IDCentriq
IDCentriq is a UAE-based private company that builds palm vein biometric authentication and identity-based payment infrastructure for governments, central banks, and financial institutions, operating through its Biometric Identity Platform and PaymentsCo subsidiary.
- Company typePrivate
- Founded2025
- HeadquartersAbu Dhabi, United Arab Emirates
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What IDCentriq does
IDCentriq is a UAE-incorporated, Abu Dhabi-headquartered private company that builds palm vein biometric authentication and identity-based payment infrastructure for governments, central banks, and large financial institutions. The company's core technology, branded ePalm, uses near-infrared imaging to capture internal vein patterns, encrypting them at the point of capture into biometric templates stored in the IDCentriq Identity Hub. Authentication completes in under one second with a stated false acceptance rate of less than 1 in 100 million. The platform is delivered through three primary product lines: the Biometric Identity Platform (national ID and access control), Biometric Payment Schemes (powered by subsidiary PaymentsCo), and the Closed Loop Wallet (white-labeled biometric wallet), with the PayPalm mobile app and an Auxiliary POS Device extending reach into legacy payment infrastructure.
The company monetizes through a mix of platform licensing and integration fees for identity deployments, transaction fees on identity-based payments via PaymentsCo, and SDK/API licensing for system integrators. Pricing is not publicly disclosed and follows a quote-based enterprise model tailored to deployment scale. The go-to-market is enterprise field sales targeted at central banks and government ministries, supported by participation in industry events such as Seamless Middle East 2025 (where IDCentriq was an official sponsor). Its most material commercial milestone to date is a proof-of-concept with the Saudi Central Bank (SAMA) demonstrating cardless ATM withdrawals and POS payments via palm vein authentication integrated with NCR ATM infrastructure.
IDCentriq was spun out of Prema Group in 2025 (originating from Prema ePalm Solutions, founded in 2021) and remains an early-stage company with 51–100 employees, no disclosed funding rounds, and no disclosed revenue. Operations are led by Founder and Executive Chairman & CEO Muhanad Azzeh, with PaymentsCo under GCC CEO Ali Al Meshal and product/technology led by Chief Product & Technology Officer Corey Bowlby. Geographic focus is the GCC, broader Middle East, and Africa, with expansion executed through per-country PaymentsCo subsidiaries licensed by local central banks.
IDCentriq firmographics
Firmographics- Name
- IDCentriq
- Legal name
- IDCentriq
- Website
- https://idcentriq.com
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- IDCentriq is a UAE-based private company that builds palm vein biometric authentication and identity-based payment infrastructure for governments, central banks, and financial institutions, operating through its Biometric Identity Platform and PaymentsCo subsidiary.
- Ownership category
- akta.pro rank
IDCentriq industry classification
Industry- Product category
- Biometric Authentication & Identity Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Custom Computer Programming Services (541511)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA)
- akta.pro secondary industries
- Identity Verification (IDV) & Document Verification (FSAMALAE), Identity Verification & Proofing (IDV, KYC, Biometrics) (HDADAAAF)
Keywords
Where IDCentriq is headquartered
LocationHeadquarters
- HQ city
- Abu Dhabi
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
IDCentriq business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Biometric Identity Platform Licensing: IDCentriq provides its biometric identity platform to governments and organizations for national ID programs, corporate ID systems, and access control. Revenue generated through platform licensing and integration fees.
- Biometric Payment Scheme Services: PaymentsCo subsidiary enables identity-based payments for financial institutions and payment schemes. Revenue derived from processing fees and settlement services. Supports cross-border operations through local subsidiaries.
- Closed-Loop Wallet: White-labeled biometric-based wallet powered by PaymentsCo. Revenue from transaction processing fees and reduced processing costs for merchants.
- SDK and API Integration: Front-end SDK and APIs enable integration of palm vein biometrics into existing systems (ATMs, POS terminals). Revenue from developer licensing and integration services.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
IDCentriq product offering
Product offeringCore offering
IDCentriq develops and sells a biometric identity platform built on proprietary ePalm palm-vein recognition technology that captures internal vein patterns via near-infrared imaging and stores them as AES-encrypted biometric templates in the IDCentriq Identity Hub for sub-one-second authentication. Through its wholly-owned PaymentsCo subsidiary, the company delivers biometric-based payment schemes and a Closed Loop Wallet that enable identity-based payments without cards, PINs, or passwords. Solutions are delivered to governments, central banks, and financial institutions with integration into existing ATM and POS infrastructure via SDKs, APIs, and the Auxiliary POS Device.
