IDEX Biometrics Appoints New CFO

IDEX Biometrics has announced the appointment of Kristian Flaten as its new Chief Financial Officer (CFO), effective November 1, 2024. The appointment comes as the company expands the reach of its biometric authentication solutions, recently demonstrated by its implementation of biometric student ID cards in Kenya.

With over 25 years of experience in finance and corporate strategy, Flaten joins IDEX Biometrics from Quantafuel ASA, where he served as CFO. His previous roles include VP of Corporate Finance at BW Offshore and positions at Export Finance Norway and Handelsbanken, where he gained experience with financial technologies and secure payment systems.

The appointment aligns with IDEX Biometrics’ recent market expansion, particularly in emerging markets. The company has been actively developing its biometric payment solutions, as evidenced by its collaboration with IDEMIA for biometric payment cards and various implementations across different sectors.

Based at IDEX Biometrics’ Oslo headquarters, Flaten will oversee the company’s financial operations as it continues to develop its biometric platform and software solutions. He holds a Master of Science degree from the Norwegian School of Economics (NHH), with specialization in Finance and Strategy.

The new CFO succeeds John Kurtzweil, who will continue supporting IDEX Biometrics in an advisory capacity to ensure a smooth transition. Under Kurtzweil’s tenure, the company expanded its biometric authentication solutions across various markets and applications.

—
October 30, 2024 – by the ID Tech Editorial Team