05.18.18
G+D Mobile Security and IDnow GmbH entered into a partnership with the aim to develop AI-driven biometric and security technologies. A first result of this cooperation is the development of a fully automatic remote identification solution for international markets.
G+D Ventures, the Corporate Venture unit of Giesecke+Devrient, took a minority stake in IDnow as part of a multi-million Euro investment to enable the acceleration of research and development and international expansion, thereby increasing the financing of the Munich-based growth company to more than €10 million.
The volume of the global market for the onboarding and management of digital identities is estimated at more than €10 billion. Digital identities are a key factor in creating confidence in the digital economy of the future: market developments such as the regulation in the finance sector, digitization of business and e-government processes as well as ever increasing requirements with regard to data privacy and customer experiences will foster the need for new, global solutions to ensure the simple, secure and reliable management of digital identities.
“We are pleased that Giesecke+Devrient places its trust in us and that we will jointly provide biometric and AI-based products for digital identification. With its global presence and expertise, G+D is the ideal partner for IDnow. We set the highest value on the reliability and efficiency of our products, combined with a superior customer experience,” IDnow CEO Rupert Spiegelberg said.
“In our focus markets payment and connectivity, the secure management of identities is key to creating customer confidence. A great digital customer journey starts with secure and convenient onboarding. We are very excited to partner with IDnow to complete our offering for secure remote identification,” added Carsten Ahrens, CEO of G+D Mobile Security. “In our partnership, we are combining G+D’s global expertise with IDnow’s leading edge identity platform. And we are moving fast – in fact, the first joint customer projects have already been launched.”
G+D Ventures, the Corporate Venture unit of Giesecke+Devrient, took a minority stake in IDnow as part of a multi-million Euro investment to enable the acceleration of research and development and international expansion, thereby increasing the financing of the Munich-based growth company to more than €10 million.
The volume of the global market for the onboarding and management of digital identities is estimated at more than €10 billion. Digital identities are a key factor in creating confidence in the digital economy of the future: market developments such as the regulation in the finance sector, digitization of business and e-government processes as well as ever increasing requirements with regard to data privacy and customer experiences will foster the need for new, global solutions to ensure the simple, secure and reliable management of digital identities.
“We are pleased that Giesecke+Devrient places its trust in us and that we will jointly provide biometric and AI-based products for digital identification. With its global presence and expertise, G+D is the ideal partner for IDnow. We set the highest value on the reliability and efficiency of our products, combined with a superior customer experience,” IDnow CEO Rupert Spiegelberg said.
“In our focus markets payment and connectivity, the secure management of identities is key to creating customer confidence. A great digital customer journey starts with secure and convenient onboarding. We are very excited to partner with IDnow to complete our offering for secure remote identification,” added Carsten Ahrens, CEO of G+D Mobile Security. “In our partnership, we are combining G+D’s global expertise with IDnow’s leading edge identity platform. And we are moving fast – in fact, the first joint customer projects have already been launched.”