IDEX Biometrics ASA and Enqura are collaborating to jointly develop and market biometric smart cards for digital authentication in Turkey. Enqura Information Technology is an ID verification solution provider with a strong client portfolio ranging from international and regional banks such as HSBC, Odeabank (Bank Audi), Burganbank, finance companies like ALJ Finance and investment companies like QNB Finans Invest. Additionally, Enqura’s partnership with Apple, Google and Microsoft puts them in an excellent position to go to market with the IDEX Biometrics smart card solutions in Turkey and across Europe.
Enqura facilitates the integration of the digital ID verification, and the collaboration with IDEX Biometrics in bringing to market biometric smart cards will accelerate the deployment of seamless and secure digital verification and authentication at global scale. These biometric smart cards are anticipated to reach the market in H1 2023.
Latest Fintech News: Umpqua Bank Deploys $1 Million in Microloans to BIPOC and Women Entrepreneurs through Innovative Kiva Partnership
“IDEX Biometrics continues to accelerate the commercial ecosystem development in Turkey and across Europe, capturing the increasing demand for secure digital authentication solutions. The collaboration between Enqura and IDEX Biometrics creates further opportunities for biometric smart cards” says Catharina Eklof, CCO of IDEX Biometrics. ”Enqura’s large portfolio of banks, fintechs and retailers will benefit from IDEX Biometrics industry leading technology and solutions for biometric smart cards, and as such speed up market launches at scale.”
Latest Fintech News: Prudential Appoints New Chief Executive Officer for Africa
“Enqura is delighted to bring more secure and convenient authentication solutions through this new strategic collaboration with IDEX Biometrics,” says Metin Karabiber, CEO of Enqura. “We see strong demand in the digital ID verification and authentication market. Adding biometrics to authenticate sign-in and for access enhances the user experience, removes the need for PINs and passwords, and mitigates the risk of fraud.”
Latest Fintech News: Ceros Financial Services Arranges $7.5 Million Financing for Wesper
[To share your insights with us, please write to sghosh@martechseries.com]
