Blue Star Capital PLC (LON:BLU) said its portfolio firm, Sthaler Limited, has recently redesigned and launched a range of identity authentication, age verification, access and payments products under the FinGo brand.
FinGo’s products are FinGoPay, FinGoID, FinGoID Plus and FinGoPass, which include the ability to capture and store user's contact details securely, with their permission, which can be activated as part of coronavirus test and trace efforts.
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Blue Star said FinGo was also approved for age verification by the Manchester City Council Licensing Authority in June, which it said will help the city's hospitality industry to reopen safely and in line with test and trace capabilities.
In the case of an outbreak of disease, an establishment operating FinGoID will be able to quickly contact customers or seamlessly supply this information to the government's test and trace teams, the company said.
Blue Star added that unlike fingerprint technology, FinGo utilises each user's unique vein pattern to enable secure, identity-enabled transactions; and is not affected by external influences (moisture, dirt, light) which affect the performance of other biometrics.
"This latest development of Sthaler's technology marks another significant step forward for the company and illustrates the great flexibility and value of the company's solutions", said Blue Star chief executive Tony Fabrizi.
Blue Star, which owns a 0.9% stake in Sthaler, saw its shares jump 7.5% to 0.2p in lunchtime trading on Monday.