Signicat granted EU Quality Trust Mark for security and quality of services

Trondheim, Norway, 12 November 2018 – Signicat, a leader in verified digital identity and electronic signature solutions, has been granted the status of Qualified Trust Service Provider (QTSP) by the Norwegian communications authority, NKOM. With this status, Signicat becomes one of the few companies that can use the EU Trustmark, and is now part of the EU Trustlist.

QTSP status is defined by internal procedures meeting the strict standards defined by eIDAS regulation and is audited by an external body, in this case the British Standards Institute (BSI). Having satisfied the external auditors and also met the approval of NKOM, Signicat can now use the EU Trustmark to indicate that it meets the standards demanded by the EU, and delivers the highest levels of security and quality of service.

Signicat QTSP status is specifically due to being Qualified Time Stamp Authority, enabling digital documents to be certified as existing at a certain point of time, without the possibility of backdating. This means that the authenticity of digital documents certified by Signicat can be trusted for even the most sensitive of uses. Time stamping is an essential part of document preservation, ensuring that documents can be validated and known to have existed at a particular time—not just now, but far into the future.

“We’re delighted to have our hard work and expertise recognised by both the auditors and the communications authority,” said John Erik Setsaas, VP of Identity and Innovation, Signicat. “The EU Trustmark lets our customers know at a glance that we meet the very high standards laid down by the EU, and that we can help to build mutual digital trust with the consumers they serve.”

Signicat’s status as a QTSP follows its announcement last month that it has joined the European Telecommunications Standards Institute (ETSI), the recognised standards body for electronic communications.

About Signicat

Based in Trondheim, Norway, and founded in 2007, Signicat is a Qualified Trust Service Provider operating the largest Digital Identity Hub in the world, offering the only complete identity platform in the market and trusted to reduce the burden of compliance in highly regulated markets.

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 a burden. 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. Signicat’s Identity Hub is a complete solution to that offers compliance and a route to better customer engagement.

Signicat has over 500 financial services organisations as clients, connects to more than 20 schemes globally and verifies more than 10m identities per month.

Media Contacts:
CCgroup for Signicat:
Signicat@ccgrouppr.com
+44(0) 203 824 9200

Signicat introduces Signicat Business Signature, digitising business to business document signing

Trondheim, Norway, 7 November 2018 – Signicat, a leader in verified digital identity and electronic signature solutions, has today announced an electronic signing solution specifically for business to business interactions. The Signicat Business Signature product facilitates a flexible and secure business to business document signing process that minimises manual operations and keeps evidence of signature in the same document.

With the digitising of consumer markets, and the ability to sign legal documents online, businesses are increasingly looking to take advantage of the cost and time savings of electronic signatures. However, electronic signing in business to business transactions requires an additional level of security to ensure that the business is the correct legal entity and that the signatory is allowed to act on its behalf.

To support this, Signicat Business Signature allows document recipients to forward a sign order internally within their company to a single person authorised to sign, or to obtain multiple signatures when no single person is authorised to sign alone (sign and forward).

As well as the processes used to on-board consumers, the Signicat Business Signature includes additional checks of business registers ensuring that the business is the correct legal entity and the signatory is allowed to act on its behalf. The document is then signed using, for example, an electronic identity or eID (such as Norway’s BankID), a one-time password via SMS or scanning of ID documents.

The Electronic Seal functionality protects and preserves documents such as invoices, diplomas and certificates. By electronically sealing documents, Signicat Business Signature helps prevent fraud and ensures the document cannot be tampered with.

“Businesses are increasingly looking to take advantage of consumer technology to drive efficiency and to improve manual processes, and the move to e-signatures are a logical step. By doing away with physical documentation and enabling instant contract signing, Signicat is helping to enable digital transformation across Europe,” said Gunnar Nordseth, CEO, Signicat.

Electronic signing brings benefits including the assurance of signature validity through ID verification and signing authority lookups, capability for cross-border signatures, the option for signers to sign multiple documents in one process and the long-term verification of a signer’s identity. The solution is currently live in Norway and Denmark and is being rolled out across additional countries as business registry information becomes available.

