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.

Technical Support Specialist, Finland

About the Position

Signicat is continuing to attract an increasing number of new, local and international business customers, many of which are large enterprises with wide reach. In addition, our existing customers are broadening their expectations of our products and services, and we are passionate and focused on delivering a consistent quality to all.

Due to this expansion, to strengthen our service organization and our business in Finland, we are looking for persons with excellent troubleshooting skills, experience with B2B customer support or premier services, energy and passion for helping others, and focused on the customers receiving significant value from our services. If you have these skills, then this might be the right job for you.

The role includes responsibilities for activities like:

Reactive and proactive technical and product support for Signicat’s Finnish customers
A key role in onboarding of new Signicat customers, sometimes as a leader of virtual teams
Provide pre-sales assistance to the Finnish Sales team
Contribute to get the highest possible adoption of the products sold
Be the link between Signicat’s Operations department, Finnish Sales team and the customers’ technical and business teams
Participate in further development of Signicat’s service product in Finland

Essential qualifications:

– Have a minimum bachelor’s degree within IT
– Have a service oriented mindset and can represent Signicat in a professional manner
– Enjoy challenges and can solve them
– Excellent communication and interviewing skills
– Speaks and writes Finnish fluently
– High proficiency in spoken and written English

Desirable qualifications:

– Have knowledge of ITIL or ISO27001
– Have experience with IT-related customer service tasks
– Have competence in programming, front-end or back-end
– Written and oral skills in a Scandinavian language (Norwegian, Swedish and Danish)

The position will be located at our Finnish office in Leppävaara, Espoo. The position will require occasional travelling, especially to the Signicat headquarters in Trondheim, where the rest of the service and support organization is located.

You will report to the Head of Operations.

About Signicat

Signicat is a Digital Identity Service Provider (DISP) and is one of the leading providers of electronic identity and signature solutions in Europe/globally. Our security solutions are used at all financial levels from government and big banks to small business—and everywhere in between.

We continue to be leaders in innovative security solutions, reducing risk while providing a smart and intuitive user experience. Signicat has earned the trust of institutions and businesses by providing user authentication, electronic signing, identity proofing and document preservation. We are innovators in fingerprint authentication, two-step verification and other generated one-time passwords.

We are a fast-growing company that has track record of success as one of the most complete providers of electronic identification services for the Nordic and European markets. While enjoying continued growth we have kept the best of our ‘startup’ ethos, encouraging creativity, initiative and independence to get things done. We value the well-being of each employee and all work together to create a supportive and inspiring work environment.

Signicat has more than 100 employees at offices in Trondheim (headquarters), Oslo, Copenhagen, Helsinki, Stockholm, Amsterdam, Lisbon, London and Frankfurt. Our focus is security and professionalism and we are constantly working to improve our product and ourselves. If you want to be part of our highly talented, professional and creative team then we want to hear from you!

Signicat is one of the leading providers of electronic identity and signature solutions in Europe.

We reduce risk in smart ways making it easy for companies to offer online authentication, identification and electronic signatures. Our teams are passionate about our mission to create the safest solutions for tomorrow’s challenges.

We are proud to provide identity assurance and authentication to over 450 European businesses and institutions in sectors such as government, banking, finance, insurance and eCommerce.

Contact person:

Hallvard Olaisen
COO
+47 951 36 561
hallvard.olaisen@signicat.com

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

Technical Support Specialist, The Netherlands

Signicat is one of the leading providers of electronic identity and signature solutions in Europe. We deliver online trust-based services to the public and private sector globally.

We reduce risk in smart ways making it easy for companies to offer online authentication, identification and electronic signatures. Our teams are passionate about our mission to create the safest solutions for tomorrow’s challenges. We are proud to provide identity assurance and authentication to over 430 European businesses and institutions in sectors such as government, banking, finance, insurance and eCommerce.

About the Position
Signicat is continuing to attract an increasing number of new, local and international business customers, many of which are large enterprises with wide reach. In addition, our existing customers are broadening their expectations of our products and services, and we are passionate and focused on delivering a consistent quality to all.

Due to this expansion, to strengthen our service organization and our business in The Netherlands, we are looking for persons with excellent troubleshooting skills, experience with B2B customer support or premier services, energy and passion for helping others, and focused on the customers receiving significant value from our services. If you have these skills, then this might be the right job for you.

