Opendata, web and dolomites

IDAaaS SIGNED

Trusted online service for identity assurance

Total Cost €

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EC-Contrib. €

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Partnership

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Project "IDAaaS" data sheet

The following table provides information about the project.

Coordinator
SIGNICAT AS 

Organization address
address: GRYTA 2b
city: TRONDHEIM
postcode: 7010
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Norway [NO]
 Project website https://www.signicat.com/identity-assurance-service/
 Total cost 1˙940˙661 €
 EC max contribution 1˙358˙462 € (70%)
 Programme 1. H2020-EU.3.7. (Secure societies - Protecting freedom and security of Europe and its citizens)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2017
 Duration (year-month-day) from 2017-10-01   to  2019-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SIGNICAT AS NO (TRONDHEIM) coordinator 1˙358˙462.00

Map

 Project objective

The financial services (FS) industry is undergoing the biggest transformation in its long history: the FS rapidly changing environment is becoming a digital business and regulators across the globe want to open the market to competition enforcing, at the same time, ever-stricter legislations for online transactions like the upcoming EU Anti-Money Laundering Directive 4 (4AMLD) and Payment Services Directive 2 (PSD2) for the prevention of identity theft and financial fraud, including tax avoidance, money laundering and terrorist financing. Know-your-customer (KYC) is a legal obligation for online onboarding into financial services: to ensure that the person claiming a particular identity is in fact this person. To this end, the EU adopted eIDAS Regulation on electronic identification and trust services for electronic transactions. Nevertheless, eIDAS provides a regulatory environment with three assurance levels (low, substantial and high) but it is up to the Member States to define both the tools needed for each assurance level and the associated financial services allowed per level. This has resulted in a fragmented landscape of electronic identity and complicated procedures. This is a barrier for people and companies to online access to national and cross-border financial services, hindering as well the development of the FS industry in Europe as a digital single market. Signicat is the first identity assurance as a service provider to the financial industry in the Nordic countries. Our main innovation is the integration of different tools for identity assurance to help financial institutions to comply with legislation while simplifying user’s online onboarding through one-stop-shop. With IDAaaS Phase 2 we will further develop our Toolbox to properly meet national requirements in other European countries, and to also develop new eID assurance services to take advantage of the new business opportunities open up next year by the upcoming PSD2.

 Deliverables

List of deliverables.
IDAaaS project website Websites, patent fillings, videos etc. 2019-05-08 12:14:40

Take a look to the deliverables list in detail:  detailed list of IDAaaS deliverables.

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The information about "IDAAAS" are provided by the European Opendata Portal: CORDIS opendata.

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