Q4 2018 Idex ASA Earnings Call Transcript
Good morning, everybody. Welcome to IDEX's Q4 presentation. Good to be back here and see friendly faces in the room.
The disclaimer, I just want to make sure people read this and understand that the presentation will contain some forward-looking statements. So in particular, I want to highlight that area.
So when we started this journey back several years ago now, I think it was 2015, we had a hypothesis that by bringing fingerprint technology to a credit card, that it would have a compelling value proposition. And really 3 elements to this: One was convenience, and we thought the removal of the cap on dual-interface or contactless transactions, no need for a PIN or a password, would make the transaction frictionless.
We also felt it would add a level of enhanced security, and so really that was all around the fact that the biometric data from your fingerprint was stored on the card and it was never stored anywhere in the network. And we also thought by doing this, it was a much more secure means of authentication and really moving from
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