FB pixel

IDEX focuses business on bringing biometric smartcards to mass market


IDEX is on track to deliver volume rollouts for biometric smartcards in 2018 as the market reaches a critical inflection point, according to a company announcement.

The company is re-shaping and focusing its business for volume commercialization in a market Biometric Embedded News estimates will approach 350 million biometric cards in 2020, for a potential value of $4 billion, the company says. Changes have included focusing resources on biometric cards, and bringing systems design and development skills in-house.

“IDEX is now actively involved with many major end customers which we expect to turn into volume shipments this year,” says Dr. Hemant Mardia, CEO of IDEX. “As examples, the real-life customer trials we have done with our partners for ABSA Bank, Pick’n’Pay the major South African retailer, and UniCredit Bulbank in Bulgaria have been exceptionally successful and have led to many more trials underway or committed in the banking and retail markets. We also have multiple additional trial activities in Asia with key card integrators.”

Among recent innovations the company lauds for establishing its position in the market are the in-house matcher for cards, which achieves a single digit FRR with very low power and processing requirements, a demonstrated contactless-ready sensor solution, and a patented self-enrol technique.

As previously reported, IDEX recently hosted an investor presentation on “Capturing the Second Biometric Wave.”

Article Topics

 |   |   |   |   | 

Latest Biometrics News


Biometrics cutting the line of in-person payments innovations: Mastercard

Mastercard sees biometrics for in-store payments as a part of a broader shift towards seamless interactions of all kinds, as…


New South Wales’ government is investing millions in digital identity

New South Wales’ decentralized digital identity program is getting a cash infusion from the Premier Chris Minns’ government, which has…


Innovatrics cuts fingerprint error rate by 20%, upgrades SmartFace platform

Innovatrics has reported its best-yet scores in NIST’s fingerprint biometrics testing, and added a new feature to its facial recognition…


Canadian cruise terminal gets Pangiam face biometrics for ID verification

The Vancouver Fraser Port Authority and U.S. Customs and Border Protection (CBP) have joined forces to implement face biometrics for…


Atlantic Council stresses importance of DPI, data for stronger digital economies

The Atlantic Council has highlighted the importance of digital identity and digital public infrastructure (DPI) in birthing and growing strong,…


Sri Lanka extends bid deadline for national digital ID project

The Government of Sri Lanka has extended the deadline for the submission of bids for the procurement of a Master…


Leave a Reply

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

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events