Expanding Digital Options: Incorporation of Bank iD by Signicat into their service offerings.
Signicat Integrates Czech Bank iD for Secure and Compliant Digital Identity Verification
Signicat, a leading provider of digital identity solutions, has announced the integration of Czech Bank iD into its eID Hub. This integration offers companies operating in or expanding into the Czech Republic a secure, rapid, and remote identity verification capability.
Czech Bank iD is a widely used secure eID system issued by Czech banks, trusted by over 4.6 million users. With this integration, Signicat provides businesses in sectors like finance, insurance, health care, and automotive with the ability to onboard customers, employees, or students remotely in just a few seconds.
The integration reduces the technical integration effort for companies, making it easier for them to adopt this identity verification method. The use of Czech Bank iD is compliant with Czech anti-money laundering (AML) regulations, ensuring businesses comply with local regulatory requirements for secure digital identity verification, particularly important for sectors with strict identity and KYC (Know Your Customer) demands like banking and insurance.
Key benefits of this integration include access to a widely used secure e-identification system, remote onboarding and verification, compliance with local regulatory requirements, seamless integration with a portfolio of over 36 digital identity methods within Signicat’s platform, and secure, compliant, and cross-border digital identity verification.
The Bank iD flow supports a seamless implementation of AML and KYC requirements, while the integration accelerates processes such as onboarding, authentication, and signing. Czech Bank iD offers reliable authentication at the bank level, and the integration provides companies with a streamlined solution for verifying identities while adhering to regulatory requirements.
This integration further strengthens Signicat's leading position in the European digital identity market, creating new opportunities for companies operating in or expanding into the Czech Republic. With this integration, Signicat has expanded its eID Hub to include Czech Bank iD, facilitating over 54 million transactions.
Industries with high demands for secure identity verification, such as financial services and insurance, will particularly benefit from this integration. The integration of Czech Bank iD into Signicat's eID Hub offers a reliable, secure, and compliant solution for digital identity verification in the Czech Republic.
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