Learn more about Signicat Business Signature here:

-Ends-

About Signicat
Based in Trondheim, Norway, and founded in 2007, Signicat operates the largest Digital Identity Hub in the world, offering the only complete identity platform in the market and trusted to reduce the burden of compliance in highly regulated markets.

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 a burden. 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. Signicat’s Identity Hub is a complete solution to that offers compliance and a route to better customer engagement.

Signicat has over 500 financial services organisations as clients, connects to more than 20 schemes globally and verifies more than 15m identities per month.
For more information, visit: https://www.signicat.com/contact/

Media Contacts:

CCgroup for Signicat:
Alice Pedder
Signicat@ccgrouppr.com
+44(0) 203 824 9200

Signicat digitises in-store signing of credit agreements for Resurs Bank retail partners

Three in every four in-store credit agreements now signed digitally using electronic IDs

Trondheim, Norway 28th November 2018 Signicat, a leader in verified digital identity solutions, today announced it has been selected by Resurs Bank to provide instant mobile signing of credit agreements. Resurs Bank is the leader in retail finance in the Nordic region with more than 1,000 retail partners, serving more than 35,000 stores.

Customers signing a credit agreement in stores served by Resurs Bank no longer have to sign physical paperwork – instead, they can sign using their eID and create a digital agreement. All paperwork is shared digitally, so in-store purchases of high value items requiring a credit agreement are therefore as fast, secure, and convenient as any online transaction.

The agreement is signed using a combination of Signicat Sign and an approved electronic ID (eID), such as BankID. The customer can easily accept the terms and conditions and sign using their mobile device.

A pilot programme in Sweden was an instant success, with 76% of customers choosing to sign credit agreements using Mobile BankID. The service has now been rolled out to all retailers served by Resurs Bank in Norway, Denmark, Sweden and Finland.

“This technology means that traditional stores can better compete with their online rivals—while they offer superior customer service they need to combine this with the convenience of online shopping,” said Marcus Lennerhov, Product Manager at Resurs Bank. “Thanks to Signicat, the majority of our retail credit agreements are now signed digitally using a mobile device giving customers the security and ease they are used to online.”

“In ditching paper, electronic signatures offer a frictionless and instant customer experience, and gives retailers a trusted and scalable way to deal with growing demand while improving conversion,” said Gunner Nordseth, CEO, Signicat. “Working with Resurs Bank to provide digital signing to over 35,000 stores is another milestone for digital identity in the Nordics, a model for the rest of the world to emulate.”

About Signicat

Based in Trondheim, Norway, and founded in 2007, Signicat operates the largest Digital Identity Hub in the world, offering the only complete identity platform in the market and trusted to reduce the burden of compliance in highly regulated markets.

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 a burden. 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. Signicat’s Identity Hub is a complete solution to that offers compliance and a route to better customer engagement.

Signicat has over 500 financial services organisations as clients, connects to more than 20 schemes globally and verifies more than 10m identities per month.

For more information, visit: https://www.signicat.com/contact/

Media Contacts
CCgroup for Signicat
signicat@ccgrouppr.com
+44 203 824 9200

 

About Resurs Holding:

Resurs Holding (Resurs), which operates through the subsidiaries Resurs Bank and Solid Försäkring, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of approximately 5.5 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the second quarter of 2017, the Group had 742 employees and a loan portfolio of SEK 22.3 billion. Resurs is listed on Nasdaq Stockholm, Large Cap.

Have you replaced TUPAS? Time is running out.

Finland’s TUPAS digital authentication method is being replaced. Signicat can help.

The TUPAS protocol no longer meets the criteria for strong authentication in EU legislation. According to the Finnish Communications Regulatory Authority, e-services will have to replace old TUPAS integration interface by 30 September 2019.

