Infineon’s latest SLC38 security device and TrustSEC’s operating system BIO-SLCOS provide secured
Infineon’s latest SLC38 security device and TrustSEC’s operating system BIO-SLCOS provide secured, open platform for advanced smart card applications Munich, Germany – 17 February, 2023 – In cooperation with Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), TrustSEC, a leader in information security and smart cards, has launched its new advanced smart cards operating system (OS) BIO-SLCOS. The OS uses Infineon’s latest high-performance SLC38 Secure Element to provide a secured and open platform that combines the best in security, flexibility, and hardware independence to meet the comfort, performance and security requirements of the global smart card market. The solution is ideally suited for government identification, payment, ticketing and access applications, as well as for application providers looking to enhance their biometric solution in terms of security, performance and functionality. While demand for organic smart cards in crypto wallets is currently high, a study by ABI Research[1] expects, in an optimistic scenario, that up to 140 million biometric payment sensor cards to be issued in 2025 fulfilling consumer demand for more convenient and secured biometric authentication in personal payment transactions. In daily life, biometric card holders verify their identity simply by placing a finger on the card’s sensor and tapping the card at the terminal. TrustSEC is prepared to meet the growing demand for biometric smart cards, especially in the payments sector. “We are committed to improve our operating system continuously by porting it to the most powerful and promising chips from our partner Infineon. This allows us to offer our customers turnkey, market-leading solutions,” said Magdy Sharawy, CEO of TrustSEC. “Our broad and rapidly growing portfolio demonstrates Infineon’s leading role in shaping the market for secure elements and smart cards,” said Franck Ferrandino, Senior Marketing Director, Connected Secure Systems at Infineon “Collaborating with partners, and TrustSEC in particular, has become essential to meet the new white label requirements for operating systems driven by issuers and service providers who prefer standardized payment applications based on alternative, modern smart card operating systems. This is why Infineon has selected TrustSEC’s BIO-SLCOS for the latest chipsets.” BIO-SLCOS is a smart card operating system that represents the latest technology for smart cards. It combines security, flexibility, and hardware independence on one platform. The new BIO-SLCOS enables application providers to utilize the latest evolution of Infineon’s SLC family of secure elements by using BIO-SLCOS with the capability to add another security layer for fingerprint authentication. As a result, biometric authentication can be performed entirely within Infineon’s newly approved SLC38 Secure Element. The OS solution is based on Infineon’s SLC38 hardware and provides data integrity which is built on sophisticated security features tested by independent labs. In addition to managing file systems and I/O, the operating system also interacts with various applications. All products in the SLC family are rated with the highest security certification CC EAL 6+. In addition to supporting contact, contactless, dual and USB interfaces, BIO-SLCOS can be preloaded or programmed with fixed applications or enable application uploading after using the card manager module. Smart cards with BIO-SLCOS can also be used to run multiple applications simultaneously. Furthermore, the solution can activate the card based on the bio information provided or occasionally authenticate transactions while the card is active. About Infineon Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY). Further information is available at http://www.infineon.com About TrustSEC TrustSEC is a leading company in the information security field, founded by internationally recognized information security and cryptography experts. Using the latest technology in cryptography and biometric technology, TrustSEC develops innovative highly secure solutions for securing identities throughout the digital transformation journey of enterprises and governments (healthcare, utilities, transportation, banking, etc.) With its uniquely developed biometric operating system for smart cards, BIO-SLCOS, TrustSEC offers a wide range of secure hardware and software solutions for authentication, identification, and payment as FIDO2 and PKI applets for authentication and CPACE / CPA common payment applications for payment, as well as other customized applications. Further information is available at www.trustsec.net. The TrustSEC team is showcasing their latest authentication, payment and crypto assets with BIO-SLCOS during Identity Week Europe, June 13-14, 2023, in Amsterdam/Netherlands. More information about the SLC38 Secure Element is available at Payments-in-Motion. More information about BIO-SLCOS is available at TrustSEC innovative Solutions. [1] Source: ABI Research – Biometric Payment Card Developments, Projects and Market Opportunities (Q2-2022)
ID4Africa 2023: Exploring Rising Technology Trends and Innovation in Authentication and Payment
In the vibrant landscape of technological innovation, Africa is emerging as a powerhouse of opportunities and growth. The ID4Africa event has been at the forefront of advancing digital identity solutions on the continent. As we delve into the exciting world of authentication and payment technologies, we explore the rising trends in technology adoption in Africa and the groundbreaking innovations showcased at ID4Africa 2023. This event, with its inspiring team collaboration between Infineon and ID4Africa, promises to set new standards in the world of smartcards. Africa’s Tech Revolution: Rising Trends in Technology Adoption Africa is undergoing a remarkable transformation in technology adoption. The continent is not just catching up but leapfrogging ahead in various tech domains. From mobile banking to e-commerce, Africans are embracing technology like never before. The rise of smartphones and increased internet connectivity have created a fertile ground for tech-driven solutions. In this context, ID4Africa stands as a crucial platform for discussing and implementing cutting-edge technologies. ID4Africa 2023: Shaping the Future of Digital Identity ID4Africa is more than just a conference; it’s a catalyst for change. It brings together industry leaders, policymakers, and technology experts to explore challenges and opportunities in digital identity solutions. This year’s event, ID4Africa 2023, promises to be a game-changer. It is a convergence of minds and ideas, where innovation meets real-world applications. Authentication and Payment Technologies: A Paradigm Shift One of the most exciting aspects of ID4Africa 2023 is the focus on authentication and payment technologies. Africa is witnessing a shift towards secure, convenient, and inclusive payment systems. With the rise of mobile money and digital wallets, the need for robust authentication methods has become paramount. Biometrics, especially fingerprint authentication, is gaining traction for its accuracy and security. Attendees at ID4Africa can expect to see groundbreaking innovations in these areas. Infineon and ID4Africa: A Dynamic Collaboration Infineon, a global leader in semiconductor solutions, has been at the forefront of technology innovation. Their collaboration with ID4Africa promises to yield remarkable results. Infineon’s expertise in secure smartcards and authentication solutions aligns perfectly with the goals of ID4Africa. Together, they aim to inspire innovation and foster collaboration to elevate the digital identity landscape in Africa.