CrucialTec, Korea’s largest fingerprint sensor manufacturer, said Monday it would host a plenary meeting for the Fast IDentity Online Alliance, an international industry consortium aimed at revolutionizing online authentication with open standards, in the fall in Korea.

The third annual meeting since the establishment of the FIDO in 2012 is to be held for the first time outside the U.S. Global information and technology device makers, financial institutions and software developers, including Samsung Electronics, Qualcomm, Microsoft, Google and Bank of America, are to participate in the conference.

The FIDO Promotion Meeting, an open meeting for non-FIDO members, will kick off the conference on Oct. 3 in Seoul. Around 100 global firms will participate in closed meetings for three days between Oct. 7 and 9, which will be held at the head office of CrucialTec, in the city of Seongnam, Gyeonggi Province.

“This year’s FIDO conference is meaningful since the members will discuss and make final decisions on the new open authentication standards to be adopted by members from late this year,” a CrucialTec official said.

International market research firm IDC Financial Insights forecast that the global purchase volume of mobile devices would surpass $1 trillion by 2017, which will require secure measures of authentication to be in place.

CrucialTec, specialized in producing fingerprint sensors and biometric track pads, joined the consortium in 2013.

“I am glad that CrucialTec holds the annual meeting, which will have significant meanings for the alliance, for the first time in Asia,” Michael Barrett, president of the FIDO Alliance, said in a statement.

The Korean fingerprint sensor maker is currently working on developing mobile authentication and payment systems based on biometric technology together with Google, Microsoft, Lenovo and Samsung Electronics.

By Kim Young-won (wone0102@heraldcorp.com)