OSLO: In response to a challenging fourth quarter in 2024, IDEX Biometrics has announced a new strategic direction and a change in leadership. The company’s board of directors recently completed a strategic review, leading to a significant shift in how IDEX will market its technology and products. The review highlighted IDEX’s competitive advantages in biometric access technology,…
Tag: IDEX Biometrics
IDEX Biometrics and Thames Technology partner to deliver biometric smart cards
Oslo, Norway: IDEX Biometrics, a leading provider of fingerprint authentication solutions, has announced a new agreement with Thames Technology, a Paragon ID company and one of Europe’s leading card manufacturers and issuer partners, to accelerate the commercialization at scale of biometric smart cards. Thames Technology develops, manufactures and personalizes more than 250 million cards annually…
IDEX Biometrics and Tongxin Microelectronics collaborate on new market opportunities
OSLO, NORWAY: IDEX Biometrics has entered a Memorandum of Understanding with Tongxin Microelectronics Co., Ltd (TMC), a leading Chinese supplier of secure element (SE) microprocessors. The memorandum calls for collaboration on a range of business opportunities for which fingerprint authentication is applicable. The first such opportunity is a jointly developed, turnkey reference design for a…
IDEX Biometrics announces TrustedBio MaxT
OSLO, NORWAY: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced the second product in its TrustedBio (TM) line of highly-differentiated fingerprint authentication solutions, TrustedBio Max. TrustedBio Max provides the highest level of single-device functionality available for card-based fingerprint authentication. Unlike sensor-only products, the TrustedBio family of products integrates into…
IDEX Biometrics enabling smart cards to be issued by China Construction Bank
OSLO, NORWAY: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced China Construction Bank (CCB has expanded certain “digital renminbi” trials to include the issuance of smart cards that are secured by IDEX Biometrics fingerprint sensors and biometric software. These smart cards will serve as digital “hard wallets” for participants…
IDEX Biometrics ADSs to be Listed on Nasdaq as of 1 March
OSLO: IDEX Biometrics ASA announced that the Company will list American Depositary Shares (ADSs) each representing 75 ordinary shares of the Company on the Nasdaq Capital Market. Nasdaq has approved the ADSs for listing, and they are expected to begin trading under the symbol “IDBA” on 1 March 2021, subject to approval by the U.S….
China UnionPay awards second letter of approval to IDEX Biometrics
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced that China UnionPay (CUP) has issued a second letter of approval (LOA) for a biometric payment card that contains IDEX’s fingerprint sensor and biometric solutions. The card is manufactured by Goldpac Group Ltd. (Goldpac). The LOA is the formal acknowledgement…
IDEX Biometrics adds another global payment network
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has entered into a strategic engagement with an additional US-based global payment network scheme, a news release said. IDEX is working with this partner to actively engage with card issuers. This is the third payment network to partner with IDEX to…
IDEX Biometrics receives production order from Zwipe
OSLO: IDEX Biometrics ASA has received an order for 300,000 units from its partner Zwipe, a leading biometric fintech company. The order, of 300,000 units, of IDEX’s TrustedBio (TM) fingerprint sensors, will support the roll-out of Zwipe’s Pay ONE platform to a growing list of smart card manufacturers and card issuers in Europe, the Americas…
Thomas M. Quindlen joins the Board of IDEX Biometrics
OSLO: The nomination committee of IDEX Biometrics ASA has invited payment veteran Thomas M. Quindlen to join the company’s board. Mr. Quindlen will act, with immediate effect, as a non-voting board observer and advisor, pending board election at IDEX Biometrics’ next general meeting of shareholders. Mr. Quindlen is Executive Vice President and CEO for Retail…
Zwipe and IDEX Biometrics collaborate on Zwipe Pay ONE platform
OSLO: Zwipe AS, a leading biometric fintech company, and IDEX Biometrics have signed an agreement that will see Zwipe combining IDEX Biometrics sensor products with the Zwipe Pay ONE platform to enable a complete system solution for biometric payment cards. Zwipe Pay ONE is a technology platform based on a single-chip biometric secure element with…
IDEX Biometrics, FEITIAN achieve certification for China UnionPay dual-interface biometric payment card requirements
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced that its dual interface technology is included in FEITIAN Technologies Co., Ltd.’s certified biometric contactless payment card solution. FEITIAN is one of the world’s leading suppliers of smartcard operating system and digital security system solutions serving more than 200 banks…