NEXT Biometrics has expanded its biometric portfolio through a new partnership with Paravision. The latter is a facial recognition specialist that has consistently scored well in multiple rounds of NIST testing.
NEXT, on the other hand, is best known for its fingerprint recognition technology. The partnership with Paravision will allow the company to offer both fingerprint and facial recognition technology to its customers, and generate revenue from the sale of software in addition to the sale of its fingerprint hardware.
It will also make NEXT’s offer more appealing to customers that want to offer support for multiple biometric modalities in their devices. In that regard, NEXT will be able to provide customers with everything they need to enable dual authentication.
The two companies did not disclose the full length of the deal, but confirmed that it is a multi-year agreement. NEXT indicated that the arrangement is already starting to pay dividends, claiming that several existing customers have already released devices with face and fingerprint recognition capabilities.
“We have found a perfect partner in Paravision,” said NEXT CEO Peter Heuman. “With this step NEXT enters the software market and we enrich our biometric offering overnight.”
“We are proud to partner with NEXT Biometrics to power trusted, industry-leading face recognition and dual authentication solutions,” added Paravision CEO Doug Aley. “Face and fingerprint are highly complementary, and we’re excited to see NEXT deliver the value of both modalities to their customer base.”
NEXT’s fingerprint recognition technology has proven to be especially popular in the Indian market, where its sensors have been integrated into Point-of-Sale terminals from companies like Pagaria and MobiOcean. The company’s technology is compatible with India’s Aadhaar biometric ID program.
Paravision, meanwhile, has recently been looking to expand after bringing in $23 million in its latest round of funding. The company has also appointed a Chief AI Ethics Advisor to guide the development of its platform moving forward.
August 13, 2021 – by Eric Weiss