Finnish Trust Network:
The Finnish Trust Network is a combination of identity service providers (e.g. TUPAS banks and Mobiilivarmenne operators) and brokers. With agreement with a member of Finnish Trust Network, companies can continue to engage with customers online in a verified, trusted manner.

Signicat has been helping Finnish businesses meet these new requirements by providing an approved, strong authentication solution and providing access to the Finnish Trust Network. We act as a broker for Finnish businesses, meaning that instead of having to sign up 10 separate agreements with the 10 active banks in Finland and then implement 10 separate technical integrations, we act as a one-stop shop, providing a single point of integration and a single agreement.

Additionally, due to the bulk eID pricing we have negotiated, the average customer can save up to 70% on these connection fees in addition.

Contact us if you require more information or help with your TUPAS migration.

EEMA Identity Blog: The problem of self-sovereign identity: We can’t trust people

10th August 2018: Link to EEMA Identity Blog

Two buzzwords often heard in identity today are self-sovereign identity and distributed identity. The reason for considering new models for identity is, among other things, to avoid a single point of dependency and to put the user is in control of his or her identity and decide how much information to share with whom.

It’s a compelling story. Who wouldn’t like more control over who has access to their data? Unfortunately, while the story is easy to sell, implementing self-sovereign identity is a much harder problem. What are the implications of this model of identity, and where will the responsibilities lie?

A digital identity gives a person access to their email, bank account, property, digital money and more. The hard part is binding a physical person to a digital identity. Identity professionals spend a lot of time trying to figure out secure ways of doing this.

In his blog The characteristics of Blockchain can be very valuable to identity, Kim Cameron said that “you should not lose your identity if a country has a political melt-down”. I completely agree. But it can take much less than revolution and anarchy for something to go wrong—neither should someone lose their identity if they fail to backup or forget a private key.

Human beings are not reliable

Anyone who has ever known a human being for any length of time knows this. They forget passwords and credentials and do not create backups. New technology that relies on fallible people to keep credentials safe comes with undeniable risks. A good example of this are the 23% of all bitcoins that are now lost, thanks to lost passwords and hard drives that now lie in landfill.

It’s unwise to create an infrastructure where ownership of possessions depends solely on people’s memory. Raise your hand if you have NEVER used the “I forgot my password” function. Raise your hand if you have NEVER lost a car key or a house key or needed help to access a locked space. Not a lot of hands, right?

In these situations, we can call a locksmith or demand a new password. Whether physical or digital, we can depend on somebody being there to assist if we get locked out. Unless we implement recovery mechanisms, self-sovereign identity means that there is no one that can help.

With self-sovereign identity, each user has a private key, designed in such a way that a brute force attack is close to impossible. This is clearly a good thing, as it prevents others taking over your digital identity. But putting the only possible key to access the digital identity in the hands—and forgetful brains—of the users invites disaster. There is no back-door. There is nobody to call.

It’s not just forgetfulness we need to worry about, as people have accidents or illnesses which can affect their memory. And when they die, and assets are to be passed on, the private key needed to access your digital identity is lost forever. We need to consider a worst-case scenario, such as someone’s house burning down, traumatizing them into losing their memory—and the recovery codes, carefully noted down and put in a sealed envelope, are also gone.

We need identity custodians

Clearly, we need identity custodians: an entity we can trust and call upon if we have a problem. Somebody who is able to give a key back when it’s lost. Ideally, we should be able to choose which identity custodian to use and switch as often as wanted. We also need different custodians for holding identity data and holding a key in escrow, to ensure segregation of responsibilities, and to reduce risk of exposure.
However, there are several fundamental challenges with using custodians:

– First is access to a user’s private key, which must be high-friction. It should not be possible for a rogue employee of an identity custodian to get access to your private key. But it must be possible, with your involvement, to recover the key. High friction and convenience do not go hand-in-hand.

– How do you prove who you are… when you cannot prove who you are? The key recovery must handle the situation that you have forgotten the key entirely and have no possessions that can help.

