FinLab AG: comdirect now also uses AUTHADA for current account openings

The cooperation between comdirect bank AG and AUTHADA GmbH continues to grow. Since last year, the online bank has been using AUTHADA's identification solution for the E-Ident procedure in the context of opening a custody account, and the range of services is now being expanded. With immediate effect, comdirect customers can also identify themselves with AUTHADA for the opening of current accounts.

Frankfurt/Darmstadt, August 19, 2019 - As one of the leading direct banks, comdirect bank AG last year integrated the identification solution of AUTHADA, a portfolio company of FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR), as the first online bank into its app. With the e-ident procedure, it has been possible to open a custody account purely digital. True to its motto "Rethinking the bank", comdirect is pushing ahead with its role as innovation leader and is now also integrating the AUTHADA solution into the application process for opening a current account.

As in the case of the opening of the depot, it relies on AUTHADA's White Label SDK. AUTHADA's identification solution is fully integrated into comdirect's app and corporate design. With this integration, the direct bank allows its customers to identify themselves particularly quickly, securely and without media discontinuity. For the customer opening a current account with comdirect, this means: identification within seconds with the AUTHADA solution, uncomplicated and directly in the comdirect App. Like the complete comdirect service itself, remote identification is available from anywhere at any time of the day or night. For digital identification, the user only needs his electronic ID card, the corresponding PIN and an NFC-enabled Android smartphone.

"We are very pleased that the extraordinarily positive cooperation with comdirect bank AG has continued to grow in the past with today. The figures for identification with AUTHADA, within the comdirect app at the opening of the custody account, have increased steadily over the past eight months and therefore show that the partnership is continuing to grow," says Andreas Plies, Managing Director and co-founder of AUTHADA GmbH. Matthias Hach, comdirect board member, adds: "We are pleased that we can now also use the e-ident procedure for opening current accounts. The completely digital identity verification makes the lives of our customers freer and simpler - and that is precisely our goal as a smart financial companion."

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

About AUTHADA GmbH:
AUTHADA is a Darmstadt cybersecurity startup and spin-off of the Darmstadt University of Applied Sciences founded in May 2015. AUTHADA's identification solutions are based on the eID functionality of the new ID card. Using a mobile or stationary NFC-enabled terminal device, people can be identified remotely or on site in seconds. Legally compliant on the basis of German and EU legislation as well as application compliant due to the certification of these solutions by the Federal Office for Information Security (BSI).

+++ iOS App from AUTHADA will be available in the App Store in September +++

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 company builders and investors focused on the Financial Services Technologies ("FinTech") sector in Europe. FinLab focuses on developing German FinTech start-ups and providing venture capital for their financial needs, whereas in each case the aim is a long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in FinTech companies, primarily in the USA and Asia.

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