Fingerprints Appoints New Chief Strategy and Technology Officer

Swedish biometrics firm Fingerprint Cards (FPC) has announced the appointment of David Eastaugh as its new Chief Strategy and Technology Officer (CSTO), effective August 19, 2024. With over 25 years of experience in identity, data, and financial crime prevention, Eastaugh will play a pivotal role in the company’s strategy to diversify into digital identity.

Eastaugh joins FPC from LexisNexis Risk Solutions, where he was Senior Director of Software Engineering. Previously, he served as CTO at UK regtech TruNarrative for over six years. FPC, established in 1997, is known for its capacitive fingerprint touch sensors and iris recognition software, primarily serving the PC, payment, and access product sectors after having helped to pioneer the mobile biometrics revolution of the last decade.

“Leveraging our rich biometric history and core business as we expand to be a digital identity company, we aim to replace passwords with more reliable biometric authentication,” said Adam Philpott, President and CEO of FPC. “This will enhance cybersecurity and user experience across various applications, including access control and secure online transactions. David will spearhead this capability development.”

FPC recently announced that it received a $1 million purchase order from a global provider of FIDO solutions, highlighting the increasing demand for secure authentication methods amidst rising cyber-attacks. At the time, Hila Meller, Chief Revenue Officer of Fingerprints, noted the growing need for strong passwordless authentication in Zero Trust networks.

That development followed Fingerprints’ recent collaboration with IN Groupe to launch a secure component solution for contactless biometric payment cards, aiming to meet consumer demand for contactless payments by enhancing reliability, simplifying manufacturing, and reducing costs.

Source: Fintech Futures

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August 8, 2024 – by Tony Bitzionis