Precise Biometrics

Precise Biometrics Gets New CFO

Precise Biometrics Gets New CFO

“We are very pleased of being able to recruit Ulrik as new CFO for Precise Biometrics. With his long experience and broad knowledge, Ulrik is the right person to contribute to the company’s continued development.” Stefan K. Persson, CEO, Precise Biometrics. Precise Biometrics has a new Chief Financial Officer. A graduate of the University of…

OPPO’s New Smartphone has In-Display Fingerprint Sensor Powered by Precise Biometrics

OPPO’s New Smartphone has In-Display Fingerprint Sensor Powered by Precise Biometrics

Precise Biometrics‘ algorithm software is being used to support in-display fingerprint scanning in the new OPPO R17 smartphone, the company has announced. It’s the result of Precise Biometrics’ partnership with fingerprint sensor provider Silead, and a validation of statements made in a corporate update about a year ago. At that time, Precise Biometrics’ then-CEO, Håkan…

Precise Biometrics Chairman Charts Rise of Optical, Ultrasonic Sensors, Biometric Cards in Q2 Update

Precise Biometrics Chairman Charts Rise of Optical, Ultrasonic Sensors, Biometric Cards in Q2 Update

“Commenting on the results, Precise Biometrics chairman Torgny Hellström highlighted the rise of optical and under-glass fingerprint sensors in mobile devices, noting that Precise Biometrics’ algorithm software had been used in the recently launched Huawei Honor 10, a market success.” Precise Biometrics has issued its results for the second quarter and the first half of…

Honor 10 Launches in Indonesia, Brings Ultrasonic Fingerprint Sensor

Honor 10 Launches in Indonesia, Brings Ultrasonic Fingerprint Sensor

Huawei’s Honor 10 smartphone has made it to Indonesia. At a launch event this week, Huawei subsidiary Honor Indonesia placed a strong emphasis on the device’s artificial intelligence technology, officially announcing the device with the tagline “Beauty in AI”. Its sophisticated AI has been applied mainly in the area of imaging, with its 24MP and…

Precise Biometrics CFO to Step Down

Precise Biometrics CFO to Step Down

“…the decision will not take effect immediately, with Thuresson agreeing to remain in his role until a new CFO has been found.” Precise Biometrics‘ Chief Financial Officer is stepping down, the company has announced. In a brief statement, the company said that Göran Thuresson has made the decision “to leave Precise Biometrics and return to a role…

Precise Biometrics, NXP Team Up On Biometric Payment Card

Precise Biometrics, NXP Team Up On Biometric Payment Card

Precise Biometrics and NXP Semiconductors are teaming up on contactless biometric payment cards. The collaboration’s announcement comes just about a week after Precise Biometrics unveiled Precise BioMatch Card, an adaptation of its Precise BioMatch Embedded fingerprint algorithm solution that is tailored for smart card and payment card integrations. Precise BioMatch Card will be integrated into…

Money20/20 Europe: The Biometrics Industry Speaks at “The Greatest FinTech Show on Earth”

Money20/20 Europe: The Biometrics Industry Speaks at “The Greatest FinTech Show on Earth”

FindBiometrics was in Amsterdam this week reporting live from Money20/20 Europe, where biometrics were an integral part of the conversation. From the main stage to the exhibition floor, biometrics are the buzz this year, with day-one keynotes from Biocryptology and Mastercard framing identity and authentication as crucial components to the FinTech space in Europe and…

INTERVIEW: Precise Biometrics’ Fredrik Sjoholm at Money20/20 Europe [AUDIO]

INTERVIEW: Precise Biometrics’ Fredrik Sjoholm at Money20/20 Europe [AUDIO]

Precise Biometrics established itself as one of the world’s top providers of fingerprint algorithm software thanks at least in part to its prudent acumen, with the company having established a key partnership with fingerprint sensor provider Fingerprint Cards early on in the game, and later expanded its roster of partners as the mobile biometrics market…

Precise Biometrics Launches Card Solution

Precise Biometrics Launches Card Solution

“It is capable of matching a fingerprint within a Secure Element, and Precise Biometrics says it can support fingerprint sensors as small as 30mm².” Precise Biometrics has officially unveiled its new fingerprint matching algorithm solution for the smart card market, dubbed Precise BioMatch Card. It isn’t an entirely new solution, but rather an adaptation of…

