Ambitions for international growth and additional investment are evident in announcements from Linxens, Oz Forensics, First AML and Ambiq to open new facilities and offices to reach new scale and new markets for biometrics and digital identity secure.
Linxens invests $5.27 million in biometric sensor workshop
Linxens has invested 5 million euros (approximately $5.27 million) in a biometric sensor workshop in Mantes-la-Jolie, France, to strengthen its presence in the field of biometric fingerprint cards.
Thanks to Linxens’ investment, the workshop will include a clean room and equipment to assemble fingerprint sensors for biometric card manufacturers. The company says it will enable large-scale production of the sensors and centralize the various design and production stages to ensure a competitive solution and rapid development.
“By creating our world-class biometric center in Mantes-la-Jolie, we will provide a unique solution to our customers for the current and future development of our various products. It’s also a great opportunity for our teams in Mantes to acquire new skills in a promising technology,” comments Arnaud Brunetière, Deputy CEO of Linxens.
Linxens plans to ensure that the next generation of high-tech cards will incorporate a biometric sensor. It gives examples of payment cards, access to buildings or validation of documents.
The company says it has four R&D centers and seven full-scale production sites around the world. Although with its most recent workshop in Mantes-la-Jolie, it has perhaps eight full-scale production sites.
Oz Forensics cuts the ribbon for new main office in Dubai
Oz Forensics has opened its latest office in Dubai to serve as the primary hub to compete internationally for global facial biometrics business.
Artem Gerasimov, CEO of Oz Forensics, said: “In 2021, our company experienced strong growth reaching more than 18 territories worldwide, and establishing a strong international customer base, as well as the introduction of detection technology. identity theft and counterfeiting. We have strengthened our team to increase and support our marketing activities to better meet the needs of our customers. This opening represents an important step in our growth as it will represent the main hub of our business. »
The company had an office in Sheridan, Wyoming prior to the announcement. Its international clients are mainly in financial services, such as Sberbank Kazakhstan and Freedom Finance Bank. Its facial biometrics software passed the iBeta test lab’s Level 2 presentation attack detection without error.
A press release says the Dubai office is part of Oz Forensics’ long-term strategy for global reach. It plans to expand into the Latin America market with more customers, a dedicated team, and the introduction of its flagship on-device product Oz Liveness.
First AML opens an office in the UK
First AML, a New Zealand-founded anti-money laundering (AML) company that performs identity checks with biometrics, has opened a new location in the UK to bring its service to the country.
The new office is located in Shoreditch, a district of London, England, and will have 25 employees. The expansion is part of its strategy made possible through a NZ$30 million (US$21.4 million) Series B funding round in November 2021 that the company has pledged to use for its presence in the UK, Europe and Singapore, while doubling its workforce by the end of 2022.
First AML claims to automate and simplify AML/KYC (know your customer) onboarding processes by only requiring the customer’s name and email address, which are checked against their pre-verified database to reduce repetitions, costs and frictions.
With a focus on anti-money laundering, First AML notes the relevance of opening a site in the UK due to the country’s links to financial crimes made particularly evident by Russian oligarchs who park their funds in Great Britain. First AML cites a report by the United Nations Office on Drugs and Crime which estimates the cost of money laundering at 2-5% of global GDP, or US$800-2 trillion.
AML’s first CEO, Milan Cooper, said, “Our customers love our solution and it’s proven to be the best approach to streamlining customer due diligence. With groundbreaking investigations into tax havens and money laundering in multiple countries, the AML compliance regime is a top priority for accounting, legal and real estate.
Ambiq opens a regional hub in Singapore
Ambiq has opened a regional hub in Singapore to focus its design, verification and validation engineering teams for business growth.
The technology design center will serve as the site for the design of its Subthreshold Power Optimized Technology (SPOT) platform that builds energy-efficient semiconductors for various applications, including wearable biometric devices and biometric ID cards.
The company has ties to Singapore, receiving funding and support for regional expansion from EDBI, a Singapore-based investor. He also won Asia-Pacific Stevie Awards for Innovation for his role in Singapore’s TraceTogether COVID-19 program with its Apollo3 Blue system-on-chip to enable community contact tracing.
“Singapore is uniquely positioned to play a vital role in the continued growth of technological innovation in the ASEAN region,” said Fumihide Esaka, Chairman and CEO of Ambiq. “As Ambiq continues to diversify and expand its business around the world, the new Technology Design Center is further testament to our commitment and investment in Singapore for future success, allowing us to effectively grow our teams of development.”
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