Signicat and yes.com collaborate for digital identity service

Daniel Goldscheider, co-founder and CEO of yes.com

Norway-based Signicat, a digital identity provider platform and yes.com, a new identity scheme launching in Germany, have partnered to integrate the yes.com open banking scheme into the Signicat Digital Identity Platform. This partnership is aimed at streamlining secure customer on-boarding, easy authentication and electronic signing for users of the scheme.

yes is a one-stop-go authentication scheme that removes the need for additional login by providing companies and their customers with a secure and simple form of authentication and legally secure authentication.  This scheme is open for banks, service providers, businesses and customers.

The scheme is soon to be made available to 35 million users in Germany and customers will be able to use their online banking details as a yes-enabled login and digital ID. The scheme is made to be compliant European Union’s Payment Services Directive 2 (PSD2) and eIDAS Electronic Identification and Trust Services Regulations.

“A big issue that digital identity schemes often have to overcome is they need to do two things at once—convince consumers to sign up, and convince businesses to accept the scheme,” said Gunnar Nordseth, Signicat CEO. “With around 35m users able to use yes without signup, it’s a service that is already some way to solving half of this tricky problem.”

This said scheme is being made available to businesses in Germany with Signicat’s platform.  Founded in 2007, the company operates the largest digital identity hub in the world, offering a complete identity platform to reduce compliance in highly regulated industries. Businesses within Germany and their customers can connect to the yes.com service through the Signicat platform and benefit from secure, verified customer on-boarding, authentication and electronic signing services, using customers’ existing credentials through their chosen online banking services.

“Today’s consumers are used to social media logins granting access to services quickly and simply,” says Daniel Goldscheider, co-founder and CEO of yes.com, “We want to create that same level of ease but only for users we know we can trust—authorising payments, signing contracts, and more through a simple one-button interface. PSPs have had tremendous impact in the Payment space, and we see Signicat as well positioned to replicate their success in the identity space.”

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