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Wells Fargo Considers PalmID for Authentication

Fraud & Identity Featured Article

Wells Fargo Considers PalmID for Authentication

October 25, 2017
By Paula Bernier Executive Editor, TMC

There’s been a steady stream of reports about cyber security breaches over the past few years. That makes clear we need to do a better job at securing our data, devices, and network assets. One advance on this front is the PalmID biometric authentication solution from Redrock Biometrics.

“With a simple wave of the hand, PalmID converts the palm image into a unique signature and authenticates the user in 10-100 milliseconds depending on CPU speed,” Redrock Biometrics explains. “The Palm ID Capture Module uses sophisticated machine vision techniques to detect the palm in a video stream and pass its descriptor for enrollment or verification. The PalmID Matching Module can run server side or locally and matches the verification request against the enrollment template, using proprietary algorithms extensively tested against tens of thousands of palms.”

PalmID SDK for sign-in authentication is available for Android (News - Alert), iOS, Linux, Mac, and Windows. Plus it’s configurable for standalone and client-server architectures. It lets users enroll on one device and automatically have the capability work for them on other devices with PalmID installed.

The company’s technology can be integrated into devices with an RBG or IR cameras and CPUs.

This solution is suitable for ATMs, AR/VR, consumer electronics, medical equipment, IoT and automotive, and point of sale system applications. It’s all about increasing the convenience and security of such applications.

The company is now part of the Wells Fargo (News - Alert) Startup Accelerator. This effort

supports using palm-based solutions for banking, ecommerce, and payments. Redrock and Wells Fargo are exploring use cases and experimenting with the PalmID biometric solution as an alternative to passwords and PINs.

Redrock Biometrics is a San Francisco-based company headed up by CEO Hua Yang, who before co-founding the company served as director of research at Leap Motion. The company’s other founder, Lenny Kontsevich, is Redrock’s chairman. Cognisign and KaChing! were among his previous startups, plus he held positions at Cimbal, LeapMotion, InPronto, and Smith-Kettlewell Eye Research Institute. Kevin Horowitz, a former engineer and manager at Google (News - Alert) and Leap Motion, is Redrock’s director of engineering.

Edited by Mandi Nowitz

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