IDEX Biometrics and Enqura to launch biometric smart cards in Turkey

10 Nov 2022 08:15 CET

OSLO, Norway, 10 November 2022 - IDEX Biometrics ASA and Enqura are
collaborating to jointly develop and market biometric smart cards for digital
authentication in Turkey. Enqura Information Technology is an ID verification
solution provider with a strong client portfolio ranging from international and
regional banks such as HSBC, Odeabank (Bank Audi), Burganbank, finance companies
like ALJ Finance and investment companies like QNB Finans Invest. Additionally,
Enqura's partnership with Apple, Google and Microsoft puts them in an excellent
position to go to market with the IDEX Biometrics smart card solutions in Turkey
and across Europe.

Enqura facilitates the integration of the digital ID verification, and the
collaboration with IDEX Biometrics in bringing to market biometric smart cards
will accelerate the deployment of seamless and secure digital verification and
authentication at global scale. These biometric smart cards are anticipated to
reach the market in H1 2023.

"IDEX Biometrics continues to accelerate the commercial ecosystem development in
Turkey and across Europe, capturing the increasing demand for secure digital
authentication solutions. The collaboration between Enqura and IDEX Biometrics
creates further opportunities for biometric smart cards" says Catharina Eklof,
CCO of IDEX Biometrics. "Enqura's large portfolio of banks, fintechs and
retailers will benefit from IDEX Biometrics industry leading technology and
solutions for biometric smart cards, and as such speed up market launches at
scale."

"Enqura is delighted to bring more secure and convenient authentication
solutions through this new strategic collaboration with IDEX Biometrics," says
Metin Karabiber, CEO of Enqura. "We see strong demand in the digital ID
verification and authentication market. Adding biometrics to authenticate sign-
in and for access enhances the user experience, removes the need for PINs and
passwords, and mitigates the risk of fraud."

For further information, contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
(mailto:marianne.boe@idexbiometrics.com)Tel.: +47 918 00186

About IDEX Biometrics

IDEX Biometrics (OSE: IDEX and Nasdaq: IDBA) is a leading provider of
fingerprint identification technologies offering simple, secure, and personal
authentication for all.  We help people make payments, prove their identity,
gain access to information or unlock devices with the touch of a finger. We
invent, engineer, and commercialize these secure, yet incredibly user-friendly
solutions. Our total addressable market represents a fast-growing multi-billion-
unit opportunity.

For more information, visit www.idexbiometrics.com
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About Enqura

Founded in 2014, Enqura provides enhanced technologies based on more than 15
years of information technology experience and highly skilled human capital.
Enqura focuses on providing a "one stop shopping experience" for banks,
insurtech and fintech companies through its AI and Blockchain based disruptive
fintech products such as ID and Face verification, multi-factor customer
authentication, mobile and web applications, digital wallets and corporate
messaging/chat platform. Enqura is the leading ID verification and customer
authentication company in Turkey.


For more information, visit www.enqura.com (http://www.enqura.com)

TRADEMARK STATEMENT

IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics
ASA. All other brands or product names are the property of their respective
holders.

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