– The third challenge is building a key recovery system in such a way that it is secure, cost-efficient and usable. No system will be 100% secure, but due to the importance of keeping private keys private, a high level of security is a must.

One way to build such a system would be to split the key into several parts and have these parts stored physically (for example as a printed document), to make it more resistant to digital attacks. The physical presence of the user would be required to ensure a biometric match. The correct key would be handed to the user after all the parts have been collected. Procedures on the part of the identity custodian are important here to ensure that only the user and not the custodian gets the parts needed to reconstruct the private key.

Clearly, creating a secure, cost-efficient and usable management of identities is not simple. Self-sovereign identity, often discussed as a straightforward identity system, actually requires clunky solutions and multiple custodians to support it. It’s important to keep this in mind when these buzzwords are thrown around.

Author: John Erik Setsaas is Identity Architect at Signicat and a member of the EEMA Board of Management

Signicat joins ETSI for standardisation of digital signatures and trust services

Signicat is pleased to announce we have formally become a member of ETSI (European Telecommunications Standards Institute) joining their technical committee on Electronic Signatures and Infrastructure (ESI). ESI is the standardisation body responsible for most European standards on digital signature and trust services; CEN TC 224 additionally produces some standards, notably on security evaluation.

Signicat’s electronic signature services are designed to be standards-compliant, and with Signicat becoming a qualified trust service provider according to the EU eIDAS Regulation, standards-compliance is increasingly important for us. The decision to join ETSI/ESI is a strategic move to not only use standards, but to also get first-hand knowledge of and influence on their development.

European standards on digital signature and trust services are grouped in six areas as shown in the figure below. The green ticks show standards that are done (only maintenance activities) while the rest are in progress. When completed, standards will cover all trust services defined by eIDAS. CEN (the European Committee for Standardization) covers area 2 while the rest of the standards are produced by ETSI.

Formally, standards are not mandatory to fulfil eIDAS requirements for qualified trust services. However, when interoperability is a goal, in practice the ETSI and CEN standards must be used. Currently, Signicat uses standards from area 1 for the Signicat Sign service, from area 4 for the qualified time-stamp service, and of course the recommendations on cryptography from area 2. As the service offering expands, more standards will come into play.

While the eIDAS Regulation sets the scope of the standards work, ETSI’s strategy is to produce technical standards that are globally applicable and not targeted at a specific legal environment. Notably, ETSI uses the technical term “digital signature”, a signature created by use of public key cryptography and PKI certificates, to distinguish from the in-principle technology neutral, legal terms “electronic signature” and “electronic seal” used by eIDAS. ETSI standards, together with a few core specifications on which ETSI has built the work, are referenced internationally as the state of the art standards in the area.

Of the ongoing work, standards to enable server-based (remote) creation of qualified and other signatures are especially important. CEN is about to publish Common Criteria (CC) security evaluation profiles for the equipment needed for such a service, such as “remote QSCD” (Qualified Signature Creation Device). ETSI will publish standards for the signing protocol towards the service and policy and security requirements to be applied by the service provider operating the signing service.

Standards for signature validation services is underway from ETSI, specifying how a signed document (or pairs of signatures and hash values) can be sent to a trusted service, returning a signature validation report that is also being standardised.

Registered delivery, i.e. transmission of documents and other message between parties in a reliable and secure way, is a trust service in eIDAS. A new ETSI standard in this area is about to be sent for national ballot, meaning that the national standardisation bodies of the ETSI member states will vote on its acceptance. In addition to the base standard, ETSI has revised the old Registered Electronic Mail (REM) specification for email-based registered delivery; the new REM version is also under national ballot.

Standards are being produced for long-term preservation of both signed and unsigned documents, using digital signature techniques to produce evidences of existence.

When qualified trust services are audited by a Conformity Assessment Body (CAB), the CAB must be nationally accredited for the job according to an ETSI standard.

Of miscellaneous other work, ETSI recently published standards for issuing of qualified web-site certificates and qualified electronic seal certificates to actors that are accredited for payment service provider roles according to the EU PSD2 directive.

