SAN FRANCISCO, October 11, 2023 – Paravision, a leader in Trusted Vision AI, today announced its placement in the Luminary segment within the Core Biometric Tech beam of the 2023 Biometric Digital Identity Prism. The Luminary segment is reserved for the companies with the highest level of proficiency in their beam, often responsible for setting trends in their fields.
The Biometric Digital Identity Prism, a market landscape framework developed through a dynamic research collaboration between Acuity Market Intelligence and FindBiometrics, provides a comprehensive view of the rapidly advancing biometric digital identity ecosystem. It serves as a pivotal lens through which industry experts assess the transformative potential of identity-related technologies, offering invaluable insights to both stakeholders and decision-makers.
This Biometric Core Tech Luminary is the perfect example of how the Prism envisions the future of biometric digital identity: an ecosystem of vendors working in partnership to achieve safe, secure, and scalable digital identity. With proof-points spanning key markets and a clearly-defined, laser-focused roadmap, Paravision distinguishes itself as a leader in its field. Its ethically-sound vision for the future of identity is aligned with our researchers, who see a bright future for the company.
As mentioned in the 2023 Prism Report
The Prism divides the market into 8 Beams: Identity Platform, Core Biometric Tech, Biometric ID Platform, Targeted Biometric Solutions, IDV, Authentication, Web3, and Big Tech. Each beam is divided into 3 segments: Luminaries, Catalysts, and Pulsars.
In the Core Biometric Tech beam, in which qualities such as accuracy, speed, and usability are in focus, Paravision was placed in the Luminary segment. Paravision earned its reputation as a top-performing vendor of facial recognition technology, consistently excelling in independent testing programs. Notably, the Prism highlights Paravision’s achievements in the NIST Face Recognition Technology Evaluation (formerly FRVT) for 1:N identification, where the company ranked first in the US and Europe in mid-2023.
We are honored to be recognized as a Luminary within the Biometric Digital Identity Prism. The Prism is an incredibly valuable new asset for the digital identity industry, allowing us to better understand our place within the broader ecosystem. Paravision’s placement in the Luminary segment highlights the value of ethical practices, high performing technology, and a partner-centric approach. We look forward to continuing our journey of innovation as we contribute to the transformation of the biometric digital identity landscape.
Doug Aley, CEO at Paravision
The 2023 Biometric Digital Identity Prism is the first official framework to be published, following the proof-of-concept Prism from earlier this year. It’s expected to be updated and republished as the market evolves further. For more information about the Prism, visit’https://findbiometrics.com/prism/.