Sthaler’s Fingopay has been recognized by Fast Company as one of the World’s Most Innovative Companies in 2020 for its biometric authentication technology, coming up ninth on the list, the company announced.
With its inclusion on the list, Fingopay is perceived as one of the top European companies making a difference in the world, according to the announcement. It leverages Hitachi VeinID technology for finger-enabled payments and identity verification, to provide users with a secure, seamless experience by no longer relying on passwords, cash or cards. At the cash register, finger vein patterns are mapped with an infrared light to verify payment in under two seconds by using a biometric cloud-based matching system. Vein patterns are highly secure because they can’t be duplicated or traced.
Sthaler is an early stage identity and payments technology business which enables a consumer to identify themselves and pay using just their finger at retail points of sale. The company developed Fingopay, using VeinID technology, in partnership with Hitachi. Blue Star Capital PLC (LON:BLU) is an investing company with a focus on new technologies. Blue Star’s investments include a 0.9% holding in Sthaler.