Tinder And Stripe Launch Facial Recognition Tools

Tinder And Stripe Launch Facial Recognition Tools
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Tinder is now requiring users to submit to facial recognition to validate their identity.

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Tinder And Stripe Add Facial Recognition Tools

This news comes right on the heels of Stripe launching a tool that allows anyone to add facial recognition to their website with three lines of code (and since SO MANY companies use Stripe, we could be seeing facial recognition verification everywhere in a few months).

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invest Southpoint CapitalA decade ago, no one talked about tail risk hedge funds, which were a minuscule niche of the market. However, today many large investors, including pension funds and other institutions, have mandates that require the inclusion of tail risk protection. In a recent interview with ValueWalk, Kris Sidial of tail risk fund Ambrus Group, a Read More

We are very concerned about this massive increase in private companies using facial recognition. I’d be happy to talk more about this if you’re interested, and have also included a statement below that you can attribute to me (Caitlin Seeley George, Director of Campaigns and Operations, Fight for the Future, she/her):

"Both of these announcements from Tinder and Stripe are deeply concerning. These facial recognition systems will certainly result in discrimination: not only will there be cases where the technology is unable to correctly identify users, but companies could also use this tool to actively ban specific people from purchasing their products or using the apps. They also normalize the use of facial recognition in peoples’ lives, and further speed up its adoption across society in ways that abuse peoples' rights and put them in danger.

Both Tinder and Stripe use nice language like “trust” and “safety” but there is nothing safe about surveillance, and people should not trust these tools."

Tinder facial recognition

Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)www.valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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