Candriam launches facial recognition technology engagement initiative

Market to reach $9.6bn by 2022

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The market for the tech is surging, but investors are concerned with its use and potential pitfalls
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The market for the tech is surging, but investors are concerned with its use and potential pitfalls

Fund manager Candriam has launched an initiative to address the risks raised by Facial Recognition Technology (FRT) products and services, as part of its engagement and stewardship commitments.

The growing market for facial recognition, the process of identifying or verifying the identity of a person using a picture or a video of their face, is set to reach $9.6bn by 2022, the fund manager said....

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