IDEX ASA issues Q4 2016 and year-end 2016 financial results

IDEX has issued its Q4 2016 and year-end 2016 financial results, which recorded revenues of NOK 38.6 million (US$4.6 million) in 2016 compared to NOK 0.3 million (US$36,000) in 2015. In Q4 2016, the revenues amounted to NOK 12.5 million (US$1.5 million), which represents a significant increase over the NOK 0.2 million (US$24,000) in recorded revenues for Q4 2015. IDEX said its ongoing biometric smartcard program with strategic eco-system partners is making considerable progress. The company’s global payments partner completed

Liquid launches payment service using fingerprint authentication in Indonesia

Japanese firm Liquid Inc. has launched a payment service using fingerprint authentication in Indonesia. According to a report in the Bangkok Post, the joint venture with Indonesian conglomerate Salim Group is aiming for several hundred thousand users, with plans to offer the payment service to the Salim Group’s workforce of around 500,000. “We are looking forward to developing the next generation payment and business platform in Indonesia, which will contribute to changing people’s lifestyle and have a big business impact

CrucialTec to release on-screen fingerprint sensor solution this year

Fingerprint module developer CrucialTec said it will begin supplying its on-screen fingerprint sensors that allows for biometric authentication on a smartphone screen, as opposed to the home button, to smartphone vendors around the world later this year, according to a report by The Investor. The move comes a couple years after CrucialTec was granted a patent for new technology to install fingerprint sensors under the display panels of smartphones. Several smartphone vendors have been waiting for the new fingerprint sensors

Google working on fingerprint unlock feature for Chrome OS

Chromebook owners with the right hardware may be able to start using their fingerprints to access their laptops later this year. According to a PCWorld report, Chrome Story recently spotted a new flag in Chrome OS Canary that discusses “Quick Unlock (Fingerprint).” Fingerprint security features are also mentioned throughout the changelog for Chrome OS 58.0.3007.0 that was released to the dev channel on February 14. Reports that Google was working on adding a new log-in method using fingerprint sensors first

End-customer trials for smartcards incorporating IDEX biometric sensors begin

Fingerprint solutions developer IDEX revealed that the first end-customer trials for smartcards incorporating IDEX’s biometric sensors have commenced. The trials are in collaboration with the company’s undisclosed global payment provider and previously announced card integrators and identity solution providers. Multiple financial institutions and government bodies are expected to participate in customer trials over the coming months. The end customer trials are one of the final steps in the commercialization process. After completion of the initial trials over the next few

IriTech, Egistec sign co-promotion deal to target mobile device and VR/AR manufacturers

IriTech, Inc. has entered a co-promotion agreement with fingerprint sensor developer Egis Technology Inc., which is expected to create more opportunities for the two companies in the consumer technology space while focusing on the mobile industry. With an extensive background in iris recognition technologies, IriTech provides several innovative approaches aimed at emerging industries such as augmented reality (AR), virtual reality (VR) and automotive. The company has made significant investments in research and development to solve various challenges faced by iris

Suprema to showcase mobile fingerprint authentication algorithm BioSign 2.0 at MWC

Suprema will showcase mobile fingerprint authentication algorithm BioSign 2.0 at Mobile World Congress 2017. According to a company statement, the BioSign 2.0 algorithm employs Suprema’s latest artificial intelligence technology to learn the user’s habits and conditions continuously, delivering matching speed up to twice as fast as the top competitor’s solution while outpacing competitors in terms of accuracy (FRR) and level of security (FAR). BioSign 2.0 performs matching speed of 50ms with high-end APs and 100ms with low-end APs while maintaining

Goodix bringing new innovations to MWC

Goodix will be showcasing different smartphones equipped with CES award-winning technologies including Live Finger Detection and its Invisible Touch Fingerprint Sensor at this year`s Mobile World Congrees (MWC). According to a company statement, this “world’s first” technology patented with independent intellectual properties will demonstrate Goodix’s ability to accurately anticipate market trends and address people’s needs through technology. Its fingerprint authentication solutions protect millions of mobile phones, tablets and smart wearables. “We’re proud to return to MWC in 2017 with such

Precise Biometrics, FPC fingerprint tech featured in Redmi Note 4X

Xiaomi has launched its Redmi Note 4X mobile device featuring Fingerprint Cards (FPC) FPC1035 sensor and Precise Biometrics‘ Precise BioMatch Mobile. The FPC1035 sensor supports FPC OneTouch, letting you unlock the device with a simple touch. Precise BioMatch Mobile is an algorithm solution for fingerprint recognition in mobile devices. The patented hybrid algorithm solution is optimized for small fingerprint sensors and platforms with limited processing power and memory space. Also announced, Meitu has launched its T8 mobile device featuring the

Fingerprint Cards CFO leaving for eye-tracking firm Tobii

Fingerprint Cards (FPC) announced today that its Chief Financial Officer (CFO) Johan Wilsby will leave the company no later than July 2017. Wilsby, who has been CFO at FPC since 2015, is leaving the company on his own initiative for eye-tracking firm Tobii where he will succeed Esben Olesen as CFO, according to a Reuters report. “Fingerprint Cards is a dynamic and rapidly growing company where Johan is a business-driven and highly appreciated co-worker,” says Christian Fredrikson, CEO of Fingerprint