Signicat, the Trusted Digital Identity™ company, has acquired Strong Customer Authentication (SCA) specialist Encap Security from AllClear ID.
Encap Security was founded in 2006, spun out from a project by Norwegian banks to create a ground-breaking software-based mobile ID solution. Encap’s SCA platform is used across Europe by clients in regulated markets, especially financial services, for customer mobile authentication and security for all digital use cases and across all channels.
Signicat and Encap have worked together as trusted partners for over 10 years. The acquisition brings together Signicat’s expertise in digital identity, onboarding and signing, and Encap’s experience in making authentication convenient and user-friendly without compromising on security or compliance. Signicat now offers all the technology regulated businesses require on a global basis to successfully verify, onboard, and authenticate across the entire customer lifecycle, including digital signatures and payment authorisation via mobile—all compliant to the demands of PSD2 SCA.
Asger Hattel, CEO of Signicat, said:
“Encap Security was ahead of its time when it was founded, providing mobile-first authentication even before smartphones were mainstream—and it has retained this advantage ever since. Together, our passwordless solution provides consumers and businesses with exceptional ease-of-use while protecting them from risk and fraud. This acquisition provides the backbone to our mobile digital identity strategy and establishes Signicat as mobile identity and authentication powerhouse.”
Johan Sörmling, CEO, Encap Security, said:
“Signicat and Encap Security share much more than our Norwegian roots. We look to provide our customers with the very best user experience without compromising on security. With firms across Europe looking to mitigate the impact of SCA regulation on the customer experience, we believe we have the right proposition at the right time.”
