FinLab AG: FinLab holding AUTHADA receives certification from the German Federal Office for Information Security (BSI)

AUTHADA is revolutionizing existing identification processes with its highly integrated cybersecurity products. Customer identities can be detected extremely quickly in accordance with the law via the electronic identity (eID) of the identity card and thus form the basis for digital transformation in companies.

"We are very pleased to provide the certification. AUTHADA GmbH is the first company to receive the BSI certification for their eID core solution. This solution enables companies to integrate the online ID card feature directly into their own apps," said Bernd Kowalski, BSI's departmental president for cybersecurity in digitization, certification and standardization.

"The goal was to provide a high level of quality and safety while keeping the focus on user-friendliness," emphasizes AUTHADA CEO and founder Andreas Plies.

The AUTHADA eID-Core is an elementary component of the identification solutions offered by AUTHADA and enables the mobile identification of customers in just a few moments. The sovereign master data electronically stored in the electronic identity card (eID) are read out and transmitted in accordance with the law within a few seconds with the AUTHADA app. The readout process can be done via a standard smartphone or tablet. The prerequisite for this is a Near Field Communication (NFC) interface in the device used.

This saves the customer from the tedious ways of identifying via PostIdent and video legitimation. In addition to the fully automated and fast on-boarding and KYC processes, companies benefit from compliance with existing regulatory requirements such as the Money Laundering Act, GDPR, PSD2 and eIDAS.

FinLab director Stefan Schütze: "With the certification from the BSI we are delighted to receive another confirmation for the quality of the underlying technology and the security concept at AUTHADA. This allows us to further differentiate ourselves from providers of existing identification solutions that are nowhere near approaching the safety standard of AUTHADA.

In addition to convenient identification via the AUTHADA app, AUTHADA also offers a solution with the onsite product, which can be used without a personal ID PIN at the point of sale for fast and uncomplicated transmission of customer identity. "Customer identities can be identified extremely fast in bank branches or in brick-and-mortar retailing, thus meeting the legal requirements of the AMLD, TKG and KWG," adds AUTHADA CEO and founder Jörg Jessen.

The success shows that the technology developed by AUTHADA for the secure mobile application of electronic identification is one of the most innovative and promising technologies in the banking, insurance, transport and logistics, e-commerce, stationary and telecommunications markets.

About AUTHADA GmbH:
AUTHADA GmbH is a cybersecurity startup and spin-off of the Darmstadt University of Applied Sciences, founded in May 2015. AUTHADA's eID core solutions use the electronic identity of the ID card by means of a mobile or stationary terminal to verify natural persons in seconds. Legally secure on the basis of German and EU legislation, as well as application-safe due to the certification of these solutions by the Federal Office for Information Security (BSI).

Press contact:
AUTHADA GmbH
info@authada.de
https://authada.de
Telephone: +49 6151 2752 500
 

About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest company builders and investors focused on the Financial Services Technologies ("FinTech") sector. FinLab focuses on developing German FinTech start-ups and providing venture capital for their financial needs, whereas in each case the aim is a long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in FinTech companies, primarily in the USA and Asia.

Press contact:
FinLab AG
investor-relations@finlab.de
http://www.finlab.de
Telephone: +49 69 719 12800