Sweden's Fingerprint Cards looks to iris, facial recognition

Fingerprint Cards AB, which provides fingerprint censors for more than smartphone models, is delving into new domains from automobiles to contactless payment cards in a bid to contain revenue slumps from the stagnant smartphone market and falling smartphone prices.

To boost growth, the Swedish biometric authentication provider is looking to have iris, facial and other biometric modality-based solutions account for 10 percent of its sales by 2020, said its CEO Christian Fredrikson.

Of the 700 million units of capacitive smartphone and tablet fingerprint sensors (excluding that of Apple's) last year, Fingerprint Cards accounted for 40 percent on the level of original equipment manufacturer, a great majority of which being Chinese companies including Huawei and ZTE.