All in all, as ETSI standards are the foundation of many of the services that Signicat provides or will provide in the future, keeping track of and influencing the development of standards is necessary to ensure that Signicat continues to deliver world-class signature and trust services.

More on these links: ETSI and CEN.

itsme®

Signicat and Belgian Mobile ID to deliver trusted digital identity services in Belgium through the itsme® digital identity scheme

Trondheim, Norway 19 June 2018 – Signicat, the world’s leading trusted digital identity provider, has partnered with Belgium Mobile ID to integrate the Belgian itsme® digital identity scheme into the Signicat Digital Identity Platform.

The integration of itsme® into the Signicat platform means that Belgian financial institutions, online retailers, and other commercial entities can more readily attract new customers and more seamlessly engage with existing customers through:
– Frictionless customer on-boarding and ongoing, advanced user authentication.
– Improved digital customer engagement through electronic signing and preservation of legal agreements.
– regulatory compliance of KYC and AML, GDPR and more.

Additionally, through the relationship, Signicat allows businesses throughout Europe to accept itsme® as an official mobile ID, meaning that Belgian citizens will be able to use their digital ID to access services across the continent. Signicat now connects to 20+ eID schemes globally in countries including Sweden, Norway, Denmark and The Netherlands.

As part of the engagement, Signicat will become a value-added reseller for itsme®, providing customers with comprehensive offering for trusted digital identity solutions in Belgium.

Itsme®, created by Belgian Mobile ID, is an ID scheme and an open ecosystem with the ambition to become a European reference for mobile identity and digital privacy, which makes the concept easy to deploy in other regions and countries. Itsme® is free of charge for users. Companies and institutions who want to offer itsme® to their clients contribute according to their number of users.

“Being able to on-board and keep digital customers is becoming increasingly important for businesses, especially with offerings that require a level of trust beyond a functional credit card. Our work with Belgian Mobile ID means that we can streamline customer onboarding and ongoing engagement for organizations looking to build trusted digital relationships with customers in Belgium,” said Gunnar Nordseth, CEO, Signicat. “The integration of itsme® into the Signicat platform further means that businesses across Europe can quickly and securely on-board Belgian customers, digitally, in minutes – and have trust in their identities – without any need for excessive paperwork.”

“Partnering with Signicat means that Belgian citizens now have access to a wide range of services from across Europe, effectively making itsme® a cross-border digital ID scheme,” said Kris De Ryck, CEO of Belgian Mobile ID. “The cooperation with Signicat offers interesting perspectives to expand the reach of itsme® in Europe.”

-ENDS-

About Signicat
Based in Trondheim, Norway, and founded in 2007, Signicat operates the largest Digital Identity Hub in the world, offering the only complete identity platform in the market and trusted to reduce the burden of compliance in highly regulated markets.
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 a burden. 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. Signicat’s Identity Hub is a complete solution to that offers compliance and a route to better customer engagement.

Signicat has over 200 financial services organisations as clients, connects to more than 20 schemes globally and verifies more than 10m identities per month.

For more information, visit: https://www.signicat.com/itsme/ or contact us https://www.signicat.com/contact/

Media Contacts:
CCgroup for Signicat
Nicole Louis, Martyna Borys
signicat@ccgrouppr.com
+44(0) 203 824 9200

Freja eID

Signicat and Verisec partner to offer Sweden’s Freja eID across Europe

Trondheim, Norway, June 12 2018 – Signicat, a leader in trusted digital identity, and IT security company Verisec, the developers of Freja eID, today announced a digital identity partnership using the Freja electronic ID (eID). As part of the deal Signicat will now offer Freja eID as a signing and authentication method—enabling retail, financial, and other organisations to use Freja eID to on-board and engage customers.

