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FinLab AG: FinLab AG invests in technology firm AUTHADA GmbH
DGAP-News: FinLab AG / Key word(s): Investment / 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: Press contact: About AUTHADA GmbH: Press contact: Contact: FinLab AG Kai Panitzki Tel: +49 69 719 12 80 0 E-Mail: investor-relations@finlab.de
2016-04-27 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 | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News Service |