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Opendata, web and dolomites

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 €

EC-Contrib. €

Partnership

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Daego project word cloud

Explore the words cloud of the Daego project. It provides you a very rough idea of what is the project "Daego" about.

claims pxl regulations software patent 2024 verticals ag optimizes enterprise solution benefits stronger ux drive switzerland little customers byod mobility filed business boarding mandatory think 6 2018 week companies 43 entrepreneurs undermines protection trust cagr swiss saying 16 0 id secure grow american scalable deployment size token fraud gt solutions cumbersome verify verification 3 vision backed digital secured rising lost 2019 economical 75 identity accounts engagement industrial winner reference proven opportunity security modular thefts entrepreneurial 12 huge investors drivers company device customer billion prestigious risks 100 automated frauds demand platform big frustrated daego market awards created data trend centric

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 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.	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.