6 futuristic Israeli biometric techs that will transform our lives

Because your physical features cannot be lost, forgotten or stolen, institutions from banks to hospitals are seeking biometric technologies to raise the bar for security, monitoring and accuracy.

“Everybody and their sister that has a service of value is interested in biometrics … because you won’t remember your password when you need it in an emergency,” says Benjamin Levy, CEO of IsItYou, one of many Israeli companies in the biometrics space.

“Everyone is fed up with passwords and that’s a major driver for the biometrics industry,” agrees Peter O’Neill, president of Canada’s FindBiometrics.com, a global industry resource on biometric identification and identity verification solutions.

The other main drivers are mobility, financial technology, enterprise-wide security (physical, logical, mobile and digital access) and convenience for the end user, O’Neill tells ISRAEL21c.

“Healthcare is the next big market after fintech,” he predicts. “Biometrics will eventually affect every single industry out there. The ballpark estimate is that the industry is worth $10 billion now, and in the next five years it will be a $25 billion to $40 billion industry.”

O’Neill says startups in numerous countries are actively developing biometric technologies. And the startup nation is right in the thick of it. There’s even a biometrics division in the Prime Minister’s Office putting significant resources into biometrics research.

Here are six examples of Israeli biometric pioneers on or near the market.