transformed. Regardless of access device and language, Uniphore’s voice biometrics technology ensures user verification by leveraging each person’s distinctive voiceprint. This voice print is compared to a voice-print database that already exists to verify the user’s identification. It provides a quicker experience because it takes less than 15 seconds for users to verify themselves using their voice prints remotely.
