Skip to content

Bank iD System Incorporated by Signicat

Investigate the advantages of using Signicat ID in combination with the newly implemented Czech Bank iD, which boosts digital identity solutions across Europe.

Bank iD System Now Part of Signicat's Offerings
Bank iD System Now Part of Signicat's Offerings

Bank iD System Incorporated by Signicat

In a significant move, Signicat, a leading European digital identity solutions provider, has integrated Czech Bank iD into its eID Hub. This integration offers businesses secure, seamless, and flexible access to a widely used bank-issued electronic identification system in the Czech Republic.

Czech Bank iD, a secure e-identification system used by over 4.6 million people in the Czech Republic, is now available within Signicat's eID Hub. This integration allows businesses to smoothly onboard and authenticate customers using a trusted local digital ID accepted by the majority of users, enhancing user convenience and trust.

Key benefits include improved customer experience, regulatory compliance and security, seamless integration, and access to a large user base. Customers can use a familiar and secure digital ID for identification, simplifying online transactions and reducing friction during onboarding or verification processes. Czech Bank iD is a bank-issued eID, which implies strong security and compliance with local authentication regulations, helping businesses meet Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements efficiently.

Signicat’s eID Hub enables businesses to integrate Czech Bank iD alongside other European digital identity schemes in a unified platform, reducing complexity and costs for companies operating cross-border or planning regional expansion. Since Czech Bank iD is widely adopted in the Czech market, businesses gain direct access to a large segment of digitally enabled customers through a trusted, familiar login method.

This integration is advantageous for companies in sectors such as finance, insurance, health care, and automotive that require secure and rapid identity verification. Knowing someone is authorized to agree on an insurance contract is crucial at the point of quote. For insurance brands, the rapid rollout of verified signatures and customer ID tools is an essential part of the digital policy inception process.

Signicat's latest product, Signicat Mint, a no-code platform for designing, building, and deploying digital identity processes, is also set to benefit from this integration. The integration of mojeID System into Signicat's portfolio, making it the first international aggregator to do so as Poland moves towards digital ID for all citizens and transactions, further expands Signicat's reach in the region.

In summary, integrating Czech Bank iD through Signicat's eID Hub helps businesses reduce onboarding friction, enhance security and compliance, and scale more easily within the Czech Republic and across Europe using a consolidated identity platform.

[1] Signicat Press Release, [Date], [URL] [2] Signicat Blog Post, [Date], [URL]

Read also:

Latest

Internet's Demise: Preserving Its Legacy – What Are Our Options?

The Web's Demise: Praying for a Way to Honor Its Legacy

Each episode this week presents a rebroadcast of "The Sum of Our Data." This discussion delves into the data we regularly produce and the narratives it reveals. From the origins of data mining, to the erosion of our privacy, and the persistent existence of our personal online information. A...