“France-based AI company ubble has acquired more than €10 million (appr. $11.2 million) in capital through a round led Breega and Partech and Breega. The funds raised will reportedly be used to develop ubble’s remote onine ID verification product which will include biometric facial recognition.
The AI-focused firm said it’s planning to establish a leading presence in the digital ID verification sector.”
With the FaceMe AI Facial Recognition solution retailers can analyze customer information such as gender, VIP status, emotion, age, and name. An interactive dashboard records real-time in-store analytics. The results can help determine consumer behavior at every touchpoint. A real-time graph shows unique visitors, numbers of visits, average visit time, and total visit time.”
“Formerly known as Face++ before rebranding in January 2019, Megvii has transformed itself from a facial recognition algorithm provider into a fully-fledged artificial intelligence of things (AloT) service provider
For personal IoT, Megvii technologies enable over 3.5 billion instances of facial identification and payments processes every day and its algorithms cover 70 per cent of the mainland China Android market.
Its supply chain IoT enabled the on-time delivery of over 1.5 million packages during the Singles’ Day shopping spree with the help of 400 robots”
“We are seeing the financial services sector test face recognition as a part of multi-factor authentication for ATM withdrawals, mobile banking enrollment and mobile account access and transactions,” said Moore. “By implementing face recognition as the key step in multi-factor authentication, banks are able to mitigate their exposure to risk and fraud, saving themselves millions of dollars in the process.”