Product overview
IDCentriq offers a unified platform-plus-modules architecture centered on palm vein biometric authentication. The core portfolio consists of three main products: the Biometric Identity Platform (for national-level identification and authentication), Biometric Payment Schemes (for payment infrastructure from subsidiary PaymentsCo), and the Closed Loop Wallet (white-labeled wallet solution). These are powered by the proprietary ePalm palm-vein identification technology and supported by the IDCentriq Identity Hub for storing encrypted biometric templates. The ecosystem includes the PayPalm mobile app for end-user authentication and payments. All solutions share the same underlying palm vein biometric technology, delivering FAR of less than 1 in 100 million with authentication taking under 1 second.
Differentiator
Problem solved
Functional benefit
Brands
- ePalm: Proprietary palm-vein identification technology for secure, contactless identity verification, engineered for government and financial services sectors.
- PayPalm
Products and services
- Biometric Identity Platform An integrated biometric identity platform that enrolls users' palm vein templates and enables omnichannel authentication and digital transaction signing via hand scan or paired mobile device, targeted at governments, banks, and enterprises for national-scale identity and authentication use cases.
- Biometric Payment Schemes Biometric-based payment infrastructure (delivered by the PaymentsCo subsidiary) that enables identity-based payments with palm-vein biometrics, removing the need for physical cards while supporting cross-border operations, national payment schemes, OpenBanking APIs, and Crypto.
- Closed Loop Wallet A white-labeled biometric-based wallet powered by PaymentsCo that operates as a closed loop for businesses and provides secure payments for customers via a hand swipe, including a comprehensive SDK with mobile threat defense.
- ePalm Palm-Vein Identification Technology IDCentriq's flagship branded palm-vein identification technology providing secure, contactless identity verification engineered for government and financial services sectors, with authentication in less than 1 second and FAR below 1 in 100 million.
- PayPalm App A user-friendly mobile application for identity-based payments using palm vein biometrics, featuring mobile threat detection and encrypted communication for end-user authentication and payment processing through the PaymentsCo platform.
Quantifiable outcome
- False Acceptance Rate <1:100 million (0.000001%)
- +5 more outcomes
Companies that use IDCentriq
Customer profileNamed customers1 record
Segments8 records
Ideal customer profiles3 records
IDCentriq technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability2 records
Feature7 records
IDCentriq partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and supporting.
- Saudi Central Bank (SAMA)coreSAMA partnered with IDCentriq to deliver a Proof of Concept (POC) demonstrating palm vein biometrics for national payment infrastructure. The project showed how individuals can conduct financial transactions (ATM withdrawals, POS payments) using palm vein biometrics without physical cards or devices. SAMA serves both banks and FinTechs to ensure a standardized, level playing field for financial services.
- NCRsupportingNCR ATM machines were used in the SAMA POC to demonstrate palm vein authentication at ATMs. IDCentriq's Standalone USB Palm Vein Scanner was directly integrated with NCR ATM machines to perform palm enrollment and identification functions.
- FujitsusupportingFujitsu is cited as the pioneer of palm vein biometrics, introducing the technology for commercial use in the early 2000s. IDCentriq's white paper references Fujitsu's technical specifications for palm vein technology performance comparison (FAR <0.000001%, FRR ~0.01%).
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
IDCentriq competitors and assessment
Company assessmentBroad incumbents
- Thales Group: Provides identity and biometric solutions (including the former Gemalto business) for government IDs, banking, and border control. Competes with IDCentriq on national ID infrastructure and digital identity platforms, with deeper global reach and incumbent relationships.
- NEC Corporation: Global leader in multimodal biometrics (face, fingerprint, iris) with extensive government and financial services deployments. Competes with IDCentriq in national-scale identity programs and payment authentication use cases as part of a much broader portfolio.
- IDEMIA: Specializes in identity and security solutions including biometric authentication, government IDs, and payment cards. A direct competitor in biometric authentication for financial services and government customers with established central bank relationships.
