• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

IDEX to Focus on Biometric Card Opportunities

January 30, 2018

IDEX is going to focus exclusively on biometric smart cards from now on, the company has announced.

IDEX to Focus on Biometric Card OpportunitiesIn a statement, the company explained that its renewed focus is a reflection of the growing excitement around the emerging biometric payment cards market. Major financial services brands including Visa and Mastercard have indicated that they are moving forward with ambitious programs aimed at introducing such solutions to the mass market this year, with the latter having already conducted successful field trials with fingerprint sensor technology provided by IDEX.

Accordingly, IDEX is now pivoting to “a complete focus of resources onto biometric cards”, according to a statement from the company, suggesting that IDEX will turn away from efforts to integrate its sensors into mobile devices and other consumer electronics. IDEX says the other key component of its reorientation invokes “an increased emphasis on bringing systems design and development skills in-house,” which, together with its focus on biometric smart cards, will help reduce “the quarterly run rate spend through 2018 below USD 6.5 million.”

The changes are understandable, not just because of the considerable opportunities anticipated with the emergence of biometric smart cards, but also because of the increasingly competitive market situation in mobile biometrics, which had spurred other fingerprint sensor specialists to expansionary efforts beyond the mobile market.

—

January 30, 2018 – by Alex Perala

Related News

  • AUDIO INTERVIEW: IDEX CFO Henrik Knudtzon on Biometric Smart Cards at MWCAUDIO INTERVIEW: IDEX CFO Henrik Knudtzon on Biometric Smart Cards at MWC
  • IDEX Focuses on Biometric Smart Cards in Year-end UpdateIDEX Focuses on Biometric Smart Cards in Year-end Update
  • IDEX Announces New CEO Ahead of Corporate UpdateIDEX Announces New CEO Ahead of Corporate Update
  • IDEX to Deliver Q4, 2017 Update on ThursdayIDEX to Deliver Q4, 2017 Update on Thursday
  • IDEX Expects to Complete Biometric Card Certification in ‘Early Q2’IDEX Expects to Complete Biometric Card Certification in ‘Early Q2’
  • IDEX Biometrics Marks First TrustedBio ShipmentIDEX Biometrics Marks First TrustedBio Shipment

Filed Under: News Tagged With: biometrics, Fingerprint, flexible, IDEX, low power, sensors, smart cards

Primary Sidebar

Want To Deploy Biometric Access? Download This First:

The resources in this bundle will give you the know-how to choose the right biometric access for your organization.

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Highlighting Biometric Security, NC DMV Head Pushes for Mobile Driver’s License
  • NY Attorney General Takes Aim at Madison Square Garden: Identity News Digest
  • [New Sponsors Announced] Feb 15 Virtual Summit Sessions Announced: Digital ID in Healthcare, Financial Services, Travel
  • After 250% Revenue Spike, São Paulo Onboarding Startup Goes Global
  • In Pursuit of Digital ID: Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics