IDEX introduces new large area sensor for biometric cards

IDEX has announced a new large area sensor for biometric cards. According to a company statement, the bendable sensor is based on IDEX’s off-chip technology and leverages the company’s advanced ASIC which enables a combination of enhanced processing performance and power efficiency, making it a very effective solution for both contact-based and dual-interface biometric cards. The Norwegian biometrics company expects to begin sampling its large area sensor to customers in the first half of 2018. “Unlike smartphones, sensor solutions for

IDEX advances biometric smartcard deployment, develops remote enrollment process

IDEX has partnered with security solution provider Feitian to commercialize a dual interface biometric smart card, and also developed a remote enrollment solution for biometric cards, enabling users to conveniently enroll without being physically present in a branch office, according to a pair of announcements Monday and Tuesday. Feitian has developed a contact and contactless smart card leveraging IDEX’s off-chip fingerprint sensor technology, with rapid card prototyping enabled by IDEX’s complete biometric module. IDEX and Feitian engineering teams worked together

IDEX, IDEMIA collaborate on scalable contactless biometric card solutions

IDEX has revealed its continued development of end-to-end biometric solutions for payment cards with IDEMIA. Last year, IDEX first announced it was working with Safran Identity & Security (Morpho) in November 2016 to commercialize the first mass deployable biometric smart cards. Since then, OT and Safran’s Morpho business came together to become IDEMIA. The partnership has resulted in the completion of several end-user trials of next generation biometric cards with a leading payment provider. The success of these real-world trials

Dr Hemant Mardia keynotes EAB biometrics in banking and payments seminar in London

IDEX CEO Dr. Hemant Mardia presented the afternoon keynote at the European Association of Biometrics seminar on Biometrics in Banking and Payments in London last week. Dr Mardia’s presentation covered the development and deployment of biometric cards. The Biometrics in Banking and Payments seminar reflects the trends and opportunities of biometrics in the financial market and focus on practical issues of biometrics for financial services. More than 18 banks and financial institutions participated at the London seminar. The next Biometrics

IDEX predicts huge second wave of biometric adoption in investor update

IDEX presented an investor update on Thursday, identifying a potential “second wave” of biometric adoption led by a smart card market which could reach 300 million units in 2020. The wave of adoption is set up by what the company touts as “the off-chip sensing revolution,” with low-cost, flexible sensors delivering a high degree of digital intelligence. Following the first wave of biometric adoption, which IDEX says was catalyzed by Apple, Mastercard is driving the second wave, according to the

IDEX hosting ‘Investor Update’ this week

IDEX will host an Investor Update in Oslo on Thursday, November 9. CEO Dr Hemant Mardia and CFO Henrik Knudtzon will present highlights from the company’s Capital Markets Day, including strategy, technology, market opportunities and outlook, followed by a Q&A session. The event will be hosted at Felix Conference Centre at Aker Brygge in Oslo and is planned to start at 11:00 am CET to approximately 12:30. Last week, IDEX issued its financial results for Q3 2017, which reported revenues

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. Are stock indices ready for a pullback? As markets continue to trade near record highs some suggest there are signs the trend could be at an end. One analyst pointed out the S&P 500 recently

IDEX issues Q3 2017 report, hosts Capital Markets Day

IDEX has issued its financial results for Q3 2017, which reports revenues of NOK 3.5 million (US$0.4 million) in Q3 2017 and NOK 15.0 million (US$1.8 million) in the first nine months of 2017. In comparison, IDEX reported revenue of NOK 8.4 million (US$1.0 million) in Q3 2016 and NOK 26.1 million (US$3.2 million) in the first nine months of 2016, respectively. During the first nine months of 2017, IDEX said it has made significant progress on commercialization of its

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. Markets continue to trade near record highs. Why this continues to be the case was the subject of an interesting letter released this past week by controversial, high-profile New York-based hedge fund manager David Einhorn,

IDEX’s strengthens leadership role in biometric cards market

IDEX has been approved by the EMVCo Board of Managers as a registered EMVCo vendor. EMVCo facilitates worldwide interoperability and acceptance of secure payment transactions. EMVCo manages and evolves the EMV specifications and related testing processes including – but not limited to – card and terminal evaluation, security evaluation, and management of interoperability issues. EMVCo’s work is overseen by American Express, Discover, JCB, Mastercard, UnionPay, and Visa, and supported by dozens of banks, merchants, processors, vendors and other industry stakeholders