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Signicat supports MyBank
Signicat supports MyBank

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MyBank sharp transaction growth in 2016

The Paypers reports on the current status and achievements of MyBank in 2016. "The Pan-European electronic authorisation solution witnessed a year-on-year volume increase of 112% compared to 2015. Transactions worth EUR 6 million were authorised via MyBank on average per day. The number of merchants offering and using MyBank also saw a considerable increase, going up by more than 35% in 2016 compared to the previous year.

MyBank is often used for the authorisation of transactions in the B2B area, especially in the insurance and travel business, and in public administration. Individual transaction values in the B2B context can reach more than EUR 100,000."

Signicat has successfully been involved in a PoC with MyBank and the MyBank Identity Verification is planned to go live in Q2 2017.

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Digital Identity on Demand

Signicat is one of the leading providers of electronic identity and electronic signature solutions in Europe. The company, founded in 2007, delivers online trust based services to the public and private sector globally.

The solutions fulfill operational capabilities in line with international standards and requirements, such as Privacy, Anti-Money Laundering (AML) and Anti-Terrorist legislation and regulations, as well as Know Your Customer (KYC) requirements for onboarding of new users.

Signicat offers some of the most advanced solutions for electronic identity and electronic signatures. The goal is to enable customers to do business more effectively by delivering great user experiences for the end users and at the same time reduce the risk by using advanced security technology.

The Signicat solutions are used by banks and financial institutions, insurance companies, government agencies and large corporations as well as small and medium sized businesses. Customers trust Signicat with the responsibility of authenticating users, providing electronic signing, identity proofing and document preservation.

Signicat AB
Kornhamnstorg 53, 5tr