IDEX to host Capital Markets Day in London next week
IDEX is hosting Capital Markets Day next week, where the company’s executive team will provide a detailed update on strategy and progress, with a focus on the biometric card market.
The event will be held on November 2 from 10 a.m. GMT at The Clubhouse Bank in London, UK.
The market for biometric cards is poised for commercialization as the demand for these devices from customers including banks, retailers, and government institutions for biometric card payment solutions continue to rise.
IDEX is confident that it is ahead of the competition in the market for biometric cards as a result of its partnership with one of the leading providers of card payment systems based on IDEX’s biometric payment card technology.
In addition, the company’s previously announced partnership on the next-generation biometric card with Mastercard has advanced in line with plan.
The company has completed several successful real-world customer trials with large multinationals including ABSA Bank, Unicredit Bank and retailer Pick-n-Pay and is progressing into the certification phase prior to commercial rollout.
This initiative is attracting new entrants from across the value chain to participate in what is increasingly expected to be a huge global market, thereby validating the momentum in the biometric card payment market.
IDEX’s sensor solution is the integral component of the complete system required for a biometric card, and the company is one of only a few vendors that provides fingerprint sensors that meet the performance, cost and volume requirements for mass deployment.
In addition, IDEX is receiving a lot of interest from the wider industry and expects to be a supplier to many of these new entrants, who will work with IDEX to help card manufacturers in developing their own range of card solutions.
The company’s card sensors offer several advantages including its low cost and bendability in card form factors as the sensor is made from standard polymer material.
IDEX has been working closely with the global payment provider and with a leading card integrator for more than two years developing a biometric solution suitable for standard manufacturing processes and ready for EMV certification.
Earlier this week, IDEX signed an agreement with its major global payment partner to deliver advanced biometric technologies for its payment card products.