IDEX Receives Another Order for Biometric Card Tech

“Card integrators are seeing the benefits of biometric smart cards, and the market is picking up speed. Chinese vendors are very keen to implement innovative technology, and we are proud to partner with a fast-growing company such as XH Smart Tech to drive commercialization of biometric cards.” – Stan Swearingen, CEO, IDEX Biometrics

IDEX Biometrics has received what appears to be its second major order for its fingerprint sensor technology for dual interface smart cards.

The company’s latest client is China-based XH Smart Tech, a digital security solutions provider and smart card producer. According to a statement from IDEX, the firm is one of China’s top five smart card vendors by market share, and its customer base includes the Commercial Bank of Kuwait, Turkey’s DenizBank, Uzbekistan’s Orientfinans Bank, Postal Savings Bank of China, South Africa Laxton, and the South African Post Office.

The order’s announcement comes soon after IDEX received its first order for smart card fingerprint sensors in September, from an unnamed client. IDEX has not revealed unit volumes or revenues for either order.

The news also comes after IDEX announced that it had teamed up with Hengbao, another China-based IT solutions provider, to trial dual interface cards in the Asian market, suggesting that China and the APAC region could be of growing importance in IDEX’s escalating biometric smart card sensor efforts.

Commenting in IDEX’s latest announcement, the company’s CEO, Stan Swearingen said his firm has seen “strong customer interest” in its sensor solutions, adding, “Chinese vendors are very keen to implement innovative technology, and we are proud to partner with a fast-growing company such as XH Smart Tech to drive commercialization of biometric cards”.

–

October 31, 2018 – by Alex Perala

Related News

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

Related News

Footer

Follow Us