- HID Global: Provides identity and access management solutions including biometric authentication for enterprise, government, and banking customers. Overlaps with IDCentriq on access control and identity verification across multiple verticals.
Direct peers
- Fujitsu: Pioneer of palm vein biometrics with its PalmSecure product line, used widely in banking and government ID programs. Directly competes with IDCentriq's ePalm technology on the same biometric modality and is cited as the technical reference point in IDCentriq's own materials.
Emerging players
- Jumio: Provides AI-powered identity verification, eKYC, and biometric authentication for financial institutions and fintechs. Operates in adjacent identity verification and onboarding use cases targeted by IDCentriq's platform.
- Onfido: Digital identity verification platform focused on AI-driven document verification and biometric authentication for KYC/AML. Comparable in serving fintech and banking onboarding workflows, though centered on document/facial biometrics rather than palm vein.
- iProov: Specializes in biometric face authentication with liveness detection for government and financial services onboarding. Comparable on the biometric authentication component of IDCentriq's offering, particularly for mobile onboarding.
- Redrock Biometrics: Specializes in palmprint recognition biometrics for authentication and identification. Competes with IDCentriq on contactless palm-based biometric authentication with a smaller, more narrowly focused product offering.
Regional players
- Veridos: Joint venture between Giesecke+Devrient and Bundesdruckerei providing government identity solutions across Europe, Middle East, and Africa. Directly comparable on national ID programs and works with central banks in markets adjacent to IDCentriq's footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
IDCentriq social profiles
Digital presenceIDCentriq compliance and trust
Trust signalCompliance8 records
IDCentriq financial estimates
Financial estimateRevenue estimate
Valuation estimate
IDCentriq leadership team
Management profileNumber of profiles
Profiles5 records
IDCentriq subsidiaries and ownership
Company hierarchySubsidiaries1 record
IDCentriq funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IDCentriq M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IDCentriq
What does IDCentriq do?
IDCentriq develops and sells a biometric identity platform built on proprietary ePalm palm-vein recognition technology that captures internal vein patterns via near-infrared imaging and stores them as AES-encrypted biometric templates in the IDCentriq Identity Hub for sub-one-second authentication. Through its wholly-owned PaymentsCo subsidiary, the company delivers biometric-based payment schemes and a Closed Loop Wallet that enable identity-based payments without cards, PINs, or passwords. Solutions are delivered to governments, central banks, and financial institutions with integration into existing ATM and POS infrastructure via SDKs, APIs, and the Auxiliary POS Device.
Is IDCentriq a public or private company?
IDCentriq is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was IDCentriq founded?
IDCentriq was founded in 2025. It employs 51 to 100 people.
Where is IDCentriq based?
IDCentriq is headquartered in Abu Dhabi, United Arab Emirates, in the Middle East region.
How does IDCentriq make money?
Four revenue lines are on record. Biometric Identity Platform Licensing is the primary driver. The others are biometric Payment Scheme Services, closed-Loop Wallet and SDK and API Integration.
Who are IDCentriq's main competitors?
Broad incumbents on record are Thales Group, NEC Corporation, IDEMIA and HID Global. Fujitsu is listed as a direct peer. Emerging players are Jumio, Onfido, iProov and Redrock Biometrics. Veridos is listed as a regional player.
Does IDCentriq have an API?
Yes. IDCentriq provides APIs and SDKs for system integration and business logic, including biometric template matching. The platform supports integration over various channels. System integration and business logic are provided via APIs and SDKs. Physical devices such as Microsoft Windows and Linux terminals for banking systems are supported using the Standalone USB Palm Vein Scanner and supplied drivers, which communicate with the platform for business processes such as customer identification. The white paper describes standard APIs for integration, including account linking APIs, and mentions support for OpenBanking APIs and ISO messaging. Developer documentation is at www.idcentriq.com.
What industry is IDCentriq in?
IDCentriq's product category is Biometric Authentication & Identity Platform. Its primary akta.pro industry code is FSAGAFAA, Identity Verification & Digital ID (IDV, eIDAS, biometrics), with a secondary code of FSAMALAE, Identity Verification (IDV) & Document Verification. Its NAICS code is 522320 and its SIC code is 6199.