IDnow Trust Services AB Receives Qualification in Digital Signature Market
IDnow partners with IDnow Trust Services AB to provide qualified electronic signatures, time stamps and seals to its customers and beyond.
Partnership Establishment and Certification
IDnow, a prominent identity verification platform provider in Europe, has recently unveiled its partnership with the newly established IDnow Trust Services AB. This collaboration emerged from a joint venture founded early this year, involving IDnow and ESYSCO, a reputable system integrator and technology provider. The joint venture aims to deliver qualified trust services governed by EU Regulation 910/2014 (eIDAS), including qualified electronic signatures, time stamps, and seals.
Revolutionizing the Signing Process
The recognition of IDnow Trust Services AB as a Qualified Trust Service Provider (QTSP) by the Swedish supervisory body, Post-och telestyrelsen (PTS), empowers them to issue, validate, and manage electronic certificates. This entails capturing essential data, performing certificate revocation, and ensuring compliance as a Certificate Authority (CA). The newfound capabilities affiliated with IDnow Trust Services AB are set to enhance the user experience, notably introducing SMS-free signing. This innovation eliminates the necessity for One-Time Password (OTP) codes, thereby driving increased conversion rates and rendering the signing process more efficient.
Leadership in Digital Identity Transformation
According to Andreas Bodczek, CEO of IDnow, the establishment of IDnow Trust Services AB reflects their ongoing commitment to reshaping the digital identity and verification landscape. He emphasizes that trust services are integral to transforming the digital identity market, envisioned under the eIDAS 2.0 framework. This collaboration holds the promise of offering customers a blend of identity verification with trusted services, fostering an efficient experience crucial for their operations across the European Union.
Commitment to Innovation and Reliability
Johannes Leser, CEO of IDnow Trust Services AB, articulates the essence of trust and liability as fundamental to business operations. He asserts that their mission is to deliver innovative, reliable solutions that can revolutionize the European digital signature market anticipated to experience substantial growth in the coming years. With an expected seven-fold expansion by 2030, IDnow Trust Services AB is dedicated to positioning itself as a leader in this rapidly evolving sector.
About IDnow
IDnow stands at the forefront of the identity verification platform industry in Europe. The company strives to create a safer, more connected world through a diverse portfolio of identity verification solutions. From automated processes to human-assisted methods, every solution is tailored for optimal user conversion rates and security.
In 2021, IDnow expanded its capabilities by acquiring ARIADNEXT and Trust Management AG, enhancing its offerings to deliver a comprehensive identification solution through a unified platform. With operational offices across key European countries, IDnow successfully supports over 900 international clients, encompassing renowned players across various industries.
About IDnow Trust Services AB
As a joint venture primarily between IDnow and ESYSCO, IDnow Trust Services AB is recognized as a certified Qualified Trust Service Provider under the eIDAS regulation. The company’s expertise lies in providing omnichannel trust services that facilitate cross-border business within the EU and aid in the transition to a fully digital framework.
Frequently Asked Questions
What services does IDnow Trust Services AB provide?
IDnow Trust Services AB offers qualified trust services, including electronic signatures, time stamps, and seals, ensuring compliance and enhanced user convenience.
Who regulates the operations of IDnow Trust Services AB?
The company is regulated by the Swedish supervisory authority, known as Post-och telestyrelsen (PTS), under EU Regulation 910/2014 (eIDAS).
How does SMS-free signing improve user experience?
By eliminating the need for One-Time Password (OTP) codes, SMS-free signing accelerates the signing process, thereby enhancing conversion rates and ease of use.
What significance does the partnership between IDnow and ESYSCO hold?
This partnership establishes a foundation for innovative trust services, combining strengths in identity verification and electronic signing operations, heralding a new era in digital service delivery.
What future growth is expected for the digital signature market?
The market for digital signatures is projected to expand significantly, with experts anticipating a seven-fold increase by 2030, positioning IDnow Trust Services AB strategically for future innovations.
