Explore the words cloud of the Daego project. It provides you a very rough idea of what is the project "Daego" about.
The following table provides information about the project.
PXL VISION AG
|Coordinator Country||Switzerland [CH]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
|Duration (year-month-day)||from 2019-11-01 to 2020-04-30|
Take a look of project's partnership.
Fraud due to Digital ID (Identity) thefts is a huge economical and security problem for organizations. As a token, in 2018 American companies lost $3.4 billion in new accounts fraud. Furthermore, Digital ID fraud undermines digital engagement as users do not trust their Digital ID security. A secured system of Digital ID Verification is mandatory to drive digital growth. However, while Digital users demand better security, they are frustrated by the current Digital ID verification methods. 43% of digital users think that Digital ID verification solutions are cumbersome and are saying NO to current procedures to verify their Digital ID. The challenge is to build a secure, fully automated and user-friendly Digital ID verification for customer on-boarding. PXL Vision AG has developed a proven solution is Daego, a modular, user-centric, fully automated, scalable and secure software platform that best optimizes company resources and UX for customer on-boarding. Based on unique technical features that go beyond state-of-the-art, the deployment of DAEGO has huge benefits for users: 100% reduction of fraud; >75% reduction in customers on-boarding cost; BIG increase in customer digital engagement; as little as one week for deployment; low implementation risks proven in leading industrial verticals. The business opportunity is huge: the Digital ID Verification market size is expected to grow from $6.0 billion in 2019 to $ 12.8 billion by 2024, at a CAGR of 16.0%. Market drivers are the rising number of identity frauds, stronger regulations on general data protection, enterprise mobility and BYOD (bring-your-on- device) trend. Created for entrepreneurs with strong technical and business experience, PXL Vision has become in two years in the market, a reference for Digital ID verification in Switzerland, with a filed patent with more than 40 claims, backed-up by key investors and winner of the most prestigious Swiss entrepreneurial awards in 2019.
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The information about "DAEGO" are provided by the European Opendata Portal: CORDIS opendata.
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