Biometrics industry stocks this week

The Detroit International Auto Show is underway this week in Motown. Reflected in the line-up are signs of the epic, once-in-history shift in the fundamental nature of the auto industry. Today, of course, Detroit steel is merging with Silicon Valley digital tech as a new era of automated vehicles (AV) is dawning. Even two years ago the idea of self-driving cars as an imminent consumer item would seem nuts, recent predictions have been that a true self-driving car would not

Visa announces pilot for biometric payment cards

Visa has announced pilot projects for a new EMV dual-interface biometric payment card with chip and contactless transaction capabilities in partnership with Mountain America Credit Union and Bank of Cyprus. The payment cards in both pilots have embedded sensors from Fingerprint Cards’ FPC1300-series. Biometric technology supplied by Gemalto is used in the Bank of Cyprus pilot, while the Mountain America Credit Union pilot utilizes Precise Biometrics’ Precise BioMatch Embedded algorithm solution, as well as technology provided by Kona-I. “I am

Biometrics industry stocks this week

A trendy debate among financial types is whether the economy is in the late-stages of this current expansionary cycle. Fund managers assume there are identifiable stages to periods of growth in the economy. Many think there are some signs popping up of late-cycle froth in this current market upswing. One eminent name weighing in on this debate over the last week was David Rosenberg, a former chief economist for Merrill Lynch. These days Rosenberg works for a Toronto-based firm, Gluskin

Fingerprint Cards, Gentex collaborate to bring iris authentication to auto industry

Fingerprint Cards and Gentex today announced an exclusive partnership agreement to bring iris-scanning technology to the automotive industry. “Collaboration is key within the automotive ecosystem, and as a leading provider of smart mirrors and automotive electronics, Gentex brings an unmatched platform and vehicle real estate through which we can deploy our ActiveIRIS technology,” explained Christian Fredrikson, president and CEO of Fingerprint Cards. The ActiveIRIS iris recognition system was developed by Delta ID, which Fingerprint Cards acquired last year for US$106

FPC sensor used in biometric payment card pilot for Bank of Cyprus

Fingerprint Cards is providing touch sensors from its FPC1300-series for the recently announced Bank of Cyprus biometric payment card pilot. The pilot, being lead by Gemalto, is the first of multiple upcoming pilots in 2018 for the world’s largest card manufacturer and also includes Zwipe as a partner. The card being trialed by Bank of Cyprus is a fingerprint activated payment card which utilizes Zwipe’s energy harvesting capacity and biometric engine to enable contactless and contact transactions. It is powered

Precise Biometrics and FPC technology featured in smart card demos by ManeulLab

South Korea’s ManeulLab recently showcased a range of smart card versions at the Trustech event in Cannes which featured the 1300 series of fingerprint sensors by Fingerprint Cards and Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, Precise BioMatch Embedded. ManeulLab is an innovator in the smart cards market and has a range of card versions combining several functions with an integrated fingerprint sensor on them which can be used as payment, access or ID cards. These cards

China’s semiconductor strategy is bad news for foreign companies

This is a guest post by Anthony Kimery, former Editor-in-Chief, Homeland Security Today. China’s government seems to be taking off the gloves when it comes to competition in the global market for semiconductors and related technology. As the world’s biggest manufacturer of mobile devices and consumer electronics, China imported US$227 billion of chips in 2016, almost double oil imports, according to data from China’s customs agency. In 2014, the Chinese Ministry of Industry and Information Technology created a fund to

Fingerprint Cards announces partnership with Linxens

Fingerprint Cards has announced a partnership with Linxens, a designer and manufacturer of microconnectors for smartcards and RFID antennas. The partnership, targeted towards card manufacturers, will see Fingerprint Cards providing its T-Shape sensor module for Linxens’ contactless fingerprint-on-card Prelam. According to a company statement, Linxens’ Prelam technology integrates and connects all the functional components of a smartcard and can be converted into finished cards by means of standard smartcard machinery and processes. As well, Linxens’ tape technology makes the fingerprint

Swedish biometrics company may miss opportunity by snubbing Chinese investor

This is a guest post by Anthony Kimery, Former Editor-in-Chief, Homeland Security Today. Fingerprint Cards AB (FPC), which develops biometric systems that let consumers use their fingerprints to unlock mobile phones and other devices, two weeks ago, took the unusual step of talking down its share price. On November 23, Fingerprint Cards CEO and Chairman Christian Fredrikson said the company had been approached by an investor but did not expect negotiations to result in an investment. The stock declined, giving

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Swedish biometrics firm Fingerprint Cards AB recently issued a notice addressing market rumors. Some market participants had, apparently, been speculating about the possibility the company was preparing for a possible takeover bid. The company had