Zwipe presented its biometric technology at ICMA Expo
Zwipe was invited to present and participate in a panel as part of the New Technology Spotlight at this year’s International Card Manufacturers Association (ICMA) Expo held alongside the Smart Card Alliance Payments Summit.
With the theme of this year’s show being “Adapting to the Wave of Change and Technology”, the event drew a diverse crowd of industry experts and major players in the payments industry focused on innovation.
“We were invited by Barry Mosteller, Vice President of ICMA and a leading figure at CPI Card Group, one of our closest partners,” commented Joachim Tofthagen, Zwipe Partnerships Manager. “It was an opportunity for us to share with the Smart Card Alliance, progress that we have made on our technological development while also emphasizing where we see our technology going into the future. We have known for some time now that the market is ready and looking to integrate our innovative biometric solution into the manufacturing chain. Meeting with stakeholders in the alliance we see this shift happening quickly and we believe Zwipe is well positioned to serve this market in 2017.”
ICMA represents nearly 250 companies in the card industry from around the globe and, according to statistics compiled by the association, the global card industry generated $26.5B USD in 2016 and produced 35.4 billion new cards worldwide.
In February, the biometrics technology firm completed a $4.3M private placement of new shares to existing and new investors with members of the board, including former FPC CEO Jörgen Lantto, participating. Kim Humborstad, founder and CEO of Zwipe, explained, “this latest financing enables continued investment in organizational development, internal infrastructure and customer centric innovation on our biometric authentication solutions”.
In March, Zwipe issued its financial results for Q4 2016 in which the company stated that it is currently on track for an expected launch in 2017 of its dual interface biometric payment cards.