BIO-key and Runlevel Secure First Major IAM Deployment with a National Bank in Mozambique; Extends Growing List of Banking Customers

Core Insights - BIO-key International, Inc. has formed a strategic partnership with Runlevel to enhance cybersecurity solutions in Portuguese-speaking African countries and Timor-Leste [1][2] - The partnership aims to address increasing cybersecurity challenges faced by businesses and government institutions in these regions [2][3] Company Overview - BIO-key is a leader in Identity and Access Management (IAM) solutions, focusing on Identity-Bound Biometrics (IBB) [1][5] - The company secures access for over 40 million users with its biometric-centric, multi-factor IAM software [5] Partnership Details - Runlevel joins BIO-key's Channel Alliance Partner program as a Value-Added Reseller, providing pre-sales consulting, deployment support, and technical training tailored to local regulatory requirements [2][3] - The first major deployment involves a National Bank in Mozambique, utilizing a comprehensive suite of BIO-key's biometric-based IAM solutions [3] Market Opportunity - The partnership is positioned to expand the adoption of BIO-key solutions across the region, particularly in the financial sector, which is experiencing a growing need for robust IAM solutions [3][4] - Runlevel's expertise in the local cybersecurity landscape and relationships with key enterprises and public institutions enhance BIO-key's market reach [3]