FB pixel

Biometric cards rolling out for neobank and crypto platforms

Biometric cards rolling out for neobank and crypto platforms
 

A biometric smart card for cryptocurrency management has been launched by Vaultavo. Meanwhile, Zwipe has signed up a neobank customer in India, and Idex has been revealed as a partner in Sentry’s latest biometric card, as the crypto and fintech sector embraces fingerprints as a way to secure authentication.

The Vaultavo Custody Solution is made up of the biometric smart card, proprietary vaults and a secure SaaS platform, according to the announcement. The card is used with an app on the end-user’s smartphone, as shown in a promotional video.

The company already has a customer, in South African crypto investment platform Revix.

“Vaultavo is a crucial partner for our business; the company will give us the ability to essentially offer all of our customers a biometric card where customers can essentially and safely transact with crypto,” says Sean Sanders, CEO of Revix. “Vaultavo is doing something that no other provider in the market is doing right now – giving users the ability to self-custody their cryptocurrency without losing control of their assets. They are the key to finally getting us to the position we’ve wanted to get to for a long time, which is, allowing our customers to use crypto for real-world purchases like getting a cup of coffee.”

Zwipe wins biometric payment card customer in India

Zwipe has been selected by Gurugram-based neobanking platform Antworks Money to supply biometric smart cards to customers.

The partners plan to develop India’s market for biometric cards, with Antworks promoting Zwipe Pay to banks and financial institutions in the country, while collaborating with Zwipe’s local manufacturing partners.

Antworks Money Founder and CEO Rajeev Mahajan says the cards will help drive down fraud committed with contactless payment cards, and the company intends to introduce co-branded credit cards featuring Zwipe biometrics with a bank partner.

“The Indian fintech sector is witnessing significant progress and we are proud to partner with Antworks Money who provide a wide range of credit-focused neobanking services in the region. This is a landmark agreement for Zwipe that will help to drive our growth plans in the Indian market,” says Robert Puskaric, CEO of Zwipe.

Idex supplies sensor for Sentry cold wallets

The cold storage wallet for crypto and payments unveiled in January by Sentry Enterprises with a secure element from Infineon also features a fingerprint sensor from Idex Biometrics, the latter revealed in an announcement.

Infineon’s SLC38 is noted in the announcement as the secure element used in Sentry’s card.

“The Idex Biometrics – Infineon joint solution is ideal for emerging applications like digital access and cold wallets. Idex Biometrics is excited to bring ground-breaking secure biometric solutions to the expanding digital identity market with industry leader Sentry Enterprises,” says Vince Graziani, CEO of Idex Biometrics.

Article Topics

 |   |   |   |   |   |   |   |   |   | 

Latest Biometrics News

 

The UK’s election may spell out the future of its national ID cards

Identity cards are back among the UK’s top controversial topics – thanks to the upcoming elections and its focus on…

 

Challenges in face biometrics addressed with new tech and research amid high stakes

Big biometrics contracts and deals were the theme of several of the stories on that drew the most interest from…

 

Online age verification debates continue in Canada, EU, India

Introducing age verification to protect children online remains a hot topic across the globe: Canada is debating the Online Harms…

 

Login.gov adds selfie biometrics for May pilot

America’s single-sign on system for government benefits and services, Login.gov, is getting a face biometrics option for enhanced identity verification…

 

BIPA one step closer to seeing its first major change since 2008 inception

On Thursday, a bipartisan majority in the Illinois Senate approved the first major change to Illinois Biometric Information Privacy Act…

 

Identity verification industry mulls solutions to flood of synthetic IDs

The advent of AI-powered generators such as OnlyFake, which creates realistic-looking photos of fake IDs for only US$15, has stirred…

Comments

Leave a Reply

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

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events