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FinLab AG: FinLab investment AUTHADA secures well-known FinTech investor main incubator and finalizes seven-digit financing round
DGAP-News: FinLab AG / Key word(s): Investment FinLab investment AUTHADA secures well-known FinTech investor main incubator and finalizes seven-digit financing round – AUTHADA GmbH, a portfolio company of FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR), is a technology company based in Darmstadt that offers BSI certified products for secure and user-friendly identity verification – FinLab AG, the first institutional investor of AUTHADA and main incubator, the research and development unit of the Commerzbank Group, are jointly investing a seven-figure sum in the company – AUTHADA’s solutions can be used flexibly by financial institutions, telecommunications providers, insurers and ecommerce providers Darmstadt/Frankfurt am Main, 21. August 2018 – As more and more digital offerings and products become available, secure online identification techniques are playing an increasingly important role. The Darmstadt-based technology company AUTHADA provides innovative solutions in this context. The technology underlying the software uses the features of the electronic identity card, as the data for the electronic proof of identity (eID) is stored in the chip. AUTHADA turns the smartphone into a mobile ID card reader with Near Field Communication (NFC), enabling fast, flexible and above all secure online identification. In total, AUTHADA offers four product solutions: AUTHADA ident for remote identification of new and existing customers, AUTHADA onsite for point of sale (POS) identification, AUTHADA sign for mobile and fully automated contract conclusions and AUTHADA verify for two-factor authentication. The entire AUTHADA eID core, and therefore all solutions, are certified by the Federal Office for Information Security (BSI). In addition, any identification process with an AUTHADA solution complies with the following laws and regulators: Money Laundering Act (GwG), Telecommunications Act (TKG) and the Payment Services Supervision Act (ZAG). AUTHADA sets itself apart from its competitors with its speed, consistent accessibility, user friendliness and increased efficiency. The innovative solution from AUTHADA is already being successfully used by ayondo and paysafecard, and soon it will “go live” with a direct bank and then one of the major EU financial institutions in retail banking. The existing investor FinLab and the new investor main incubator, a wholly owned subsidiary of Commerzbank, are also convinced of the added value with the solutions. Ulrich Coenen, Divisional Director for Corporate Clients of Commerzbank and member of the investment committee of main incubator: “As a digital technology company, providing innovative solutions tailored to our customers’ needs is one of our main concerns. The topic of data security for our customers always plays a major role. With the investment from main incubator in the startup AUTHADA, we are securing our participation in one of the most disruptive solutions for online identification. With AUTHADA, we can optimize the on-boarding process for our customers and therefore, create better digital experiences.” Julian Bürklein, Investment Manager at main incubator, adds: “We are pleased to welcome AUTHADA, the 15th investment in our portfolio. The AUTHADA solution ties in with the customer relationship at a very early stage, making it as digital and user-friendly as possible right from the start.” Andreas Plies, CEO and one of the founders of AUTHADA, clarifies: “We are particularly pleased to have found an investor in the research and development unit of the Commerzbank Group who, in addition to an interest in the economic development of AUTHADA, has just as much interest in the innovative content of our solutions.” Jörg Jessen, also CEO and founder from AUTHADA, adds in conclusion: “Investors such as FinLab and main incubator are particularly valuable to AUTHADA, as they will greatly support us with the strategic positioning in our primary markets through their experience and market knowledge.”
About main incubator: Press contact:
About FinLab AG:
21.08.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | investore-relations@finlab.de |
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 News Service |