Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
IDEX Biometrics ( (IDXAF) ) has provided an update.
A major Norwegian public authority has selected the IDEX Total Access Card to merge physical and digital access into a single biometric, passwordless credential. The move targets longstanding security weaknesses from visible PIN codes in crowded entry points, reinforcing demand for biometric authentication in high-security environments.
The deployment begins as a paid pilot in the coming weeks and marks a strategic milestone for IDEX Biometrics in public-sector security. If the pilot succeeds, the company plans to expand its presence in high-security markets, potentially strengthening its commercial position and showcasing biometrics as a replacement for traditional password-based systems.
More about IDEX Biometrics
IDEX Biometrics ASA is a biometrics technology company focused on identity-first solutions for access and payments. Its globally certified products, including biometric cards, serve enterprises, the public sector, banks, and issuers, enabling secure digital and physical authentication as well as payment experiences.
YTD Price Performance: -6.29%
Average Trading Volume: 188,326
Current Market Cap: NOK383.8M
For a thorough assessment of IDXAF stock, go to TipRanks’ Stock Analysis page.