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Signicat acquires Encap Security to create Mobile Identity and Authentication Powerhouse

With the acquisition, Signicat is a complete technology and service provider offering a passwordless mobile identity solution that supports 100% onboarding, authentication and signing across the entire customer lifecycle with state-of-the-art securityTrondheim and Oslo, Norway—2nd June, 2021: Signicat, the Trusted Digital Identity™ company, has acquired Strong Customer Authentication (SCA) specialist Encap Security from AllClear ID.

Daniel lowtherAsger hattelTrusted digital identityStrong customer authenticationEncap securityAuthentication profilesDigital identity platformடேனியல் தாழ்வானஅஸ்கெர் ட்தேல்நம்பகமான டிஜிட்டல் அடையாளம்வலுவான வாடிக்கையாளர் அங்கீகாரடிஜிட்டல் அடையாளம் நடைமேடை

EU financial institutions lose over €5bn every year on customer acquisition

24 February 2021 16:40 GMT Signicat, a digital identity company, today revealed new analysis by P.A.ID Strategies that shows financial institutions are wasting at least €5.7 billion every year due to poor customer onboarding and abandonment. The analysis follows the release of Signicat’s regular report into the state of financial services onboarding, The Battle to Onboard 2020. This year’s report was the worst for the industry since it debuted in 2016, with 63% of consumers in Europe abandoning financial applications in the past year. This is a sharp increase of 23 percentage points from the abandonment rate in 2019. To understand the financial implications of such a high abandonment rate on institutions’ cost of acquisition, Signicat commissioned specialist research firm P.A.ID Strategies to build a model using primary data from European banks and the abandonment rate uncovered by the Battle to Onboard survey.

John devlinAsger hattelBiometric news and informationஜான் டெவ்லின்அஸ்கெர் ட்தேல்பயோமெட்ரிக் செய்தி மற்றும் தகவல்

European financial institutions lose over €5bn every year on customer acquisition

European financial institutions lose over €5bn every year on customer acquisition
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United kingdomJohn devlinAsger hattelSapio researchTrusted digital identityஒன்றுபட்டது கிஂக்டம்ஜான் டெவ்லின்அஸ்கெர் ட்தேல்சப்பிிஓ ஆராய்ச்சிநம்பகமான டிஜிட்டல் அடையாளம்