FinGo, Croma link to extend biometric technology use

FinTech FinGo has teamed with Croma Security Solutions to strengthen both company’s solutions in the area of non-invasive biometric technology.

FinGo, a company behind the first biometric identity authentication and payments platform, will work with Croma, who is a leading security access services provider.

According to FinTech Finance, the new alliance will also expand access to FinGo’s Vein ID platform to Croma’s global customer base. Vein ID offers payment, identity and age verification biometric services, with its technology taking a simple scan of a person’s vein pattern through infrared light and connecting it to a person’s registered FinGo account. This is subsequently linked to their verified ID or digital wallet to enable payments and identity authentication.

The publication added that working with FinGo will enable Croma to offer payments alongside existing identity and access control offerings in these sectors.

FinGo CEO Nick Dryden said, “FinGo is delighted to enter into this strategic partnership with Croma. Our combined capability, coupling many years of experience in the security and access management arena with our payments and digital identity management expertise, will create a unique offering. We look forward to taking the joint offering to market in 2022 and giving existing and new customers an opportunity to deploy one single secure and convenient biometric solution.”

Croma CEO Roberto Fiorentino added, “Croma is very pleased to announce today our official partnership with FinGo. This collaboration will give rise to the sharing of resource and solutions to bring exacting client offerings across a number of verticals in which we each currently operate. We are excited about the opportunity of becoming the absolute leaders in the provision of human identification, biometric payment systems and access control solutions.”

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.