ADVERTISEMENT

British company plans to open R&D centre in Vilnius

Recycling

UK’s IDScan Biometrics, a leading European provider of solutions for ID authentication, has chosen Lithuania to establish an R&D unit, wrote news2biz Lithuania. The R&D centre, to cost LTL 2.3 million (€666,000), will be staffed by 10 researchers whose task will be to develop new biometric algorithms for ID authentication and security products built by IDScan. Tamlyn Thompson, head of IDScan Biometrics, has told news2biz it was too early to talk about the details as the final investment decision has not been made yet. IDScan’s ID authentication products are used by banks, insurance companies, telecoms, leasing and rental companies as well as airports, health-care institutions and other sectors.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.