Innovation in machine learning and A.I. is presenting new opportunities to integrate biometric and facial recognition technology into consumers’ everyday lives, from checking into an airport lounge or checking out of a self-service store to tracking emotional or physical health. Additional programs are incorporating such tech into restaurant services to increase efficiency and improve convenience.
Digital payment is preferable to cash among young consumers, and Sthaler’s Fingopay system is an innovative method allowing shoppers to leave their wallet at home. The British fintech firm collaborated with Danish debit card company Dankort to put its biometric finger payment system into the restaurant and coffee shop on campus at the Copenhagen Business School in Denmark, turning it into a self-service location. Fingopay has also been implemented at Brunel University in London for checkout at the on-campus grocery store.
Blue Star Capital PLC (LON:BLU) is an investing company with a focus on new technologies. Blue Star’s investments include a 1% holding in Sthaler.