05.07.2018
FinLab AG DE0001218063
FinLab AG: AUTHADA's digital identification solution goes live with Paysafe Group
DGAP-Media / 05.07.2018 / 14:00
The Austrian provider of prepaid solutions - paysafecard - is now offering
customers a new solution from AUTHADA for fast and secure online
identification.
Darmstadt/Vienna. July 4, 2018 - New customers of one of the global market
leaders in the field of online prepaid payment methods - paysafecard - are
now identifying themselves with the App from AUTHADA, a portfolio company of
FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR). paysafecard offers
prospective customers the opportunity to register for their online payment
account "my paysafecard" and to identify themselves securely and faster than
ever: With NFC (Near Field Communication) smartphone technology, users only
need their ID card and the corresponding six-digit PIN for digital
identification. With this integration, paysafecard is one of the first
renowned players in the financial sector to implement AUTHADA's eID mobile
identification solution as it continues to pioneer the digitalization of the
financial sector.
With AUTHADA ident, paysafecard offers new customers a solution that offers
unique advantages over other identification products: remote identification
with the AUTHADA app takes just a few seconds and can be used from anywhere
at any time. Customers need only an NFC-enabled smartphone or tablet, and
with the electronic identity (eID) of their ID card and PIN customers are
able to confirm their identity to a service provider within seconds. The
accelerated KYC process (Know Your Customer) results in an extremely low
dropout rate when acquiring new customers.
And AUTHADA products are also impressive beyond just the onboarding process.
AUTHADA also meets the requirements for the verification check in accordance
with the German Banking Act (KWG), which is particularly relevant for credit
institutions and insurers. The eID Core solution guarantees maximum security
and is the first and only identification procedure in Germany to be
certified by the Federal Office for Information Security (BSI).
"The Paysafe Group, as an established player in the financial industry, has
proven with their decision to implement this identification method that the
industry is ready for AUTHADA," says Jörg Jessen, CEO and co-founder of
AUTHADA. Udo Müller, CEO of paysafecard, confirms: "The eID function is a
technology that corresponds to our digital age as well as the high level of
user-friendliness - we require. I personally expect this identification
process to be a success." And Jörg Jessen adds: "We are very pleased and
hopeful to achieve another go-live in the financial sector in the coming
weeks with our product AUTHADA ident. But this much can be revealed: In the
next few weeks, other large financial service providers will soon follow."
About AUTHADA GmbH:
AUTHADA GmbH is a cybersecurity start-up founded in May 2015 as a spinoff of
the Darmstadt University of Applied Sciences. The eID-Core solutions use the
electronic identity of personal ID cards via a mobile or stationary device
to verify existing or prospective customers within seconds. Since the
product is based on national and international safety standards and legal
requirements, it is certified by the German Federal Office for Information
Security (BSI) and can therefore be considered safe to use and reliable.
Press contact:
AUTHADA GmbH
[email protected]
www.authada.de
www.twitter.com/AUTHADA_GmbH
Phone: +49 6151 2752 500
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
in Europe. 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]
www.finlab.de
Phone: +49 69 719 12 80 0
End of Media Release
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Issuer: FinLab AG
Key word(s): Enterprise
05.07.2018 Dissemination of a Press Release, 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.
Archive at 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
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Stuttgart, Tradegate Exchange
End of News DGAP Media
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