Veridium, a biometrics-based authentication technology, announced on Wednesday it has appointed James Strickland as its new CEO. Stickland has served in senior executive roles for HSBC, JPMorgan Chase, and Cisco. His most recent position was managing director of fintech firm, Red Deer Systems.
According to Veridium, Stickland will primarily be focused on driving business strategy, revenue and investment growth, and will be based out of the company’s London office. Sharing his thoughts about the biometric industry, Strickland noted:
“Passwords are dead and can no longer be relied on to safeguard companies or consumers from the threat of fraud and data breaches. Biometrics are now a valid replacement for these authentication efforts. Enterprises across the globe are attempting to tackle the ongoing problems associated with identity and access management, and VeridiumID is perfectly positioned to fully support these efforts.”
He then added:
“There is an incredible void for a biometric authentication offering that can be adopted on a widespread basis across an enterprise, remain cost-effective and eliminate the major security concerns. Veridium’s technology has cracked this nut and I am very much looking forward to joining the company and taking this solution to market.”
The appointment of Strickland comes three months after Veridium, formerly known as Hoyos Labs, rebranded and launched its end-to-end biometric authentication solution, VeridiumID. VeridiumID is a server-based system for biometric authentication that works in conjunction with an enterprise’s mobile app and Veridium’s front-end, mobile SDK.