Amsterdam-based Ver.iD, an SaaS platform for digital identification verification, has introduced the elevating of €2 million in angel funding as a way to develop forward of the current eIDAS 2.0 regulation.
Trying forward from this current funding, the platform is making ready for a brand new €4 million funding spherical to speed up its European development.
“In a time when AI-driven fraud and information breaches dominate the information, Ver.iD permits corporations to obtain solely the required buyer information. This ensures privateness whereas making onboarding and verification processes sooner, safer, and extra user-friendly,” says Robert van Altena, co-founder of Ver.iD.
Based in 2022, Ver.iD supplies corporations and governments with an easy-to-integrate resolution for digital identification verification. Totally compliant with present safety requirements, together with ISO27001, NIS2, and DORA, Ver.iD permits customers to find out what data they share whereas making certain a seamless expertise for organisations.
2024’s introduction of eIDAS 2.0, the brand new European regulation for digital identification, has elevated the urgency to implement safe and user-friendly options. By 2026, private and non-private organisations, together with banks, vitality suppliers, and insurers, shall be required to combine digital ID apps into their processes.
Ver.iD is planning to be key participant on this transformation by providing an answer that ensures compliance whereas combating fraud, minimising information breaches, and enhancing the person expertise.
Ver.iD has drawn comparisons to Adyen, a fellow Dutch firm that permits companies to simply accept e-commerce, cell, and point-of-sale funds. Ver.iD says that “Simply as Adyen helps companies combine a number of cost strategies and permits prospects to decide on their most popular cost methodology, Ver.iD presents the same service for identification apps. The platform permits corporations to seamlessly combine ID wallets and digital identification strategies, whereas prospects retain the power to pick out their most popular identification app.”
Ver.iD’s platform is already getting used for each experimental (‘change’) and day-to-day (‘run’) operations by main organisations, together with:
- Verbond van Verzekeraars and Nationale Nederlanden: Simplifying processes like automobile insurance coverage functions by digital identification as an alternative of bodily paperwork.
- Municipality of Nijmegen: Optimising digital onboarding and repair supply with the addition of eID performance.
- Compliance sensible: Serving to round 200 accounting companies adjust to buyer identification rules.
Moreover, pilots are being carried out in collaboration with the Chamber of Commerce to unlock authorisation information for executives by ID wallets.
The platform doesn’t retailer buyer information and offers customers management over the data they share. Every ID app is fastidiously reviewed to satisfy Ver.iD’s excessive requirements, making certain most safety and safety towards information breaches.
A Program Supervisor for Digital Identification at one of many central authorities registers commented: “Ver.iD combines safety, ease of use, and scalable integration into one highly effective enterprise resolution. It’s a necessary companion for companies making ready for the calls for of eIDAS 2.0.”
“We’re pleased with the belief our traders and purchasers have positioned in us,” says Van Altena. “Our objective is to change into a world market chief and set the usual for digital identification in Europe.”
