ClassifEye is an Israeli Mobile Phone Identity verification technology company that pioneered the use of software and any phone's camera to authenticate fingerprints.
As explained by the firm, "We take remote control of the phone's camera to conduct the authentication, so the process is simple and secure for the bank and the client.".
Only one other company, Omron, was listed in a seven page Informatica Economica overview on the overall category, noting that "The advantage of this technology is that it doesn’t require any additional hardware."
Founded in 2003 by Rami Cohen and Asher Peretz the company has received assistance and backing from "Israel's Office of Chief Scientist, the State of Maryland, and" a leading microfinance institution in India.
Some of its 2006 & beyond investment sources have come from the USA, India and Japan.
Benefit to poor
India's Unbanked have difficulty with qualifying for government and United Nations microfinance services due to lack of acceptable documenation.. With use of a software-only fingerprint scanner (on a phone carried by a UN or government worker), simple loans of "$100 .. buy .. seeds they need to plant more crops" were enabled, beginning in the 2000s.
A report submitted to the U.S. Department of Justice in 2014 listed nine companies that had developed "contactless fingerprint technologies that are worth noting." ClassifEye was listed first, and Pay By Touch was mentioned third. Both companies are listed as having closed.
- "Monday EXPRESS" (PDF). The Washington Post. June 2, 2008.
ClassifEye CEO Rami Cohen says ...
- Ilana Teitelbaum (November 30, 2007). "Israeli Technology Guards Mobile Phone Identity". The Jewish Press. p. 98.
- "Japan's Aplix Solutions and Israel's ClassifEye Reach Exclusive Distribution Agreement"". November 21, 2007.
- "m-Commerce Company, ClassifEye, Secures Funding from Nobska". June 19, 2006.
- David Shamah (December 29, 2008). "Classifeye's authentication system is a boon to India's poor". The Jerusalem Post.
- Eze Vidra (November 6, 2007). "Science Fiction? ClassifEye's Biometric Authentication for Cell Phones".
.. m-Wallet. ... Using the Sony Felica (RFID) chip
- "Biometric Security for Cell Phones" (PDF). Informatica Economica. January 2009.
- "Company Overview of ClassifEye Ltd".
- Maryland Department of Business & Economic Development "ClassifEye".
- "Leading Indian MFI Cashpor Adopts ClassifEye Secure Mobile Transactions Solution". November 9, 2008.
- "Nobska Ventures backs Israeli mobile tech firm". BizJournals.com. Baltimore Business Journal. June 19, 2006.
- K G Karmakar (2008). Microfinance in India. ISBN 813210000X. Search this book on
- Compendium of ICT Applications on Electronic Government: Mobile Rural Banking. 2010. ISBN 9211231868. Search this book on
- Nimal Fernando; Patricia P. Calcetas (2003). Mibanco, Peru: Profitable Microfinance Outreach, with Lessons for Asia. ISBN 9715614965. Search this book on
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