The Swedish biometrics company Fingerprint Cards has joined the World Economic Forum’s (WEF) New Champions Community.
The New Champions Community is a group of mid-sized companies that are scheduled to meet in Tianjin, China, from June 27-29.
Senior Vice President of Strategy at Fingerprint Cards Charles Burgeat said of the new WEF membership, “As a proud member of the WEF New Champions Community program, we want to be recognized as a purpose-driven company that contributes positively to the changes needed to operate in the new digitalized world. By joining this Community, we look forward to brainstorming and exchanging ideas with peers, and bring our expertise of the biometrics industry.”
Reporting from Reclaim the Net:
Setting the Context: Fingerprint Cards faced choppy waters in Q1 of 2023, posting a loss of 70 million Swedish krona ($6.4 million) on a revenue of SEK 117 million ($10.8 million), Biometric Update reported. However, the firm plowed forward, achieving key milestones, including integrating its fingerprint biometrics in 700 Android smartphones and shipping 1 million biometric sensor modules for payment cards. Xiaomi’s Redmi K60 secured the distinction of being the first smartphone boasting Fingerprint Cards’ under-display tech. Xiaomi is a Chinese tech company.