The role includes responsibilities for activities like:
• Reactive and proactive technical and product support for Signicat’s customers from the BeNeLux area
• A key role in onboarding of new Signicat customers, sometimes as a leader of virtual teams
• Provide assistance to the Dutch Sales & pre-Sales team
• Contribute to get the highest possible adoption of the products sold
• Be the link between Signicat’s Operations department, Dutch Sales team and the customers’ technical and business teams
• Participate in further development of Signicat’s service product in the Netherlands

Essential qualifications:
• Have a minimum bachelor’s degree within IT
• Have a service-oriented mindset and can represent Signicat in a professional manner
• Enjoy challenges and can solve them
• Excellent communication and interviewing skills
• Speaks and writes Dutch fluently
• High proficiency in spoken and written English

Desirable qualifications:
• Have knowledge of ITIL or ISO27001
• Have experience with IT-related customer service tasks
• Have competence in programming, front-end or back-end

The position will be located to our Dutch office, in The Hague. The position will require some travelling, especially to the Signicat headquarters in Trondheim, where the rest of the service and support organization is located.

You will report to the Head of Operations.

About Signicat
Signicat is a Digital Identity Service Provider (DISP) and is one of the leading providers of electronic identity and signature solutions in Europe/globally. Our security solutions are used at all financial levels from government and big banks to small business—and everywhere in between.

We continue to be leaders in innovative security solutions, reducing risk while providing a smart and intuitive user experience. Signicat has earned the trust of institutions and businesses by providing user authentication, electronic signing, identity proofing and document preservation. We are innovators in fingerprint authentication, two-step verification and other generated one-time passwords.

We are a fast-growing company that has track record of success as one of the most complete providers of electronic identification services for the Nordic and European markets. While enjoying continued growth we have kept the best of our ‘startup’ ethos, encouraging creativity, initiative and independence to get things done. We value the well-being of each employee and all work together to create a supportive and inspiring work environment.
Signicat has more than 100 employees at offices in Trondheim (headquarters), Oslo, Copenhagen, Helsinki, Stockholm, Amsterdam, Lisbon, London and Frankfurt. Our focus is security and professionalism and we are constantly working to improve our product and ourselves. If you want to be part of our highly talented, professional and creative team then we want to hear from you!

About the Signicat’s Dutch office
The Dutch team exists out of team of commercial experts with a broad Industry knowledge and is conveniently situated a stone’s throw from Centraal Station, on the cusp of the city centre. This unique red brick building designed in the Amsterdam School architectural style is an iconic landmark on the city’s skyline and well known throughout the Hague. Formerly the Esso headquarters, this is a building with history and presence. Spaces Rode Olifant is easily accessible by car and has excellent transport links located only eight minutes walking distance from Central Station. Set up your work spot, plug into our energy and start accelerating together while overlooking beautiful Malieveld

Signicat offers a full-suite of benefits and competitive compensation. If you are looking for a new opportunity, we look forward to hearing from you. Please submit your resume to:

Marco Gouw
Director of Sales
Marco.gouw@signicat.com
+31 (0)657001483

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.

Sales Executive Finland

Signicat is one of the leading providers of electronic identity and electronic signature solutions in Europe. The company, founded in 2007, delivers online trust-based services to the public and private sector globally.

The solutions fulfill operational capabilities in line with international standards and requirements, such as Privacy, Anti-Money Laundering (AML) and Anti-Terrorist legislation and regulations, as well as Know Your Customer (KYC) requirements for onboarding of new users.

Signicat offers some of the most advanced solutions for electronic identity and electronic signatures. The goal is to enable customers to do business more effectively by delivering great user experiences for the end users and at the same time reduce the risk by using advanced security technology.

The Signicat solutions are used by banks and financial institutions, insurance companies, government agencies and large corporations as well as small and medium sized businesses. Customers trust Signicat with the responsibility of authenticating users, providing electronic signing, identity proofing and document preservation.

About the position:
To strengthen our Finnish Sales organization and our business in Finland, we are looking for highly motivated sales person.
The position will be located at our Finnish office in Leppävaara, Espoo. You will be working with Signicat customers, partners as well as with the other sales and delivery teams in Signicat.

Qualifications and characteristics:
· Experience with sales & partner management
· Experience of services related to cloud services or other software (CRM, ERP)
· Excellent marketing skills(digital and traditional)
· Negotiations skills
· High level technical insight and business understanding
· Ability to work independently, being self driven with a good “drive”
· Documented results & track record

Signicat can offer you a job in one of Europe’s leading fintech companies. The company has competitive conditions and a variety of benefits. Signicat has over 100 employees distributed at offices in Trondheim (headquarter), Oslo, Copenhagen, Helsinki, Stockholm, Amsterdam, London and Frankfurt.

