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FinLab AG: VisualVest integrates eID Service from AUTHADA

09-03-20
DGAP-Media: FinLab AG: VisualVest integrates eID Service from AUTHADA


DGAP-Media / 09.03.2020 / 10:00

Darmstadt/Frankfurt, March 9th, 2020 - The eID service from AUTHADA is now available to VisualVest customers for digital identification. Thanks to the integration, new VisualVest customers can digitally identify themselves with AUTHADA within seconds when opening a securities account. AUTHADA is a portfolio company of Frankfurt-based FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR).

The integration of AUTHADA's eID service into VisualVest's onboarding process enables new customers to digitally identify themselves within seconds. New investors answer several questions about liquidity, risk appetite and experience specifically with investment funds via the digital asset manager's online platform. Based on the individual preferences of each investor, VisualVest recommends a tailored investment strategy. Before a new securities account is opened, each new investor must identify himself. At this stage in the onboarding process, VisualVest now relies on AUTHADA's solution: New customers are guided through the digital identification process in a few simple steps via AUTHADA's identification portal Connect. In the end, each user can be identified within seconds via app, electronic identity card and a corresponding PIN.

VisualVest was founded in 2015 as a wholly owned subsidiary of the Union Investment Group and thus combines the financial expertise of one of the leading investment companies in Germany with the flexibility and speed of a FinTech start-up. The integration of the eID solution from AUTHADA is therefore a logical further development for the digital asset manager. With the app integration of the digital identification solution, VisualVest offers its customers the fastest and safest way to identify themselves while opening a securities account.

As a Robo Advisor - that is, as a digital asset manager - VisualVest takes advantage of the fact that there is a wealth of tasks related to financial consulting and asset management today that can be automated with intelligent software. Ultimately, all interactions with the customer are online and entirely digital.

"With the AUTHADA-App nothing stands in the way of an even easier opening of a portfolio", Marco Zohren, Head of IT at VisualVest GmbH is convinced. "We are very happy that we can now offer our customers another identification option in addition to the Video-Ident process. This suits us and our target group, who want to manage their investments digitally and easily. With the AUTHADA app, all data from the electronic identity card is automatically transferred - which significantly speeds up the authentication process". Andreas Plies, CEO and co-founder of AUTHADA, adds, "the integration of our solution at a digital asset manager like VisualVest confirms that our fully digital identification solutions represent the future. Onboarding processes have to take place without disruption, within seconds and securely - AUTHADA meets all of these requirements".

The identification solution from AUTHADA meets all requirements of the Anti-Money Laundering Act (AMLA), the German Banking Act (KWG) and the Federal Office of Administration (BVA). The AUTHADA solution also guarantees the highest level of security and is certified by the German Federal Office for Information Security (BSI).
 

About AUTHADA GmbH:
AUTHADA is a Darmstadt-based cybersecurity startup founded in May 2015. AUTHADA's identification solutions build on the electronic identity card's eID functionality. With the help of a mobile or stationary NFC-enabled smartphone, people can be identified in seconds remotely or on site. The company is legally compliant in accordance with German and EU legislation and user compliant based on the certification of identification security solutions by the German Federal Office for Information Security (BSI). With its eID service, AUTHADA now offers a leading technology that has already been implemented by a range of well-established customers. AUTHADA is an ISO/IEC 27001 certified company since October 2019. This international information security standard ensures that AUTHADA complies with extensive information security requirements and conforms with stringent data protection measures.

Press contact:
AUTHADA GmbH
Ruth Weber
presse@authada.de
Phone: +49 6151 2752 500
www.authada.de


About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. FinLab focus in this context is providing venture capital for start-ups. FinLab's aim is a long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.

Press contact:
FinLab AG:
investor-relations@finlab.de
Phone: +49 69 719 12 80 0
www.finlab.de



End of Media Release


Issuer: FinLab AG
Key word(s): Finance

09.03.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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