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…
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]](https://16sp2o45qs973i2kpolavg37-wpengine.netdna-ssl.com/assets/HiRes6-620x350.jpg)
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…
“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…
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‘ 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 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…
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 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…
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 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…
“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 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…
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…
“Designed as an all-in-one smart card that can support payment, access control, and ID applications, The Card features an embedded fingerprint sensor that can biometrically authenticate a cardholder as the card is used…” Precise Biometrics‘ algorithm software is being used in ‘The Card’. It’s a biometric smart card solution from Korea-based ManeulLab, and was demonstrated…
Precise Biometrics‘ Q3 report finds the company in the red, but a technological shift is getting underway that should help to bring the company back to profitability next year, suggests Precise Biometrics’ new corporate update. The company’s net sales for the third quarter came in at just under SEK 10.1 million, compared to SEK 22.5…
Mobile ID World President Peter O’Neill recently spoke with Håkan Persson, CEO of Precise Biometrics. The conversation details the transformative period the company has navigated in 2017, beginning with discussion of how it is addressing last year’s announcement that its long-time hardware partner, Fingerprint Cards (FPC), will be replacing Precise’s algorithm solutions with its own biometric…
“The refinements were made primarily to better target the software solution to smart card applications…” Precise Biometrics has refined its Precise BioMatch Embedded algorithm software to enable support for even smaller fingerprint sensors. The company says its software now supports sensors as small as 30mm², and that it can operate via power-efficient microcontrollers. The refinements…
Precise Biometrics has signed on with a new licensing partner for its Precise BioMatch Mobile algorithm software. Korea-based fabless semiconductor specialist Haptrics Inc. will incorporate the technology into its CMOS fingerprint sensors. The deal will see Haptrics pay annual licensing fees to Precise Biometrics, as well as royalties based on the number of sensors sold…