IDEX Biometrics, the Norwegian innovator in cutting-edge fingerprint technology, is collaborating with MCS Microsystems, a Malaysia-based, tech-focused smart card solution provider.
The partnership is aimed at developing next-generation, multi-application biometric smart cards.
MCS Microsystems boasts a significant global footprint with over 50 million users and involvement in more than 30 national identification projects, predominantly in government ID and healthcare sectors. IDEX Biometrics, on the other hand, is a leading force in fingerprint technology with a solid presence in the Asia Pacific region.
The collaboration stems from a shared vision to innovate in the realm of biometric smart cards for identity access. In a bid to bolster security, these cards will harness the power of IDEX Biometrics’ advanced fingerprint technology, thus marking a milestone in IDEX Biometrics’ expansion strategy in the Asia Pacific.
MCS’s multi-application smart cards will utilise IDEX Biometrics’ latest sensor solution, offering fast, accurate and seamless authentication. This move forms part of IDEX Biometrics’ broader strategy to penetrate non-payment segments where high-assurance performance and biometric matching are critical for robust ID solutions. By Q4 of 2023, MCS plans to roll out this battery-less solution to its customers and partners across Southeast Asia, North America, and Europe.
Catharina Eklof, CCO of IDEX Biometrics, believes the partnership with MCS will expedite the introduction of their advanced biometric card solutions into new industries. “The identity access management market is estimated to reach $53bn by 2026, and our joint solution with MCS positions us well in this emerging market,” she stated.
Chas Yap, managing director of MCS, echoed these sentiments, recognising the partnership’s potential to continue accelerating technology development in e-passports and multi-application ID cards. “This new biometric multi-application card solution is cost-efficient, long-lasting, has superior biometric performance, and addresses key business challenges for our customers,” Yap commented.
Keep up with all the latest RegTech news here
Copyright © 2023 RegTech Analyst
Copyright © 2018 RegTech Analyst