Published Date : 11/3/2025Â
Next Biometrics Group ASA has announced new orders for its flagship fingerprint sensor, the Basalt FAP 20, to support financial inclusion in Nigeria and Sri Lanka. The sensors have been integrated by an Original Equipment Manufacturer (OEM) partner for deployment in Point-Of-Sale (POS) terminals within the Nigeria Inter-Bank Settlement System (NIBSS) framework.
In a recent announcement, the company revealed that it has enabled its customer to earn NIBSS certification by integrating its Basalt FAP 20 sensor solution. The devices, equipped with liveness detection capabilities to prevent spoofing attacks, will be used for the issuance of Bank Verification Numbers (BVN). BVN is a biometric identification issued to bank account owners to protect accounts and facilitate Know Your Customer (KYC) and Anti-Money Laundering (AML) processes.
Joshua Chiu, the Senior Vice President and Head of Sales for South-East Asia at Next Biometrics, highlighted the rigorous nature of the NIBSS certification process. He stated, “The NIBSS certification process is extremely rigorous, requiring our FAP 20 solution to meet a range of criteria, including extensive fake fingerprint detection with high accuracy.” Chiu added, “Achieving this twice, with different stakeholders, shows the value of our solution to support financial inclusion and secure payments in Nigeria and around the world. Our engineers work closely with partners to shorten the development and deployment lifecycle to minimize time to market.” The expected annual revenue for this product line is 1.4 million Norwegian Krone (about US$138,000).
Next Biometrics has also announced a mass production order from a Sri Lankan partner, C3 Labs. The company will supply its Basalt FAP 20 sensors to be integrated with C3 Labs’ self-service payment kiosks, which are produced in Sri Lanka. Delivery is expected in the last quarter of this year on a small scale, with hopes for increased volume orders for multiple products in the long term.
Chiu commented on the project, stating, “This new partnership shows the growing trust in our Basalt FAP 20 solution across use cases and a growing number of countries. The project is innovative and will help busy people to move money quickly and securely through robust biometric authentication.” Husni Nazeer, the Head of Engineering & Production at C3 Labs, remarked, “This partnership marks a significant step in enhancing security and operational efficiency, and we look forward to extending this collaboration into new applications in the future.”
In August, Next Biometrics announced a large-scale production order for its FAP 30 Granite fingerprint sensor. The company has seen an increase in volume orders in recent years, thanks to growing demand for Aadhaar L1-certified fingerprinting devices.Â
Q: What is the Basalt FAP 20 fingerprint sensor used for?
A: The Basalt FAP 20 fingerprint sensor is used for enhancing security in financial transactions, particularly in Point-Of-Sale (POS) terminals and self-service payment kiosks. It includes liveness detection capabilities to prevent spoofing attacks.
Q: What is the NIBSS certification process?
A: The NIBSS certification process is a rigorous evaluation that ensures fingerprint sensors meet high standards of accuracy and security, including extensive fake fingerprint detection.
Q: What is a Bank Verification Number (BVN)?
A: A Bank Verification Number (BVN) is a biometric identification issued to bank account owners in Nigeria to protect accounts and facilitate Know Your Customer (KYC) and Anti-Money Laundering (AML) processes.
Q: Who is C3 Labs?
A: C3 Labs is a Sri Lankan company that produces self-service payment kiosks. They have partnered with Next Biometrics to integrate Basalt FAP 20 sensors into their kiosks to enhance security and operational efficiency.
Q: What is the expected annual revenue from the Nigeria project?
A: The expected annual revenue from the Nigeria project, where Next Biometrics is supplying its Basalt FAP 20 sensors, is 1.4 million Norwegian Krone (about US$138,000).Â