Freja eID is a digital identity with two levels of trust; the easily accessible basic Freja eID, and the more secure and trusted Freja eID+, which requires additional identity vetting. Freja eID+ is used for secure transactions across the private and public sector and is the first Swedish mobile eID approved by the Swedish E-identification Board, granting it the Svensk e-legitimation (Swedish Electronic Identity) quality mark.

Freja eID can be used to sign documents in accordance with the EU’s cross-border digital identity regulation (eIDAS). It also makes it possible for those with limited access to electronic identity schemes—such as recent immigrants—to use Freja eID at the basic level.

Signicat has added Freja eID support into the Signicat Digital Identity Platform and will resell Freja eID acceptance as part of the commercial arrangement. Through the Signicat platform, its customers will have access to Freja eID users through the same interface.

Gunnar Nordseth, CEO Signicat, comments:
“Signicat is pleased to be working with Verisec and to add support for Freja eID and Freja eID+ to the Signicat Digital Identity Platform. By supporting Freja eID we give our customers a new digital identity method for use in combination with all those we already support across Europe. Signicat fully supports Freja eID for authentication, customer on-boarding, and to digitally sign documents.”

Johan Henrikson, CEO Verisec, comments:
“Signicat, as an established digital identity service provider (DISP) in Europe, represents a new and important partnership for Freja eID, supporting its use across the region. For many major players in the banking, finance, insurance and eCommerce, Signicat is the preferred provider of electronic identity and signature solutions.”

For more information, please contact:
Johan Henrikson, CEO Verisec AB
Mobile: +46 733 45 89 02
E-mail: johan.henrikson@verisec.com

For more information, please contact:
CCgroup for Signicat
signicat@ccgrouppr.com
+44 203 824 9200

About Verisec
Verisec AB (publ) is a company on the cutting edge of digital security, creating solutions that make systems secure and easily accessible. The company provides a wide range of products and services within its two areas of business: Digital Identity and Information Security. Verisec has global distribution and operations in Stockholm, London, Belgrade, Madrid, Mexico City, Dubai and Frankfurt. Verisec is listed on Nasdaq First North Premier in Stockholm. Erik Penser AB is Verisec’s. Certified Adviser. For more information, please visit www.verisec.com and www.frejaeid.com

About Signicat
Based in Trondheim, Norway, and founded in 2007, Signicat operates the largest Digital Identity Hub in the world, offering the only complete identity platform in the market and trusted to reduce the burden of compliance in highly regulated markets.

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 a burden. 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. Signicat’s Identity Hub is a complete solution to that offers compliance and a route to better customer engagement.

Signicat has over 200 financial services organisations as clients, connects to more than 20 schemes globally and verifies more than 10m identities per month.

For more information, visit: https://www.signicat.com/contact/

Mitek and Signicat partner to improve digital customer on-boarding for financial institutions

Joint offering additionally helps customers to comply with PSD2, AMLD5 and eIDAS regulations

San Diego and Trondheim, June 4, 2018: Mitek (NASDAQ:MITK) a global leader in digital identity verification software solutions, and Signicat, the world’s leading trusted digital identity provider, today announced a partnership to improve the digital customer on-boarding process for Europe’s financial services companies, while helping clients in their efforts to comply with a number of regulations, including PSD2, AMLD5, and eIDAS.

For many European financial services companies, the battle to attract new customers is fierce. With new “challenger” banks emerging and smaller banks looking to capitalise on new technologies to provide a competitive advantage, every step of the customer acquisition process must be streamlined to achieve optimum success.

“At Signicat we commissioned a report, ‘The battle to on-board: The European perspective on digital on-boarding for retail banks’, to understand what consumers across Europe identify as problem areas when it comes to selecting new financial service providers,” said Gunnar Nordseth, CEO at Signicat. “We found that up 52% of European customers abandon the on-boarding process and one of the main reasons for this is the need to present paper-based ID documents. The research further found that 52% of respondents would be more inclined to register for a new service should the on-boarding process be 100% online.”

