Signicat secures second round of Horizon 2020 funding to develop ID Assurance as a Service
€1.36m EU grant will enable further development of Signicat’s ID Assurance toolbox, securing expansion across Europe
(firmenpresse) - Oslo, Norway, 25th January 2018 - Signicat, the first and largest identity assurance provider in the world, has secured phase two funding from the EU
Signicatup, facial recognition, and other innovations. This means businesses can comply with complex KYC (Know Your Customer) requirements, while still offering simple, digital on-boarding to their customers.
The grant follows the completion of phase one, undertaken by Signicat and funded by Horizon 2020 in December 2016. This analysed the need for and applicability of digital on-boarding in selected countries. Working with Innopay, Signicat discovered that on average, European eID schemes provide 69% of the information that financial institutions need in order to on-board a customer wholly digitally, and identified the gaps where Signicat could offer IDAaaS. This new project builds on this work.
The EU assurance. This has created a fractured ecosystem lacking consistency across borders.
Signicat is the first IDAaaS provider in the world and will develop its IDAaaS toolbox to meet the requirements in more countries, integrating identity assurance across Europe. As well as creating new business opportunities for Signicat in new markets, this will help the Financial Services industry develop as a single digital market.
Horizon 2020 is part of the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe''s global competitiveness.
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Based in Trondheim, Norway, and founded in 2007, Signicat is the first and largest Identity Assurance Provider in the world, providing regulated markets with the technology to create mutual trust between organizations and their potential customers.
With Signicat, service providers can build and leverage existing customer credentials to connect users, devices and even ‘things’ across channels, services and markets transforming identity into an asset rather than an obstacle. By ditching manual, paper based processes and replacing them with digital identity assurance, customer on-boarding is accelerated and access to services is made simple and secure. Service providers can rapidly grow market share, easily acquire new customers, and ensure compliance with financial, privacy and data protection regulations including AML and KYC.
Signicat has the technology to connect the market, the expertise to scale the systems, and the experience to build the trust.
For more information, visit: www.signicat.com
CCgroup for Signicat
signicat(at)ccgrouppr.com
+44 203 824 9200
Datum: 25.01.2018 - 05:48 Uhr
Sprache: Deutsch
News-ID 1531874
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