TECHNOLOGY
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In addition , IDEX ’ s work will help to promote financial inclusion for those in underbanked areas . “ There ’ s a lot of people who can ’ t bank today because they don ’ t have government ID or the things necessary to get an account – biometrics will help solve that problem as financial institutions will know the person they ’ re issuing the card to is a real person .”
Looking to the future , Swearingen anticipates that rolling out the new technology will be similar to marketing previous concepts that seemed radical . Developers like IDEX often take on more of a systems role . “ You have to engineer the total solution , so we did a reference design . We did all the hard work : the hardware , software , everything so that card manufacturers could quickly come up to speed and sample products .”
Already , IDEX has partnered with Taiwanese smart card solution provider JINCO and Chinese contactless card developer Feitian . “ You ’ ll see more announcements imminently of different Tier-1 partnerships not just in China , but throughout the Asian supply chain . JINCO and Feitian have brought technical , manufacturing and channel
“ A fingerprint is unique to you and it ’ s not something somebody ’ s going to guess or look at over your shoulder ”
— Stan Swearingen , CEO , IDEX
OCTOBER 2018