π Tender Overview
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 Enquras 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. 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. Enquras 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.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.