A mobile banking startup offering services based on biometrics and blockchain auditing is expanding with a new office in San Francisco. The city is now Humaniq’s US headquarters.
The startup’s aim is to launch a new kind of bank that operates entirely through a user’s mobile device, aimed specifically at the world’s unbanked population. The system will use the Ethereum blockchain platform for transaction auditing, and will use biometric authentication to let users access its services, though Humaniq hasn’t yet specified the specific biometric mechanisms to be used.
Primarily based in Luxembourg and London, the Humaniq team is clearly excited about the company’s new location. In a statement, company founder Alex Fork said, “Given the breadth and might of American brands, products, and proficiency, the U.S. was the clear option as we pursued a home for our first office outside of Europe,” while Humaniq CEO Dinis Guarda said the “new US HQ in Silicon Valley allows us to be a piece of the powerful technological puzzle that has produced success after success in numerous areas of Industry 4.0.”
The US office will begin operations with a small business development and research team led by Senior Advisor Lene Schulze, with additional support from Humaniq Senior Advisors Patrick Chung and Ron Morris.
June 8, 2017 – by Alex Perala