Vemini expansion to Singapore

Burgo, Ferdinando; Eichelmann, Frederic; Severini, Piertommaso

Vemini expansion to Singapore

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Citation

Burgo, F, Eichelmann, F, Severini, P. Vemini expansion to Singapore. 2021. handle: http://hdl.handle.net/10230/48489

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Abstract

Vemini is an Italian company that assembled a biometric device for the hand palm scanning that provides its users with a decentralized digital identity. The product enables people to perform different actions in real life: payments, house access, car access and signature of documents. Vemini aims to redefine the paradigm of authentication for the Internet of things. In the language of information technology “authentication” stands for the action of verifying and proving the identity of users. The specific product we will discuss in this section is our Point-of-Sales Terminal. Vemini provides a solution designed to redefine the paradigm of the payment system by providing a cardless and deviceless solution powered by our core decentralized biometric authentication (the hand palm). This business plan aims to evaluate risks and possibilities related to the approach of our company to the Singaporean market. Thanks to our new technology totally developed in house and the tech-friendly mindset of asian countries, we want to be the most efficient Biometric company in Asia for two reasons: our reliable device and our versatile use cases. Imagine an interconnected world where a unique, trusted and interoperable identity allows you to access any space, to pay, or secure what you love. We are creating this world.