Contact:
Antti Harsunen
Country Manager,
+358 40 687 9090
antti.harsunen@signicat.com

Process Architect, Trondheim Norway

Signicat is one of the leading providers of electronic identity and signature solutions in Europe.

We reduce risk in smart ways making it easy for companies to offer online authentication, identification and electronic signatures. Our teams are passionate about our mission to create the safest solutions for tomorrow’s challenges.

We are proud to provide identity assurance and authentication to over 425 European businesses and institutions in sectors such as government, banking, finance, insurance and eCommerce.

About the Position
Signicat is continuing to attract a growing number of new, local and international business customers, many of which are large enterprises with wide reach. In addition, our existing customers are broadening their expectations of our products and services, and we are passionate and focused on delivering a consistent quality to all.
In order to ensure continued excellence alongside our expansion, we are looking to hire a Process Architect with energy and a passion for designing, implementing and optimizing business processes. You will have excellent troubleshooting and communication skills, experience in the field and a sharp focus on our customers´ need for the highest possible value from our services. Signicat is passionate about delivering a high-quality customer experience. You will share this goal and will help ensure exceptional customer service through your role in enhancing our business processes.
The Process Architect is a new role in Signicat, and you will be a part of a small and high-skilled team within the organization. Occasional travel will be required between our headquarters in Trondheim, Norway and our other European offices.

Job Description
You will have a range of responsibilities, including:
• Identifying and analysing existing and potential problems related to operational processes
• Recommending solutions to improve operational processes
• Implementing a common process framework and ensuring its continuous development
• Maintaining and improving existing corporate systems including Salesforce
• Working alongside internal stakeholders to identify process improvements, and implementing corresponding changes
• Ensuring process alignment across the organization, through collaboration and effective communication with colleagues at all levels

Qualifications, Experience & Skills
As the ideal candidate, you will have:
Essential
• Thorough understanding of current business process management (customer, operations and cash flow)
• Ability to streamline processes with skills in design and process architecture
• Technical and programming skills, preferably in html, javascript, java
• Ability to quickly understand and analyze complex issues, in line with Lean and Agile principles
• Excellent communication and interviewing skills
• High proficiency in spoken and written English
• Master’s degree or similar education (Business / Computer Science, or related field preferred)
Desirable
• Experience within organizational transformation, change management, Lean principles and process improvement in large business operations
• In-depth skills of modern ERP or CRM platforms (like Salesforce)
• Written and oral skills in a Scandinavian language (Norwegian, Swedish and Danish)

Our Benefits
• Competitive salary
• Insurance and pension plan
• 5 weeks paid vacation (following one year’s service)
• Family friendly policies
• Employee social activities (music, sports, board games)
• For international moves to Norway, immigration assistance and relocation services provided

About Signicat
Signicat is a Digital Identity Service Provider (DISP) and is one of the leading providers of electronic identity and signature solutions in Europe/globally. Our security solutions are used at all financial levels from government and big banks to small business—and everywhere in between.

We continue to be leaders in innovative security solutions, reducing risk while providing a smart and intuitive user experience. Signicat has earned the trust of institutions and businesses by providing user authentication, electronic signing, identity proofing and document preservation. We are innovators in fingerprint authentication, two-step verification and other generated one-time passwords.

We are a fast-growing company that has track record of success as one of the most complete providers of electronic identification services for the Nordic and European markets. While enjoying continued growth we have kept the best of our ‘startup’ ethos, encouraging creativity, initiative and independence to get things done. We value the well-being of each employee and all work together to create a supportive and inspiring work environment.

Signicat has more than 100 employees at offices in Trondheim (headquarters), Oslo, Copenhagen, Helsinki, Stockholm, Amsterdam and London. Our focus is security and professionalism and we are constantly working to improve our product and ourselves. If you want to be part of our highly talented, professional and creative team then we want to hear from you!

About Trondheim
Signicat’s headquarters are located in Trondheim, Norway’s technology and start-up capital. Set on one of the countries famous fjords it has fast become a European tech hub—a space where exciting innovation and ideas not only start but develop and succeed. The city has established itself as a career destination for the tech world leading the way in advanced technology for the finance, energy and software sectors.

With close access to nature for hiking and skiing–or just to clear your head and think of that next great idea, Trondheim blends the benefits of city living with an adventurous outdoor spirit. The city hosts reliable infrastructure and public transport making it simple to get around as well as offering a vibrant cultural, artistic and music scene.

Trondheim continues to attract ambitious and creative workers by offering an appealing mix stimulating working conditions, innovation and way of life.

Contact Information
COO Hallvard Olaissen
hallvard.olaisen@signicat.com

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