Announcement
Croma Sec. Sol. Grp : Strategic Partnership
RNS Number : 2949Z
Croma Security Solutions Group PLC
24 January 2022
24 January 2022
CROMA SECURITY SOLUTIONS GROUP PLC
("CSSG" or the "Company")
NEW STRATEGIC PARTNERSHIP
Croma Security Solutions Group Plc, the total security services provider, is pleased to announce that it has entered into a new strategic partnership with FinGo, a biometric identity authentication and payments platform. The new alliance will complement and strengthen each company's leading solutions in the provision of non-invasive biometric technology.
Croma currently deploys FASTVEIN™ biometrics across the education and construction sectors, providing customers with a quick, easy to use, accurate and cost-effective identity management. Working with FinGo will allow Croma to expand its product suite to include payments alongside existing identity and access control offerings in these sectors. This partnership will also expand FinGo's digital identity management and payment expertise to include access management.
Over the last 12 months, FinGo has adapted its solutions to integrate with COVID-support services, including secure contact tracing within hospitality settings and verification of employee COVID test results within the care industry. The company is also in talks with policy makers over the use of FinGo and vein ID for vaccine certification.
Nick Dryden, FinGo Chief Executive Officer, commented " FinGo is delighted to enter into this strategic partnership with Croma. The combined capability, coupling many years of experience in the security and access management arena with our payments and digital identity management expertise, will create a unique offering. We look forward to taking the joint offering to market in 2022 and giving existing and new customers an opportunity to deploy one single secure and convenient biometric solution."
Roberto Fiorentino, Chief Executive Officer, Croma, added: "Croma is very pleased to announce today our official partnership with FinGo. This collaboration will give rise to the sharing of resource and solutions to bring exacting client offerings across a number of verticals in which we each currently operate. We are excited about the opportunity of building on our position in the provision of human identification, biometric payment systems and access control solutions."
Sebastian Morley, Chairman, Croma, said " We are delighted to announce this strategic partnership.
This is a clear direction of travel post COVID when credible service providers are seeking to collaborate in order to deliver for clients and shareholders."
ENDS
For further information visit www.cssgroupplc.com or contact:
Croma Security Solutions Group Plc Tel: +44 (0)7768 006 909
Sebastian Morley (Chairman)
WH Ireland Limited Tel: +44 (0)207 220 1666
(Nominated Adviser and Broker)
Mike Coe
Jessica Cave
Novella Tel: +44 (0)203 151 7008
Tim Robertson
Fergus Young
About FinGo
FinGo is the world's first biometric identity authentication solution, open to everyone and a mission to provide a more secure and inclusive way to navigate the world. FinGo uses unique vein patterns hidden inside a finger to instantly identify and authenticate individuals without the need for cards or devices to be present.
Originally payments focused, parent company Sthaler Ltd was founded from a desire to create a cashless experience for festivals and events, with FinGoPay introduced at Festival No 6. Recent awards include Fast Company: Top 10 Europe's Most Innovative Companies, 2020; UK Enterprise Awards: Identity Servicer Product Innovator of the Year, 2020; Syndicate Room: Top 100 Fastest Growing UK Companies 2019; Telegraph: Smart City Innovation Award Industry Innovation of the Year, 2019 and Restaurant TECH Live: Tech Product of the Year, 2018.
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