FB pixel

Nymi names new CEO in advance of wearable product launch

| Justin Lee
Categories Biometrics News  |  Trade Notes
Nymi names new CEO in advance of wearable product launch
 

Nymi Inc. announced it has named John Haggard the new chief executive officer in advance of next year’s launch for its first commercial product, according to a report by The Globe and Mail.

Founder Karl Martin will be stepping down as CEO and assuming the role of chief technology officer.

Haggard most recently served as chief business officer at Yubico Inc., a provider of specialized USB keys that works as a second-factor security authentication method.

He previously worked as an independent security consultant, as well as CTO and chief operating officer of Vasco Data Security International Inc.

“In multifactor authentication, they’ve made amazing strides into replacing the old-style RSA tokens; we as a startup have always looked up to Yubico. [Mr. Haggard] was instrumental in scaling up that business,” said Martin.

According to Martin, much of Haggard’s time will be spent on the road pitching Nymi to chief intelligence officers and chief security officers of potential business clients.

He will also build up a sales team to expand Nymi’s product reach to international markets.

Additionally, Nymi has named executive Ram Varadarajan to its board of directors. Varadarajan previously served as senior vice president of CA Technologies, and founded fraud and risk management software Arcot Systems.

Previously reported, the Nymi Band, a wearable authentication device that uses electrocardiogram technology, has been used to make the world’s first credit card payment at a cash register verified by the user’s unique heartbeat.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

FCC seeks comment on KYC revision for commercial phone calls

The U.S. Federal Communications Commission (FCC) has proposed stronger KYC requirements for voice service providers to prevent scams and illegal…

 

Deepfake detection upgrade for Sumsub highlights continuous self-improvement

Sumsub has launched an upgrade to its deepfake detection product with instant online self-learning updates to address rapidly evolving fraud…

 

Metalenz debuts under-display camera for payment-grade face authentication

Unlocking a smartphone with your face used to require a camera placed in a notch or a punch hole in…

 

UK regulators pan patchwork policy for law enforcement facial recognition

The UK’s two Biometrics Commissioners shared cautionary observations about the use of facial recognition in law enforcement over the weekend…

 

UK gov’t seeks covert surveillance tech in benefit fraud crackdown

The UK Department for Work and Pensions (DWP) has published a £2 million (US$2.7 million) tender seeking software and hardware…

 

Biometrics in warfare, surveillance raise new oversight challenges

A new Congressional Research Service (CRS) report warns that biometric technologies are moving from routine identity verification into more consequential…

Comments

16 Replies to “Nymi names new CEO in advance of wearable product launch”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Continue Reading

Biometric Market Analysis and Buyer's Guides

Most Viewed This Week

Featured Company

Learn More

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events