IDEX Biometrics Enabling Smart Cards to be Issued by China Construction Bank
June 17 2021 - 2:00AM
Oslo, Norway – 17 June 2021 - IDEX Biometrics
ASA, a leading provider of advanced fingerprint
identification and authentication solutions, is pleased to announce
that China Construction Bank (CCB), one of the world’s largest
banks and a leader in the development of China’s Digital Currency
Electronic Payment (DCEP) infrastructure, has expanded certain
“digital renminbi” (数字人民币 in Chinese) 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 in CCB’s DCEP pilots, which to date have involved the
deployment of “soft wallets” in the form of mobile phone
applications. DCEP is an encrypted, digital version of the
renminbi, China’s national currency, and represents legal tender
administered by the People’s Bank of China, the nation’s central
bank. A digital renminbi hard wallet resembles a conventional
dual-interface smart card, with secure processing, encrypted
memory, and near-field communication capabilities in the secure
element. The card’s stored value is further secured with advanced
fingerprint recognition and authentication provided by IDEX
Biometrics. This enhanced level of integrated, dedicated security
gives sponsoring organizations such as CCB the confidence to allow
higher transaction limits and higher stored balances on card-based
“hard wallets” than allowed on vulnerable phone-based “soft
wallets”. Users are afforded both ease of use and a high level of
protection.
“As the DCEP initiative continues to evolve, there is a
significant market opportunity for offline hardware wallets
protected by fingerprint biometrics,” said IDEX Chief Executive
Officer, Vince Graziani. “Low cost and easy to use hardware wallets
are the perfect solution for enabling the DCEP initiative to reach
those who do not have access to a smartphone or a bank, who would
be otherwise left behind in a digital currency world. The emerging
hardware wallet application is an incremental market opportunity
beyond the already large market for biometric payment
cards.”
For further information contact:Marianne Bøe,
Investor Relations E-mail: marianne.boe@idexbiometrics.com Tel:
+47 9180 0186
About IDEX BiometricsIDEX Biometrics ASA (OSE:
IDEX and Nasdaq: IDBA) is a leading provider of fingerprint
identification technologies offering simple, secure, and personal
touch-free authentication for all. We help people make
payments, prove their identity, gain access to information, unlock
devices, or gain admittance to buildings 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 and
follow on Twitter @IDEXBiometrics
TRADEMARK STATEMENTThe wordmark ‘IDEX’ and the
IDEX logo are registered trademarks of IDEX ASA. All other brands
or product names are the property of their respective holders.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
Ideanomics (NASDAQ:IDEX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ideanomics (NASDAQ:IDEX)
Historical Stock Chart
From Sep 2023 to Sep 2024