To compound this, new regulations throughout Europe are forcing institutions to more rigorously identify customers. In addition to AMLD5 and new KYC regulations, eIDAS opens the way for electronic identification and PSD2 places the focus on strong customer authentication. This multi-faceted focus on identity means that current on-boarding processes could become cumbersome and act as a deterrent to potential new customers.

Signicat has integrated Mitek’s Mobile Verify solution into the on-boarding engine within its Digital Identity Platform. This will enable financial institutions across Europe to verify identity documents though capture on a mobile device, and to seamlessly on-board customers.

Mitek’s Mobile Verify solution can verify the authenticity of identity documents by capturing an image with a mobile device and assessing its authenticity. This helps customers to ensure compliance with strict AML and KYC regulations.

“This partnership marks a watershed in the European identity market. Financial institutions can now on-board customers 100% digitally, doing away with the need to visit a branch,” René Hendrikse, VP and Managing Director, EMEA, Mitek commented. “With the arrival of PSD2 and increasingly stringent AML and KYC regulations, the ability to verify customers’ identity digitally is essential. Our partnership with Signicat offers one of the only platforms capable of this.”

“Partnering with Mitek enables us to jointly offer European financial services institutions a customer on-boarding solution that is 100% online. Our customers will not only be able to benefit from Mitek’s Mobile Verify solution, but also Signicat’s secure authentication, electronic signing and archiving of sealed documents, as well as our integration with over 30 public electronic ID schemes and registry lookups,” said Nordseth. “The partnership is designed to remove friction from the customer on-boarding process to ensure financial institutions can effectively compete in the marketplace.”

-Ends-

To download Signicat’s white paper, “The battle to on-board: The European perspective on digital on-boarding for retail banks”, click here: https://www.signicat.com/resources/battle-to-on-board-2-report/

About Mitek
Mitek (NASDAQ: MITK) is a global leader in digital identity verification solutions built on the latest advancements in AI and machine learning. Mitek’s identity verification solutions allow an enterprise to verify a user’s identity during a digital transaction. This enables financial institutions, payments companies and other businesses operating in highly regulated markets to mitigate financial risk and meet regulatory requirements while increasing revenue from digital channels. Mitek also reduces the friction in the users’ experience with advanced data prefill and automation of the onboarding processes. Mitek’s innovative solutions are embedded into the apps of more than 6,100 organizations and used by more than 80 million consumers. For more information, visit www.miteksystems.com or www.miteksystems.co.uk. (MITK-F)

Mitek Contact:
Ann Reichert
Senior Director of Marketing
pr@miteksystems.com

CCgroup
Mitek@ccgrouppr.com
+44 203 824 9200

Mitek Investor Contacts:
Todd Kehrli or Jim Byers
MKR Group, Inc.
mitk@mkr-group.com

About Signicat
Based in Trondheim, Norway, and founded in 2007, Signicat operates the largest Digital Identity Hub in the world, offering the only complete identity platform in the market and trusted to reduce the burden of compliance in highly regulated markets.
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 a burden. 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. Signicat’s Identity Hub is a complete solution to that offers compliance and a route to better customer engagement.
Signicat has over 200 financial services organisations as clients, connects to more than 20 schemes globally and verifies more than 10m identities per month.
For more information, visit: https://www.signicat.com/contact/

Media Contact
CCgroup for Signicat
signicat@ccgrouppr.com
+44 203 824 9200

Podcast

The Global Digital Banker podcast – episode 14 – The global state of digital identity

The Global Digital Banker podcast:

We take a look at the global state of digital identity. From the West we hear from John Erik Setsaas, Identity Architect at Signicat and from the East we hear from Jonathon Thorpe, Head of Identity at the Australian Govt. Digital Transformation Agency.

John Erik Setsaas shares how financial institutions can position themselves at the centre of this technology shift, the opportunities to banks for investing within this space and some great examples of institutions that are leading in market.

Jonathon Thorpe explains the next phase of work for the Digital Identity Framework, the organisations that they are partnering with to implement their solutions and how they build trust and mitigate against risks for consumers.

Listen to the podcast here