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Precise Biometrics to develop products for uniting biometric modalities in strategic shift

 

Precise Biometrics has unveiled its revised strategy for addressing the biometric technology market, which will see it pivot from a focus on fingerprint technologies for mobile devices to develop solutions for uniting various biometric modalities.

The new strategy involves working with collaborative partners to build technologies applicable to the finance, gaming, medical, and security sectors, supplying continuous user identification to ensure a convenient and secure experience. The announcement refers to the user experience advantages of combining fingerprint, iris, face, behavior, and geospatial data.

Precise Biometrics will focus primarily on the Nordic market with its new strategy.

”We are confident in the current biometric technology which enables us to take the next step of our development,” said Precise Biometrics CEO Stefan K Persson. “Looking at the market and how the technology is developed, I see opportunities to expand our current business to new areas of use. Biometric systems with fingerprints, face, voice, behaviour and iris enables a digital identity that makes it more convenient and secure in the daily life.”

Persson took over as CEO on August 1 amid a significant period of adjustment for the company, which also appointed Ulrik Nilsson as its new CFO, effective September 27.

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