IDEX Biometrics to Add Synchrony Retail Card Exec to Board

IDEX Biometrics is looking to get some more payments industry talent on its board of directors. The company has announced that it has invited Thomas M. Quindlen to join the board, pending his election at IDEX’s next general meeting for shareholders.

Quindlen is currently the head of Retail Card, the largest division of Synchrony, a Fortune 200 financial services company. Synchrony was spun off from General Electric’s GE Capital business in 2014; before that, Quindlen served in several senior positions with GE for almost 22 years, including CMO of GE Commercial Finance, CEO of Corporate Lending, and CEO of Capital Corporate Finance.

In his pending position on IDEX’s board, Quindlen will act as a non-voting observer and advisor, bringing the expertise accumulated through his many years of experience to the table as the company looks to accelerate its activity in the emerging area of biometric payment cards.

“We are delighted to have Tom joining our board of directors,” commented IDEX Biometrics CEO Vince Graziani. “With his extensive knowledge and experience of the payment card industry, Tom has the right background to help guide the strategic direction of our company as biometric payment card take-up accelerates.”

The announcement of Graziani’s appointment comes amid further signs that the biometric payment cards market is starting to reach a broad commercialization phase, with IDEX having received its first volume order for its TrustedBio fingerprint sensor solution last month.

“I believe IDEX has developed a market enabling technology, with a sustainable competitive advantage,” Quindlen attested. “I look forward to working with the IDEX team to guide the Company to achieve its ambitions and deliver value to its shareholders.”

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October 7, 2020 – by Alex Perala