IDEX Biometrics and TrustSEC partner to meet increasing demand for digital authentication with Biometric Smart Cards
October 24 2022 - 2:00AM
IDEX Biometrics and TrustSEC partner to meet increasing demand for
digital authentication with Biometric Smart Cards
Oslo, Norway – 24 October 2022 - IDEX Biometrics
ASA and TrustSEC, a leading European provider of digital
authentication solutions for access control and crypto wallets are
bringing biometric smart card solutions to market in response to
the demand for more secure and seamless digital authentication. The
partnership agreement combines the TrustSEC smart card module,
including card operating system and applets, with the IDEX
Biometrics TrustedBio fingerprint sensor solution. The biometric
smart card solution will secure access to digital- and crypto
currency hashwallets, as well as managing physical and logical
access for corporations, schools and governments, and is targeted
to reach the market in Q1 2023. With this collaboration, the
companies will mutually benefit from IDEX Biometrics industry
leading TrustedBio sensor and TrustSEC’s experience in smartcard
development and their significant customer base within the cyber
security market.
The digital identity verification market is set to rise to $16.7
billion in 20261, providing an important opportunity for secure
solutions for crypto hardware wallets, digital identification and
card-based access applications.
Magdy Sharawy, CEO of TrustSEC says: ‘TrustSEC’s strategy was to
bring to market a complete security solution for identity
management, access control, and crypto wallets, with fingerprint
authentication. Our collaboration with IDEX Biometrics is bringing
to market a highly secure, industry leading authentication solution
integrating the new IDEX biometric sensor with TrustSEC’s Smartcard
OS "SLCOS" running on Infineon’s latest generation Secure Element
chip, the SLC38. We are very confident of the success ahead and
excited about this partnership.’
’Combining the high-performance biometric architecture of
TrustedBio with the complete security software solution from
TrustSEC will provide an agile authentication and information
protection framework suitable for a variety of market needs and
applications. This collaboration will allow us to meet the
increasing global demand for biometric smart cards, continues Vince
Graziani, CEO of IDEX Biometrics.’
1 Juniper Research, 2022
For further information, please
contact:Marianne Bøe, Head of Investor Relations E-mail:
marianne.boe@idexbiometrics.com Tel: +47 918 00186
About IDEX BiometricsIDEX Biometrics ASA (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 TrustSECTrustSEC is a leading company in
the information security field, founded by internationally
recognized information security and cryptography experts. TrustSEC
focuses on developing innovative highly secure software solutions
that serve the digital transformation of governmental services, and
fintech, applying the latest technology trends of authentication.
TrustSEC offers a wide pool of secure turn-key hardware and
software solutions based on its uniquely, in-house developed
operating system for smart cards- SLCOS; namely Biometric smartcard
with a variety of in-house developed applets running over it;
Biometric FIDO2 applet, Biometric PKI applet, CPA / CPACE Common
payment application Contactless Extension and other customized
applets.For more information, visit www.trustsec.net
TRADEMARK STATEMENTIDEX, IDEX Biometrics,
TrustedBio 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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