1. Fingerprint
UBS’ base case suggests biometric payment cards total addressable market value of (1) >USD5B incremental revenues for banks globally per annual by 2026 “only” 15% biometric penetration in 2026. This excludes any savings from frauds; (2) USD2.3B market for card manufacturers; (3) >USD500M for fingerprint sensors. (UBS report)
In the past UBS estimated it to be USD10–15, which was too high for mass volumes (vs premium card around USD2–4 and standard less than USD2). In 2020, the architecture of the card changed with a simplification leading to a total cost below USD6 in their estimates (vs premium today USD2–4). (UBS report)
2. Facial recognition
Facebook’s chief of AR and VR, Andrew Bosworth has revealed that the company is currently evaluating if a legal framework exists that would allow it to integrate facial recognition tech into the devices. He has underlined the fact that Facebook had been “open” about its efforts to develop AR glasses, which he has said are “still in the early stages”. (MacRumors, BuzzFeed News)
