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G&D, IDnow combine know-how to develop secure digital ID solutions

May 21, 2018

G&D Mobile Security and IDnow GmbH have announced plans to combine their expertise and resources in a partnership that aims to develop AI-driven biometric and security technologies.

A first result of this cooperation is the development of a fully automatic remote identification solution for international markets.

G&D Ventures, the corporate venture unit of Giesecke & Devrient, took a minority stake in IDnow as part of a multimillion euro investment meant to accelerate R&D and international expansion, a press release said.

The volume of the global market for the onboarding and management of digital identities is estimated at more than 10 billion euros. Regulation in the finance sector, digitization of business and e-government processes, and requirements in data privacy and customer experience will demand new, global solutions to ensure the simple, secure and reliable management of digital identities, the release said.

"In our focus markets [of] payment and connectivity, the secure management of identities is key to creating customer confidence," G&D Mobile Security CEO Carsten Ahrens said in the release. "A great digital customer journey starts with secure and convenient onboarding. We are very excited to partner with IDnow to complete our offering for secure remote identification … And we are moving fast — in fact, the first joint customer projects have already been launched."