IDnow partners with IDnow Trust Services AB to provide qualified electronic signatures, time stamps and seals to its customers and beyond

MUNICH, Nov. 5, 2024 /PRNewswire/ — IDnow, a leading identity verification platform provider in Europe, announces its partnership with newly founded IDnow Trust Services AB, a certified Qualified Trust Service Provider (QTSP) under EU Regulation 910/2014 (eIDAS).¹ Founded as a joint venture in Stockholm in early 2024 between IDnow and ESYSCO, a system integrator and technology provider, the company offers qualified trust services, such as electronic signatures, time stamps, and seals, that combine security, compliance, and user convenience.

Innovation and leadership in the digital signature market

As a recognized QTSP in the EU by the Swedish supervisory body Post-och telestyrelsen (PTS), IDnow Trust Services AB will issue, validate, and manage electronic certificates and time stamps; capture additional information, such as qualified time; hold identification evidence data, and perform certificate revocation, while complying as a Certificate Authority (CA). The QTSP provides assurance of the existence of specific electronic data at a specific time, such as proof that documents have been submitted for processing.

One of the features that IDnow Trust Services AB will immediately enable for IDnow’s customers is SMS-free signing. This certified capability simplifies the signing process, eliminating the requirement of One-Time Password (OTP) codes and driving higher conversion rates. IDnow Trust Services AB is the first QTSP that will allow this new user authentication process, which is already acknowledged by different CEN and ETSI standards and which will revolutionize the user experience in the digital signature market.  

New joint venture secures trust and simplifies compliance

“We are incredibly pleased that our joint venture, IDnow Trust Services AB, is already bearing the fruits of our labor. At IDnow, we have long made it our mission to actively shape and lead the Know Your Customer and digital identity industry; we are now once again showing this leadership role by doubling down on trust services, as they are an essential part of the transformation of the digital identity market heralded by eIDAS 2.0,” says Andreas Bodczek, CEO of IDnow.

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He continues: “In the coming years, our customers will benefit from the synergy of identity verification and qualified trust services, ensuring a compliant and efficient experience for all business-critical operations across the EU. This collaboration sets a new standard for trust and operational efficiency, positioning businesses for long-term success in the fast-evolving digital landscape.”

Johannes Leser, CEO of IDnow Trust Services AB, adds: “Trust and liability is the backbone of all business, and it will be the driving force behind the global digital economy. IDnow Trust Services AB is committed to delivering innovative and highly dependable solutions to IDnow, its customers, and partners. With trust as our mutual foundation, we’re poised to revolutionize the European digital signature market, which is expected to be seven times larger by 2030 than it is today.” 

About IDnow

IDnow is a leading identity verification platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.

In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management AG, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform.

The company has offices in Germany, United Kingdom, and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. Its portfolio of over 900 international clients spans a wide range of industries, and includes leading international players, such as UniCredit, Telefonica, Sixt, Crédit Agricole Personal Finance and Mobility, BNP Paribas Personal Finance, and Munich Re, as well as digital champions like N26, Solarisbank, Younited, BoursoBank, and Klarna.

Press contact IDnow

Katherina Riesner
[email protected]
+49 89 41324 6030

About IDnow Trust Services AB

IDnow Trust Services AB is a joint venture between IDnow GmbH and ESYSCO Sp. z o.o. The company is a certified Qualified Trust Service Provider (QTSP) under EU Regulation 910/2014 (eIDAS), compliant with the creation and validation of electronic signatures, electronic time stamps, electronic seals, and certificates related to these services.

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As an eIDAS-certified QTSP, IDnow Trust Services AB leads the way in compliance. It provides omnichannel trust services, including Qualified Electronic Signatures (QES), helps customers conduct cross-border business within the EU, and assists companies in the transition to fully digital processes.

¹ The electronic Identification and Signature (eIDAS) regulation defines a QTSP as a natural or a legal person who provides one or more qualified trust services.

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• More than 0.5 million customers already trust the Sanitas portal
• The Chronic Journey included in the app focuses on the detection of high blood pressure with the integration of Lifelight’s remote vital signs technology
• Sanitas empowers users to obtain indicative estimates of their blood pressure via their own mobile device

LONDON, Nov. 5, 2024 /PRNewswire/ — In a groundbreaking next step for preventative care Sanitas partners with Lifelight, a cutting-edge novel technology to bring blood pressure estimates to its private healthcare app users.

With the Sanitas Portal app, over 0.5m customers already have an overview of their insurance and health related benefits.  App users can be rewarded for exercise, check symptoms, get support with mental health, translate complicated doctor’s bills, scan receipts or quickly check coverage. Customers can also receive valuable support from a virtual assistant and a personal advisory team.

Now with the inclusion of Lifelight, Sanitas is taking a proactive approach to further mitigate health risks.  A chronic illness guide within the app focuses on prevention, detection and management of cardiovascular disease (CVD) through early monitoring and pre-emptive intervention.

