The bank service provider Kapilendo has integrated the certified eID service of AUTHADA into the application process of the new instant credits for medium-sized companies. Entrepreneurs who apply for the KfW instant credit may not only submit this application online, the integration of AUTHADA also enables a fully digital AMLA-compliant identification within seconds.
Darmstadt, 09. July 2020 – Kapilendo and AUTHADA announce a new partnership – the eID service of AUTHADA is now available on the banking platform. The first application is already running successfully: For small and medium-sized enterprises (SMEs) the banking service provider offers the KfW instant credit as immediate financial aid. To ensure that the aid reaches the companies quickly, Kapilendo has developed a simple and fully digital application process for the KfW instant credit. AUTHADA's digital identification service via app is integrated in this application process and thus enables an even faster completion of the credit application. The eID service of AUTHADA is seamlessly integrated into the onboarding process and enables the applicant to identify himself/herself within a few seconds via app, electronic identity card or residence permit and the corresponding PIN.
"We are very happy about the cooperation of AUTHADA and Kapilendo in the digital identification process. The integration of the identification service of AUTHADA is directly applied at Kapilendo in connection with the new KfW instant credit for small and medium-sized enterprises. A fully digital and media disruption-free identification solution facilitates the process of credit application for our medium-sized companies at a very important point and makes our application process even faster and easier", says Jens Siebert, Chief Solution Officer of Kapilendo AG. Andreas Plies, CEO and co-founder of AUTHADA adds: "I am particularly proud that liquidity support in the form of the KfW instant credit 2020 will reach medium-sized companies even faster through the digital identification solution of AUTHADA. Especially in the current times, smart digital solutions are simply essential".
Kapilendo offers a wide range of financial products – corporate financing and liquidity management for companies, tailor-made asset management in private banking, and digital investment for private investors. Due to the fact that the services of Kapilendo are completely digital, a secure and privacy-compliant identification is essential. The strategic partnership of Kapilendo and AUTHADA offers promising development potential in all the different business areas. The digital identification solutions of AUTHADA correspond to the approach of Kapilendo to establish a digital and modern banking offering for German medium-sized businesses. Since trust and security play a major role with digital financial services, the integration of the ISO-certified eID solution from AUTHADA is a logical progression in the product portfolio of the banking service provider.
AUTHADA’s identification solutions meet all requirements in terms of the Money Laundering Act (GwG), the German Banking Act (KWG) and the Federal Office of Administration (BVA). The AUTHADA solution also provides highest security and is certified by the German Federal Office for Information Security (BSI).
About AUTHADA GmbH
AUTHADA is a Darmstadt cybersecurity company. The identification solutions of AUTHADA are based on the eID functionality of the electronic identity card and the electronic residence permit. Using an NFC-capable smartphone, persons are identified within seconds from a distance or on site. Legally secure on the basis of German and EU legislation, as well as application secure due to the certification of these solutions by the Federal Office for Information Security (BSI). With its eID service, AUTHADA thus offers a leading technology that is already being used by well-known customers. Since March 2020, AUTHADA is also a certified identification service provider, which allows digital identification in all markets. In addition, AUTHADA is an ISO/IEC 27001 certified company. This international standard for information security ensures that AUTHADA complies with extensive information security requirements and implements comprehensive measures for data protection.
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