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IT

G+D invests in IDnow to develop biometric ID technologies

Thursday 17 May 2018 | 13:06 CET | News
German mobile technology provider Giesecke & Devrient's G+D Mobile Security unit and IDnow have entered into a partnership to combine their expertise and resources to develop AI-driven biometric and security technologies for digital identification. The first result of their cooperation is the development of a fully automatic remote identification solution for international markets, said IDnow.

G+D Ventures, the company’s corporate venture unit, now holds a minority stake in IDnow as part of a "multi-million euro" investment to accelerate R&D and IDnow’s international expansion, increasing IDnow’s financing to over USD 12 million.



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Categories: IT
Companies: Giesecke & Devrient
Countries: Germany
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