The Sanitas Portal is available in German, French, Italian and English. It marks the first time that Lifelight offers full language support.

Lifelight, developed by xim Limited, provides the ability for Sanitas customers to easily check their blood pressure themselves at home, with on-screen instructions to guide them. 

As well as providing fast vital signs readings, one of the key benefits of Lifelight is the user experience – zero contact – no uncomfortable cuff, no need to undress, no wearables – users simply look at their mobile device screen for 40 seconds. 

Often more convenient, Sanitas’ customers can access Lifelight securely from the comfort of their homes or remotely – anytime, anywhere.  This is where Lifelight can really scale, driving efficiencies with improved health outcomes.

Commenting on the joint venture, Evelyne Dürr, digital service project manager at Sanitas stated, “Partnering with Lifelight to bring blood pressure estimates to our health insurance customers is an integral step in our preventative care vision.  We want to empower and encourage our customers to become experts of their own health.  Lifelight’s contactless technology can also be used at home to estimate blood pressure. It provides important information for the early detection of high blood pressure.”

Laurence Pearce, Lifelight’s CEO and Founder said, “We’re motivated to work alongside a well-known established healthcare insurance brand, allowing us to scale Lifelight and support Sanitas’ ongoing preventative care programme.  We look forward to reaching more people in Europe through Sanitas’ Swiss customer base, building on our shared aims to empower everyone who wants to, take responsibility for their health that will improve an individual’s wellbeing, cut healthcare costs and ultimately reduce the risk of CVD.”

For further information please contact:

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Suzanne Congdon – [email protected]  https://lifelight.ai/

With over 800,000 insured people and premium income of more than three billion francs, Sanitas (www.sanitas.com)  is one of the largest Swiss health insurers.

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Continued momentum shows banks see behavioral biometric intelligence as a mandatory solution for combatting next-generation fraud, scams, and financial crime

NEW YORK, Nov. 5, 2024 /PRNewswire/ — BioCatch, the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, grew its Q3 annual recurring revenue (ARR) by 40% year-over-year. BioCatch welcomed 31 new customers in the quarter and continues to strengthen relationships with the world’s largest retail banks, achieving a world-class 124% net dollar retention over the last 12 months.

BioCatch’s flagship product portfolio, BioCatch Connect™, continues to fuel the company’s growth. Total ARR from new products grew 165% year over year, driven in part by significant adoption of its mules solution in the APAC region, where BioCatch helped APAC banks shut down more than 150,000 money mule accounts in 2023.

“We remain laser focused on our customers,” BioCatch CEO Gadi Mazor said. “Bad actors never stop innovating, and so we – as an industry – must not either. We believe cooperation among banks, regulators, law enforcement, and vendors is a vital part of this progress and must be foundational to an industry-wide, proactive fraud and financial crime detection and prevention strategy. We’re excited to introduce new initiatives and deliver forward-thinking solutions in the next few months and beyond that we believe will change forever change the fraud and financial crime fighting landscape.”

Other milestones achieved in Q3 include: 

• The official closing of global investment firm Permira’s acquisition of a majority stake in the company.
• The signing of a global deal with a multi-national bank headquartered in Europe.
• Adding 31 new customers to a global roster of 237, including onboarding one of the world’s largest 100 retail banks. BioCatch now serves 34 of the global top-100 banks.
• Onboarding 23 new employees, bringing the total team headcount to more than 340 in 21 different nations.
• Continued and consistent EBITDA growth and zero debt.
• Releasing two highly publicized research reports covering fraud trends in Brazil and Latin America.
• Partnering with the Global Anti-Scam Alliance (GASA) on its The State of Scams in France – 2024 report and Javelin Strategy & Research on a consumer survey covering The Emotional Undercurrent of Financial Scams.
• Co-publishing Financial Crime and 314(b): A Practical Guide to Navigating Information Sharing Obstacles with The Knoble.
• Earning the silver medal in the Best Financial Crime Investigation and Reporting category of Datos Insights’ 2024 Fraud & AML Impact Awards.

About BioCatch:

BioCatch stands at the forefront of digital fraud detection, pioneering behavioral biometric intelligence grounded in advanced cognitive science and machine learning. BioCatch analyzes thousands of user interactions to support a digital banking environment where identity, trust, and ease coexist. Today, 34 of the world’s largest 100 banks and 237 total financial institutions rely on BioCatch Connect™ to combat fraud, facilitate digital transformation, and grow customer relationships. BioCatch’s Client Innovation Board – an industry-led initiative featuring American Express, Barclays, Citi Ventures, HSBC, and National Australia Bank – collaborates to pioneer creative and innovative ways to leverage customer relationships for fraud prevention. With more than a decade of data analysis, 93 registered patents, and unmatched expertise, BioCatch continues to lead innovation to address future challenges. For more information, please visit www.biocatch.com.

PR contact:

Mac King
BioCatch senior comms manager
[email protected]

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