Biometrics company Fingerprint Cards AB has teamed up with startup Flywallet, to develop biometric wearable products for the European market, the firms have announced.
As part of the deal, Flywallet’s wearables will feature Fingerprints’ biometric sensors, software and algorithm which can be used to identify and verify users in a range of different scenarios.
Smart wearable devices have become an increasingly popular form of secure identification using biometric measurements. In 2022, Flywallet launched Keybe, a device that can be inserted into fashion accessories such as bracelets or watch straps and is equipped with biometric sensors for user authentication and to monitor their health.
Through the fingerprint or the ECG heartbeat authentication, the user can make payments in stores as well as enabling passwordless logins to online services, ticketing for public transport, loyalty cards, access to gyms, offices and homes, car door locks and digital identity.
With demand for wearables set to continue to increase, Flywallet said combining biometric authentication with wearable technology will ensure only the owner of the device can use it, enabling new possibilities in both payments and access.
Lorenzo Frollini, Founder, CEO & CTO at Flywallet, said: “We are pleased to have established a strong partnership with Fingerprints, where we can share an innovative vision on biometric wearables. Together, we are enabling simple and secure biometric technology that people can use to enhance their everyday lives.
“In an ever-advancing and hyperconnected world, we believe companies that come together will thrive in providing a smooth and secure user experience to access digital services. Our partnership with Fingerprints follows our goal and direction of building a cyber risk-proof interface to connect physical and digital identities, based on the simplicity of biometrics.”
