# Voima begins cooperation with Signicat
Helsinki, 7th of February 2022 – Voima Gold Ltd. has chosen Signicat’s services for their internal KYC and e-signature processes.
Voima’s mission is to create the safest bank by leading the change to gold-based financial services. The company aspires to offer daily banking services, like saving and credit, based on sound money—gold. Security is a top priority in this field, whether it has to do with creating or logging in to an account, organising KYC processes or signing electronic documents. Simultaneously, these experiences should be as user-friendly as possible for the Customer.
Hence the cooperation with Signicat is a great step forward. Voima’s CEO and founder Marko Viinikka comments the new partnership as follows: ”Signicat was chosen as the new service provider since their services are, first and foremost, easy to use from the Customer’s point of view. They have a comprehensive palette of services, the quality of their solutions is very high and they provide easy interface-based integration.”
Signicat’s solution includes a strong identification with the use of electronic BankID-type methods, remote passport or other ID document verification that covers 150 countries. In addition, they provide organisational background information in accordance with AML/CFT requirements, such as beneficial owners, ownership structure, sanction list findings, governance and signature rights. Signicat also provides Voima with e-signature service for contract management; the service includes strong identification and an agreement that is legally binding and a transferable proof that the terms have been accepted in a mutual fashion.
Signicat’s Country Manager Antti Harsunen is delighted with the high demand for Signicat’s digital solutions, which has resulted in several new international B2B-oriented customers who are focusing on online and mobile channels. “We at Signicat have a winning recipe, which involves the outstanding expertise of our 400 employees and the unique technology palette built around digital identity, KYC/KYB and e-signing services.”
Voima offers financial services for retail, businesses and institutional Customers, such as investment companies, municipalities and foundations. The company’s principal product is Voima Account—an account for gold and euros— with which Customers can own physical and highly liquid gold that has the purity of at least 99.99%. The gold can be owned by the milligram, so Customers can accumulate their gold ownings as they like. Furthermore, the gold stored in Voima’s vault is fully insured, and it is subject to regular third-party audits.
Voima Accounts have been opened across the world, and Voima has been ranked the biggest Finnish fintech startup in terms of revenue in 2020 and 2021.
Signicat is the leading provider of digital identity solutions in Europe.
The company’s mission is to build technology for people to trust each other in a digital world. Signicat brings trust to identity claims in every step of the customer journey from onboarding to offboarding.