FinLab AG: AUTHADA is launching a secure electronic signature solution on the market. AUTHADA now offers QES and identification from a single source
DGAP-Media / 10.05.2021 / 10:00
- Darmstadt cybersecurity specialists present secure, fully digital procedure for executing contracts
- QES with highest assurance level for a signature procedure according to eIDAS regulation
- Enormous efficiency potential for companies in trade, financial sector or the real estate industry
Frankfurt and Darmstadt, Germany / Rome, Italy, May 10th, 2021 - The certified identification service provider AUTHADA GmbH, a portfolio company of Frankfurt-based FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR) is expanding its product portfolio and today is launching - together with InfoCert, Europe's largest certification authority -a secure electronic signature solution on the market: With sign, users can sign and exchange documents electronically in compliance with the law. For this purpose, sign provides the so-called "Qualified Electronic Signature" (QES): As a signature procedure with the highest level of assurance, the QES is equivalent to a handwritten signature according to the European eIDAS regulation ("electronic Identification, Authentication and Trust Services").
Companies in trade, the financial or real estate sector and many other industries can efficiently digitalise their contract processes. Not only does sign drastically reduce the time it takes to execute a contract, as well as the associated costs and efforts: the digitalisation of the contract process also ensures enormous scalability. Opening and office hours no longer play a role in the digital world, contracts can now be executed 24/7.
Perfectly integrated solution
With the new signature solution, the cybersecurity specialists from Darmstadt are consistently expanding their product range and creating substantial added value for their customers. Anyone who wants to sign a document with a QES must identify themselves unambiguously in advance. AUTHADA now covers the entire process from identification to electronic signature. This does not only speed up the various steps, but also ensures a high level of process security.
Robin Acker, CPO and co-founder of AUTHADA: "The new QES solution sign is a perfect addition to our app-based identification solution AUTHADA ident, which allows identification using the electronic ID card. Both solutions are quick and easy to integrate, can be ideally combined and offer our customers a future-oriented complete package in terms of secure process efficiency."
AUTHADA with the highest possible level of assurance
Due to legal regulations, certain contracts require a handwritten signature. The QES is equivalent to a handwritten signature according to the eIDAS Regulation and can replace it in many cases, which is why it is of particular importance for business processes. Consumer loan agreements (often colloquially referred to as "consumer credit"), mobile phone contracts or even terminations of a lease agreement can be legally signed with a QES.
To make this possible, the European legislator specifies in the eIDAS Regulation exactly how the QES is to be implemented technically. AUTHADA and InfoCert implement all these regulatory and legal requirements together: AUTHADA contributes its concentrated digital identification expertise in the form of app-based eID identification, whereas InfoCert is responsible for generating the valid qualified certificate. This is because a QES is based on a qualified certificate that is valid at the time of its generation and is created with a secure signature creation device. AUTHADA's signature procedures represent a very secure and efficient process through the combination of eID identification and QES. "Covid catapulted our society into a world characterised by digital interactions. Some interactions need to be managed at a higher level of assurance because of their critical and/or sensitive nature. That's where digital signatures are required. With millions of digital signatures managed on a daily basis, InfoCert is the largest Certification Authority in Europe and we are extremely proud of our strategic partnership with AUTHADA. By combining the unique propositions of the two companies we are able to offer German citizens the possibility to use their identity card to digitally sign any kind of document at the highest legal value." stated Carmine Auletta, InfoCert Chief Innovation and Strategy Officer.
About AUTHADA GmbH:
AUTHADA is a Darmstadt-based cybersecurity company with its roots in research and special expertise in the field of digital identities. Founded in 2015, AUTHADA now offers innovative solutions for digital remote and on-site identification using eID. The company also provides a process for legally compliant signing of digital documents in the form of a Qualified Electronic Signature (QES). Financial service providers, insurers, telecommunications providers and e-commerce companies can thus digitise their identification and contract processes securely and efficiently. Since March 2020, AUTHADA has been a certified identification service provider, which allows digital identifications in all markets. In addition, AUTHADA is an ISO/IEC 27001 certified company. This international standard for information security ensures that AUTHADA complies with extensive information security requirements and implements far-reaching measures to protect data.
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About InfoCert / TINEXTA SpA:
Tinexta, InfoCert, Tinexta Group, is the largest European Certification Authority, active in over twenty countries. The company provides services in digitisation, eDelivery, Digital Signature and digital preservation of documents and is an accredited AgID digital identity operator in the area of SPID (Public System for the management of Digital Identity). InfoCert invests significantly in research and development and in quality: it holds a substantial number of patents while the ISO 9001, 27001 and 20000 quality certifications bear witness to the highest-level of commitment in the provision of services and security management. The InfoCert Information Security Management System is ISO/IEC 27001:2013 certified for EA:33-35 activities. InfoCert is a European leader in the provision of Digital Trust services that are fully conformant with the requirements of the eIDAS Regulation (EU Regulation 910/2014) and ETSI EN 319 401 standards. The company aims to increasingly expand at international level, including through acquisitions: it holds a 51% stake in Camerfirma, one of the principal Spanish certification authorities and a 16.7% stake in Authada, a leading-edge German Identity Provider. Finally, InfoCert owns an 80% shareholding in Sixtema SpA, the technological partner of the CNA (National Confederation of Italian Artisans and Craftsmen and Small and Medium-Sized Enterprises), which provides technological solutions and consultancy services to SMEs, traders' associations, financial intermediaries, professional firms and entities.
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Pietro Barrile +39 320 700 8732
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Francesco Petrella +39 345 2731 667
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. FinLab's focus in this context is to provide venture capital for start-ups with an aim to make long-term investments and provide strategic support to developing companies by leveraging our network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.
Telefon: +49 69 719 12800
End of Media Release
Issuer: FinLab AG
Key word(s): Research/Technology
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