Access to innovative electronic identity and signature solutions enables FinTech startups to immediately comply with KYC/AML regulations

Signicat, the first and largest identity assurance provider in the world, today announced its FinTech Starter Pack to help new FinTech companies ensure immediate regulatory compliance. The package, specifically designed with the needs and budgets of FinTech companies in mind, will include access to Signicat’s Assure, Connect and Sign services, allowing startups comply with KYC and AML legislation to rapidly onboard customers, achieve increased sales and profitability and build customer trust.

“FinTech companies need to establish the trust that incumbents have built up over decades and part of that is ensuring that compliance systems are as robust as they possibly can be. But these companies can quickly find that developing this infrastructure themselves becomes a nightmare, draining time, resources, and affecting business outcomes.” said Gunnar Nordseth, CEO, Signicat. “By providing customer on-boarding, KYC and document signing Signicat allows FinTech companies to take advantage of systems that have already undergone regulatory approval and are currently being used across the globe. We’re dedicated to innovating in the areas of electronic identity and signatures, and to offer customers solutions that enable them to offer their products and services in new and innovative ways. This starter pack is very much part of that.”

“With so many aspects of running a business to think about, assistance with the regulatory compliance process can provide a lifeline for a startup,” said Esben Bistrup Halvorsen, CEO & partner at Danish FinTechLendino. “Compliance is a very difficult issue to get around, and the fact that Signicat is offering its help through this initiative is a significant move within the industry.”

“Signicat’s solutions are a core part of our crowdfunding offering, as they allow us to offer businesses and investors ways to organise cross-border funding rounds quickly and easily,” said Lasse Mäkelä, CEO at Finland-based Invesdor. “Partnering with Signicat for authentication services was a simple process, and has already led to dozens of successful funding rounds for our platform.”

Signicat specializes in cross border cloud based electronic identity services and electronic signatures. The FinTech Starter Pack includes access to the eID infrastructures in Denmark, Norway, Sweden and Finland, with more markets to follow, allowing companies to easily implement support for strong identification, transaction and document signing.

The Signicat FinTech Starter Pack includes:

• Signicat cloud services for on-boarding, authentication and digital signing
• Full access to crossbordereID testing and production environment
• Maximum 500 transactions per month in testing and production environment
• First month free of charge
• Price is €149 per month thereafter

More information can be found at www.signicat.com/we-love-fintech