Identity Assurance for Regulated Industries
Traditional identity assurance is a challenging process for regulated industries. Identity verification is done by persons, require physical meetings, and become a hurdle to acquire new customers.
Signicat delivers a service to drastically simplify this process. We deliver the toolbox to enable online assurance for regulated businesses in Europe. Compliant with your KYC and generic AML4 requirements.
Cross-border Digital Identity Hub
The Signicat platform includes a Digital Identity Hub, which connects the fragmented landscape of electronic identity at national and EU cross-border level. We provide a common API that our clients can integrate with, connecting them to numerous eIDs, registry lookups, social logins, and other technologies through that one integration.
Consequently, through a single point of integration, our clients can bridge their websites or mobile apps with the diverse identity assurance methods or technologies available in each country, and dynamically increase the assurance level as requested by different services.
Identity Assurance Methods
The current assurance methods include:
- Automatic verification of official ID documents
- National eID providers
- Access to an existing account
- Registry lookups (for example PEP lists)
- Derived identities, for example from Mobile Connect (GSMA)
- Video interview
- Proofing of residential address
Horizon 2020-funded initiative
The Identify as a Service project project started on October 1, 2017 and has an estimated cost of investment of 1.9 Million Euros, partially funded by the European Union’s Horizon 2020 research and innovation programme. This project run by Signicat AS, European market leader in secure online identification solutions.
Signicat’s innovation relies on the integration of different tools for identity assurance to help companies to comply with legislation, while simplifying user’s online on-boarding through one-stop-shop: the Signicat Identity Assurance as a Service solution. The IDAaaS solution will complement the current eIDAS ecosystem.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 784247.