COMPANY

What is our company mission?

Current methods of identification and authentication are insecure, inconvenient, time-consuming and impersonal. Whether it’s validating a payment, authorizing access to information, unlocking devices or giving admittance to buildings, PINs, passcodes, signatures, and keys are substandard. Our biometric identification and authentication technologies allow people to use fingerprints to prove their identity in a way that’s truly simple, secure and personal.

What is our company vision?

Our vision is to lead the charge in ridding the world of PINs, passcodes and keys. We want to put secure identification and authentication at everyone’s fingertips.

Who are our customers?

In the smart card market our economic buyers are the manufacturers of the cards and we are proud to work with some of the biggest names in the market including IDEMIA, Goldpac and a range of other major players. You can find out more here.

Which markets do we target?

IDEX Biometrics is a fingerprint sensor manufacturer focused on 5 key verticals, Payments, Identification, Access Control, Healthcare and IoT & Embedded Systems. You can find out more here.

What is the market potential in our target markets?

Biometrics Research Group Inc. estimates the global biometrics market will grow to US$55.5 billion by 2025 from its projected 2020 value of US$35.5 billion.

Goode Intelligence forecasts that almost 579 million biometric payment cards will be in use around the world by 2023 to enable frictionless customer authentication for higher-value contactless card transactions.

WiseGuyReports notes that the global market for biometric authentication and identification was valued at US$11.76 billion in 2015 and is expected to grow to US$25.31 billion by 2020 with compound annual growth rate (CAGR) of 16.56 percent.

What does our business model look like?

Our business model includes the design, development and sale or licensing of fingerprint sensor IP and related products. We typically are paid either a contracted price for each sensor and solution, a royalty on each device that incorporates our technology, or a combination of the two.

What benefits do our solutions offer to the biometric smart cards for Payments market?

There are multiple benefits for using biometric payment cards including reducing fraud, reducing cost, boosting accountability, delivering brand differentiation and delighting consumers. You can find out more here.

What benefits do our solutions offer to the biometrics smart cards for Identification market?

There are multiple benefits to biometric identification including eliminating impersonation, reducing fraudulent activity and providing proof of life. You can find out more here.

What benefits do our solutions offer to the biometric smart cards for Access Control market?

There are multiple benefits to biometric access control including ensuring only authorized personnel gain entry to restricted areas since the physical presence of the person is required for authentication. You can find out more here.

What benefits do our solutions offer to the biometric smart cards for Healthcare market?

There are multiple benefits to biometric identification and biometric authentication including streamlining security and driving efficiency in the identification, record keeping and retrieval of patient records. You can find out more here.

What benefits does our technology offer to the IoT & Embedded Systems market?

There are multiple benefits including making transactions quicker and more efficient, reducing fraud, reducing cost, boosting accountability, delivering brand differentiation and delighting consumers. You can find out more here.

Why don’t we target the mobile phones market?

Our fingerprint sensors and fingerprint sensor modules systems are applicable in any system or device which require authentication via a key, password or PIN. Our products are relevant across markets and verticals, including mobile. However, being a small company, we need to prioritize. Our current focus is on 5 key verticals, Payments, Identification, Access Control, Healthcare and IoT & Embedded Systems. You can find out more here.