A new Chief Technology Officer has been appointed by Touch Biometrix, a disruptive fingerprint technology company.
Eric Derckx has joined the St Asaph based company. Derckx’s role will be to manage the development of the company’s first fingerprint sensor product.
Dr Cowin, Chief Executive of Touch Biometrix, said: “Eric is a significant appointment for us and will be an integral part of the Touch Biometrix team. His reputation and vast experience in overseeing product development operations will be invaluable to the company in quickly realising our first minimum viable product.”
Derckx said: “These are exciting times for Touch Biometrix and I am thrilled to have the opportunity to play such a significant part in shaping the company’s future.
“We are developing technology that will disrupt the fingerprint sensing industry and vastly improve the user authentication experience and its level of security – completely eliminating the need for passwords when using smartphones, computers and all manner of smart objects.”
Touch Biometrix made it on to the newly published market forecast report for the fingerprint sensing industry. The new research report predicts the fingerprint sensor market is expected to grow from $4.25bn in 2018 to $8.8bn by 2023.
The growth in fingerprint authentication technologies is being driven by the boom in mobile payment services and the need to increase the payment threshold for secure non-contact payment systems. Indeed, it is expected that biometrics will be standard in 90% of mobile devices by 2020 generating $1.37trn payment and non-payment mobile device transactions.