Safran, a French multinational aircraft engine, aerospace-component, and security company, plans to continue its active development in the Russian IT security solutions and biometrics market despite recently extended Western sanctions against Russia.
The company plans to focus on further development of its local TM Innovation enterprise, which is Safran's joint venture, established with Ananyevy brothers (well-known Russian businessmen) for the implementation of projects in the field of biometrics and IT security in Russia.
According to Ekaterina Andreeva, an official spokesman of Technoserv, which is a a subsidiary of Ananyevy brothers, part of the partners' plans includes the design of a new line of IT security and biometrics solutions for the Russian market. This will include joining forces for the development of new technologies in the field of fingerprint identification as well as facial and iris identification. Details of new technologies will be announced later.
To date, the two sides have already designed a technology for contactless fingerprints on the move taking less than a second, as well as new face recognition technology. The latter technology is already used in the Russian banking industry for data analysis on credit borrowers and its interbank anti-fraud service.
According to data from the Russian Ministry of Industry and Trade, last year the Russian market for biometrics was valued at about £96 million. Aabout 30 percent of this market was accounted for by biometric security solutions.
Safran has been operating in Russia for more than 20 years and, in addition to working with the Ananyevy brothers, until recently it was cooperating with Rostec, (a Russian state corporation established to promote development, production and export of hi-tech industrial products for civil and defence sectors).
In addition to biometrics technologies, Safran's sphere of interests in Russia includes the design of navigation systems as well as aircraft engines.
According to recent statements of Marc Sorel, head of Safran Russia, the current situation in Russia remains complex, however the company says it plans to focus on doing business in the country, not politics and has no plans to cut its Russian projects.