Did you know that over a third of fraud attempts targeting financial institutions now use AI? Unfortunately, traditional identity verification methods are often cumbersome and susceptible to fraud. Prevention is better than cure, and that’s where Signicat comes in. Signicat addresses critical pain points for insurers by streamlining their customer onboarding process (reducing it by up to 90%), minimising fraud through robust identity checks, and ensuring compliance with regulatory requirements. This allows insurance companies to enhance customer experience, improve operational efficiency, and mitigate risks associated with identity fraud.

Signicat’s comprehensive digital identity platform integrates 35+ electronic identity (eID) schemes across multiple countries, offering a unique cross-border solution. Its digital approach ensures a streamlined, secure, and user-friendly experience.

How it works

Signicat Mint is a no-code platform that allows businesses to create and manage compliant digital identity workflows without extensive programming knowledge. It enables its users to design, deploy, and optimise identity verification processes quickly and efficiently, integrating various identity proofing and authentication methods.

Signicat Mint is a new self-service product launched to help its companies design, build, and deploy secure end-user business flows. No need for integration, simply drag and drop the components needed in a no-code visual editor. Signicat’s Digital Identity solutions (identity proofing, authentication, signing, and fraud detection) are integrated.

Designed for companies with stringent compliance and security requirements but relatively straightforward use-case complexities, its most common use cases are identification, customer and company onboarding, and contract signing. Ideal for financial services, fintech, insurance companies, and more.

Why we selected Signicat for ITC DIA Europe?

The trend of no-code digital (identity) solutions is expected to continue – simplifying building applications. Signicat contributes with Signicat Mint, and its first-of-its-kind drag-and-drop visual business flow builder. Robin Wilgott, Product Manager of Mint and Pinar Alpay, Chief of Product and Marketing took the stage at ITC DIA Europe Amsterdam to demo their solution Signicat Mint.

Signicat has already established partnerships with leading insurers such as the Nordics’ largest non-life insurance company ‘If Insurance’ and has been recognised for its innovation, this year alone winning the Cybersecurity Excellence award in the Fraud Prevention Category and Pan Finance’s ‘Best Digital Identity Solutions Provider Europe’. Signicat has also been placed in the Financial Times FT1000 Europe’s fastest growing companies of 2024.

Who is Signicat?

Signicat was founded in 2006 and is missioned to build technology so that people can trust each other in a digital world. Its Digital Identity Platform incorporates an extensive suite of identity-proofing, authentication, fraud prevention and signing systems, all accessible through a single integration point. Signicat offers a wide Digital Identity product portfolio and has a high Electronic Identification coverage with more than 35 eIDs in its eID Hub. Currently, Signicat is operational in over 44 countries and serves numerous insurance companies, enhancing their customer acquisition and retention strategies.

Key partners and investors include Nordic Capital and Secure Identity, contributing to the company’s growth and expansion. Over the years, Signicat has raised significant funding to enhance its offerings and expand its geographical footprint. The company is in an advanced development phase, serving numerous industries including banking, insurance, and government, with a strong focus on secure and compliant digital identity verification, authentication and electronic signing solutions.

“Our mission is to create a trusted digital world where companies can grow well protected against fraud while increasing their digital customer conversion, interacting with their customers in a safe and secure way, offering an outstanding user experience through fast onboarding, and do it seamlessly across the countries where they operate.” - Asger Hattel, CEO at Signicat