FST Biometrics Reports 30 Percent Jump in Customer Base Over Past Year

FST Biometrics is undergoing considerable growth. The company reports that over the past 12 months it has increased its customer base by about 30 percent, and is now seeing about 1.5 million identifications through its platform per month.

FST Biometrics Reports 30 Percent Jump in Customers Over Past YearIts platform is the IMID (In Motion Identification) system, a multi-factor biometric identification platform combining facial, voice, and gait recognition. The camera-based system enables passive authentication, and has seen a range of deployments over the past several months, from a technology museum in the Netherlands to the Israel Diamond Exchange.

The company’s report of strong growth won’t come as a huge surprise for those who have been following its progress. Earlier this month, FST Biometrics announced that its board of directors appointed Avi Naor, an entrepreneur and investor, as its new chairman, with the aim of taking the company “to the next level,” as Naor himself put it. It was a move aimed at leveraging and building the company’s momentum—a project facing good prospects.

Commenting in a statement, FST CEO Aharon Zeevi Farkash said, “We are ready for the coming period of aggressive growth.”

July 19, 2016 – by Alex Perala