“The appointment’s official announcement arrives alongside that of IDEX’s name change, with the company’s formal moniker switching from IDEX ASA to IDEX Biometrics ASA…” IDEX Biometrics has officially announced the appointment of the latest member of its Board of Directors, Stephen Skaggs. Elected as the Board’s fifth member at this month’s Annual General Meeting, Skaggs…
As we’ve seen in our Primer and our look at the FIDO Alliance for On-Device Biometrics Month, there’s a wide range of areas in which the on-device approach to biometric data and authentication can be usefully applied. But one of the most important of these application areas is only just starting to come into view,…
The biometric payment cards market is coming to fruition after a period of accelerated innovation, and the Asian region is providing a fascinating case study for industry watchers. That’s why FindBiometrics Managing Editor Peter Counter recently spoke with Stan Swearingen, CEO of IDEX Biometrics, a pioneer in fingerprint-powered next generation smart cards. The conversation focuses…
IDEX has concluded its Annual General Meeting, and issued its results for the first quarter of 2019. The AGM was a successful one, with all resolutions having been made in accordance with the Board’s proposals. That includes an official name change to “IDEX Biometrics ASA”, aimed at offering a better indication of what the company…
IDEX Biometrics is finally ready to share the results of its collaboration with Hengbao. The company first announced that it was partnering with the Chinese card manufacturer back in September, and has now revealed that it has provided the fingerprint sensor for a dual-interface biometric card that will be on display at the second annual…
“Our enrollment invention not only addresses privacy concerns, it potentially aids financial inclusion by offering a cost-effective, practical solution for developing countries.” – Fred Benkley, Chief Innovation Officer, IDEX IDEX has been granted two US patents for important technology associated with its biometric payment cards solutions. The patents both pertain to the enrollment of a…
“IDEX said this is its first volume order for the SmartFinger IDX 32000 sensor, and described the multimillion-dollar deal as ‘the largest single customer commitment to date.’” IDEX has secured its biggest order ever, for its SmartFinger IDX 3200 dual interface fingerprint sensor solution. In announcing the order, IDEX did not disclose the name of…
Fingerprint biometrics specialist IDEX has set a date for its Annual General Meeting: It will take place on May 9th at the Vika Atrium Conference Centre in Oslo, starting at 9am local time. The news comes alongside the publication of IDEX’s Annual Report for 2018. Its fiscal results are consistent with the preliminary results issued…
IDEX may have some big news in the pipeline: The company has announced that it expects to win a contract with a global IT solutions provider serving the financial services market. The deal hasn’t yet been finalized, but in a statement announcing the development IDEX was able to provide a few early details. The company…
“With biometric technology, IoT providers can ensure data security across an entire network without increasing the burden on the end user.” IDEX Biometrics has continued its blog series on the Internet of Things with a look at the way that biometric technology is shaping the IoT market. In the post, IDEX CFO Henrik Knudtzon explains…
This week’s most-read articles on FindBiometrics cover a range of topics, including liveness detection, security in the Internet of Things, and even a bit of biometrics controversy. First, though, some good news. Despite incursions from facial recognition in the wake of Apple’s launch of Face ID, the overall fingerprint biometrics market is going to continue…
The Internet of Things will allow us to share more information at faster speeds on whatever device happens to be most convenient at the time. However, that convenience also comes with risk. When everything is connected to the internet, the security of the network is only as strong as its weakest link. Sure, your smartphone…
IDEX Biometrics has announced multiple changes in its executive-level leadership structure. Two of the changes stem from the creation of a new position within the company – Chief Innovation Officer. Fred Benkley, who previously served as IDEX’s Chief Technology Officer, has stepped into this role; and consequently Anthony Eaton, previously the VP of Systems Engineering,…
IDEX has issued its Q4 and year-end report for 2018, asserting that it’s well-positioned to take advantage of a biometric card market expected to boom. In terms of financial results, IDEX saw NOK 373,000 in revenues in the fourth quarter, compared to revenues of NOK 2,464,000 in Q4 of 2017. Revenues for the full year…
“In a statement announcing the MWC showcase, IDEX emphasized that its card solution does not require a battery or internal power source. “ IDEX‘s biometric payment card technology is being demoed live this week at the Mobile World Congress in Barcelona. The showcase is thanks to XH Smart Tech, which IDEX teamed up with in…
IDEX is dispelling some misconceptions about cryptocurrencies after doing the same for biometric payment cards and financial inclusion. In the first entry of the company’s latest blog series, IDEX Senior Vice President David Orme argues that biometric authentication is the next logical step for cryptocurrency expansion. According to Orme, biometric technology solves one of…
In the latest and concluding entry to its blog series on Biometrics for Financial Inclusion, IDEX Biometrics explained how biometric authentication will make it easier for people around the world to gain access to secure financial services. That can be particularly valuable to those with literacy issues, many of whom lack the traditional credentials that many…
“It’s beyond doubt that the market for biometric cards will ramp significantly in 2019. During the second half of 2018 a vast range of card integrators have geared up their efforts to commercialize biometric cards which will provide simple, secure and personal authentication for all. We see especially strong pull in China, and we are…
IDEX Biometrics has completed a $25 million USD private placement, the company has announced. The NOK 214 million deal entailed the sale of 53,437,500 shares to existing shareholders including Invesco, Woodford Investment Management, and members of the company’s management team and board of directors. In a statement announcing the private placement, IDEX asserted that it…