IDnow partners with ESYSCO to create IDnow Trust Services in Europe

Berlin, 14. November 2024 - The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.

In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform.

The company has offices in Germany, the UK and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. IDnow’s portfolio of over 900 international clients spans a wide range of industries, and includes leading international players, such as UniCredit, Telefónica, Sixt, Crédit Agricole Personal Finance and Mobility, BNP Paribas Personal Finance, and Munich Re, as well as N26, Solarisbank, Younited, BoursoBank and Klarna.

IDnow Trust Services AB will offer qualified trust services, including electronic signatures, time stamps, and seals, ensuring security, compliance, and user convenience. Recognized as a QTSP in the EU by the Swedish supervisory body Post-och telestyrelsen (PTS), IDnow Trust Services will issue, validate, and manage electronic certificates and time stamps, hold identification evidence data, and perform certificate revocation as a certificate authority.

Andreas Bodczek, CEO of IDnow in Munich, said the joint venture will benefit customers by ensuring a compliant and efficient experience for all business-critical operations across the EU.

For his part, Johannes Leser, CEO of IDnow Trust Services, further emphasized the commitment to delivering innovative and highly dependable solutions, envisioning a significant expansion of the European digital signature market by 2030.

IDnow was advised on the joint venture by law firm YPOG, which specializes in tax and business law, and is active in the core fields of funds, tax, banking and finance, and transactions, and which has offices in in Berlin, Hamburg, Cologne and Munich.

The firm’s team was made up of partner Dr. Benjamin Ullrich (co-lead, transactions/corporate), and associated partners Dr. Emma Peters (co-lead, transactions/corporate), Dr. Benedikt Flöter (co-lead, IP/IT), as well as partners Matthias Kresser (transactions/corporate) and Dr. Sebastian Schödel (corporate), and senior associates Tobias Lovett (corporate/transactions), Alexander Sekunde (transactions/corporate) and associates Farina Weber (transactions/corporate) and Dr. Christoph Cordes (IP/IT).