BRIEF: The Fingerprint Sensor Market is Still Rising

BRIEF: The Fingerprint Sensor Market is Still Rising

Fingerprint sensors are now a standard feature on contemporary smartphones. Yet while they’re more popular than ever, a number of fingerprint sensor specialists have had to contend with serious market pressures in recent months, with costs in the mobile market dropping and a growing number of competitors. That doesn’t mean the fingerprint sensor market has…

Precise Biometrics Board Gets Approval for Most Proposals at AGM

Precise Biometrics Board Gets Approval for Most Proposals at AGM

Precise Biometrics‘ AGM was held this week, and produced mixed results with respect to the proposals of the company’s Board of Directors. As per one of the Board’s proposals, it was resolved that dividends would not be paid out for 2017, reflecting the considerable market challenges that Precise Biometrics and its peers faced in the…

Precise Biometrics Maneuvers Around Competitive Pressures in Q1 Update

Precise Biometrics Maneuvers Around Competitive Pressures in Q1 Update

Precise Biometrics has issued its Q1 report for 2018, and the results suggest the company is adapting well to pressures in the mobile biometrics market. Precise Biometrics’ operating loss is down from a year ago, coming in at SEK -2.03 million, compared to -2.66 million in Q1 of 2017. And while many biometrics specialists have…

Huawei Honor 10’s Fingerprint Sensor is Powered by Precise Biometrics

Huawei Honor 10’s Fingerprint Sensor is Powered by Precise Biometrics

Precise Biometrics algorithm software is powering the fingerprint scanning capability of a new smartphone from Huawei. Unlike the Honor 9, which featured a Fingerprint Cards sensor, the new Honor 10 uses fingerprint sensor from Qualcomm. And unlike Huawei’s recently launched Porsche Design Huawei Mate RS, the sensor is not embedded within the Honor 10’s display, but…

Precise Biometrics Pivots as Market Forces Bear Down in Q4 Update

Precise Biometrics Pivots as Market Forces Bear Down in Q4 Update

“…Precise Biometrics sees opportunities beyond the mobile sector…” Precise Biometrics has issued its Q4 and year-end fiscal results, and it looks like the company has suffered under the same market forces that have depressed other businesses in the industry. Adjusting figures to exclude its Tactivo reader business area, which has now been sold off, Precise…

Newly Appointed Precise Biometrics CEO Purchases 310,041 Shares in the Company

Newly Appointed Precise Biometrics CEO Purchases 310,041 Shares in the Company

Precise Biometrics has announced that its next CEO has purchased 310,041 shares in the company. The news comes soon after the announcement of previous CEO Håkan Persson’s abrupt resignation at the start of this week, with Stefan K. Persson to step in as the head of the company this summer. With Precise Biometrics having over 360…

Precise Biometrics CEO Håkan Persson Steps Down

Precise Biometrics CEO Håkan Persson Steps Down

Precise Biometrics‘ CEO has abruptly stepped down, with a senior executive from Danish home electronics maker Bang & Olufsen to take the helm this summer. In the meantime, CFO Göran Thuresson will act as an interim CEO, with assistance from Torgny Hellström as Executive Chairman. On August 1st, BO Home EVP Stefan K Persson will become Precise…

FPC and Precise Biometrics Tech to Feature in Visa’s Biometric Card Trial

FPC and Precise Biometrics Tech to Feature in Visa’s Biometric Card Trial

“Visa’s payment card solution features an embedded fingerprint sensor as well as red and green lights to indicate when authentication has succeeded or failed.” Visa is collaborating in the Bank of Cyprus’s biometric payment card trial, and will also initiate America’s first such pilot, with help from Fingerprint Cards and Precise Biometrics. Announced earlier this…

Precise Biometrics, Crossmatch Expand Licensing Arrangement

Precise Biometrics, Crossmatch Expand Licensing Arrangement

Precise Biometrics has expanded its licensing partnership with Crossmatch, allowing the latter to continue to use Precise BioLive liveness detection technology in its four-finger biometric scanners, and to now bring it to single-fingerprint scanners as well. The licensing arrangement came to Precise Biometrics by way of its acquisition of NexID Biometrics in early 2017. NexID…

Year in Review: Håkan Persson, CEO, Precise Biometrics Comments on the Exciting Year to Come

Year in Review: Håkan Persson, CEO, Precise Biometrics Comments on the Exciting Year to Come

As part of the FindBiometrics Year in Review 2017 we approached industry executives and thought leaders to get their comments on the past 12 months in the biometrics industry, and what’s in store for 2018. Precise Biometrics is a major name in fingerprint biometrics thanks to its prolific Precise BioMatch algorithm software solutions. Thanks to…

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