Signicat secures second round of Horizon 2020 funding to develop ID Assurance as a Service
Signicat as secured phase two funding from the EU’s Horizon 2020 programme, the framework for funding research and innovation. The funding will be used to further develop Signicat’s IDAaaS (Identity Assurance as a Service) toolbox for use across Europe—helping to create a single digital identity market for Europe, one of the European Commission’s priorities for the latter half of the decade.
Signicat’s IDAaaS service will enable financial service providers and other businesses across Europe to verify the identity of a new customer—either an individual or an organisation—using electronic identity (eID) and digital verification of paper ID, as well as other technologies including registry lookup, facial recognition, and other innovations. This means businesses can comply with complex KYC (Know Your Customer) requirements, while still offering simple, digital on-boarding to their customers.