27.04.2016
FinLab AG DE0001218063
DGAP-News: FinLab AG: FinLab AG invests in technology firm AUTHADA GmbH
DGAP-News: FinLab AG / Key word(s): Investment
FinLab AG: FinLab AG invests in technology firm AUTHADA GmbH
27.04.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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FinLab AG invests in technology firm AUTHADA GmbH
AUTHADA revolutionizes the identification process, verifying a customer's
identity via the electronic identity (eID) in a government-issued ID card
and a smartphone's NFC interface - all in a matter of seconds using
officially verified master data.
Frankfurt/Darmstadt, April 27, 2016. The Darmstadt-based technology company
AUTHADA GmbH is receiving a seven-figure growth financing package from the
listed company FinLab AG (WKN 121806, ISIN DE0001218063, ticker A7A.GR) to
accelerate product development and sales. AUTHADA reads the electronic
identity (eID) of an ID card via a smartphone's NFC interface. This enables
a customer's identity to be verified in just a few seconds based on
officially verified master data.
AUTHADA, a spin-off company of the Darmstadt University of Applied Science,
is putting an end to the conventional, cumbersome approaches to identity
verification using PostIdent and video legitimation. By reading the
electronic identity (eID) of an ID card via a smartphone's NFC interface,
it is possible to provide mobile and safe identification of existing and
target customers in real time.
Beginning in 2009 at Darmstadt University of Applied Science, Andreas
Plies, Robin Acker and Prof. Michael Massoth jointly developed a technology
for secure authentication, which was then patented. In early 2015, the
project was spun off as AUTHADA GmbH. AUTHADA has already won several
prizes, including the IKT Innovation award and the EXIST research program
of the German Ministry of Economic Affairs and Energy.
FinLab director Stefan Schütze said: "We're delighted to introduce the next
level of user authentication with AUTHADA. What's new and special about
this solution is its new procedure that already meets all legal and
regulatory requirements of the second European Payment Services Directive
(PSD2), which have to be implemented across Europe. This puts us a major
step ahead in the market."
"We jumped at the chance to select FinLab because they are able to support
us effectively in both financial and operational terms," emphasizes AUTHADA
CEO and company founder Andreas Plies. "With a strong partner with good
connections to the financial sector, we're now in a good position to
rapidly penetrate the market."
Jörg Jessen, co-CEO, adds: "With the capital obtained we are building teams
for the banking and insurance sector in order to be sufficiently
diversified for the e-commerce as well as the e-health and e-government
sectors. To this end, it is crucial that counterfeit identities be
excluded, since they are unfortunately commonplace in existing
authentication processes using PostIdent and video identification."
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A) is one of the first and largest company builders and
investors focused on the Financial Services Technologies ("FinTech")
sector. FinLab focuses on developing German FinTech start-ups and providing
venture capital for their financial needs, whereas in each case the aim is
a long-term participation and ongoing support of the investment. FinLab
also invests globally, as part of venture rounds, in FinTech companies,
primarily in the USA and Asia.
Press contact:
FinLab AG:
[email protected]
http://www.finlab.de
Phone: +49 69 719 12 80 0
About AUTHADA GmbH:
AUTHADA reads the electronic identity (eID) of an ID card via a
smartphone's NFC interface. This enables a customer's identity to be
verified in just a few seconds based on officially tested master data.
Mobile authentication of customers is the decisive factor in rejuvenating
and broadening the customer base. Continuous digital use of all services
and products in e-commerce, mobile banking and insurance meets the
expectations of all customer groups and digital natives. A significant
reduction in abandonment rates in mobile and digital customer acquisition
is achieved by eliminating the need to change to a different media format,
such as paper or video.
Press contact:
AUTHADA GmbH
Jörg Jessen
[email protected]
http://www.authada.de
https://twitter.com/AUTHADA_GmbH
Phone: +49 6151-167905
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27.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: [email protected]
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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