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Daego SIGNED

Secure, reliable machine learning based technology platform for the creation and authentication of Digital Identities to enable safe digital transactions across Europe

Total Cost €

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EC-Contrib. €

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Partnership

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Project "Daego" data sheet

The following table provides information about the project.

Coordinator
PXL VISION AG 

Organization address
address: GENERAL-WILLE-STRASSE 8
city: ZURICH
postcode: 8002
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 Switzerland [CH]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 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)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-11-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PXL VISION AG CH (ZURICH) coordinator 50˙000.00

Map

 Project objective

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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