IDEX Biometrics and eSignus to launch biometric smart cards for digital authentication
September 13 2022 - 1:00AM
OSLO, Norway, 13 September 2022 - IDEX Biometrics ASA and
eSignus are collaborating to jointly develop and market biometric
cards for digital authentication and crypto asset wallets. These
biometric smart cards eliminate the need for PINs and passwords to
authenticate private keys for crypto and digital assets. The
biometric solution based on the IDEX Biometrics sensor technology
will be combined into an off-cloud hardware wallet solution that
works in conjunction with smartphones to secure online assets. The
biometric smart card is anticipated to reach the market in 2023.
eSignus provides digital and crypto assets custody Web3
solutions including hashwallets. With the expansion of the Digital
ID verification market, which is estimated to reach USD 53 billion
in 20301, eSignus facilitates the integration of the
decentralized economy into business environments at global
scale.
“IDEX Biometrics is capturing the increasing demand for digital
authentication, and our collaboration with eSignus creates further
opportunities for biometric smart cards.” says Vince Graziani, CEO
of IDEX Biometrics. ”Partnering with eSignus to enable mass
adoption of our high performing biometric technology solutions will
provide customers with new ways of safeguarding digital assets and
benefitting from secure offline user experiences.”
“eSignus highly values this new strategic collaboration with
IDEX Biometrics,” says Daniel Hernandez, CEO and Founder of
eSignus. “We see strong demand in the digital authentication market
and for our HASHWallet solution, which facilitates adoption of Web3
and digital assets. Using a biometric hardware wallet to
authenticate sign-in and to access private keys, enhances the user
experience, removes the need for PINs and passwords, and mitigates
the risk of being hacked.”
1 Juniper, Digital Identity Verification Research report,
2022
For further information,
contact: Marianne Bøe, Head of Investor
Relations E-mail: marianne.boe@idexbiometrics.com Tel.:
+47 918 00186
Brett L. Perry, U.S. Investor Relations E-mail:
bperry@sheltongroup.com Tel.: +1 214 272 0070
About IDEX
Biometrics IDEX Biometrics (OSE: IDEX and
Nasdaq: IDBA) is a leading provider of fingerprint identification
technologies offering simple, secure, and personal authentication
for all. We help people make payments, prove their identity, gain
access to information or unlock devices with the touch of a finger.
We invent, engineer, and commercialize these secure, yet incredibly
user-friendly solutions. Our total addressable market represents a
fast-growing multi-billion-unit opportunity.
For more information, visit
www.idexbiometrics.com
About eSignus
We are a consulting cybersecurity company experienced in the
financial, technology, and crypto security sectors. We
run HASHWallet, the most secure hardware wallet in the
market.
For more information, visit
www.esignus.com
TRADEMARK STATEMENT
IDEX, IDEX Biometrics and the IDEX logo are
trademarks owned by IDEX Biometrics ASA. All other brands or
product names are the property of their respective
holders.
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