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Dow Jones News
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FinLab AG: AUTHADA's innovative eID solution goes live with German/British FinTech ayondo

Dow Jones received a payment from EQS/DGAP to publish this press release.

DGAP-Media / 2018-05-15 / 09:00 
 
*FinLab AG: AUTHADA's innovative eID solution goes live with German/British 
FinTech ayondo* 
 
Frankfurt am Main/Darmstadt, May 15, 2018 - The digital identification 
solution from AUTHADA, a portfolio company of FinLab AG (ISIN: DE0001218063; 
Ticker: A7A.GR), has been used for the very first time by German/British 
FinTech ayondo. On ayondo's Social Trading platform, users can follow the 
investment portfolios of successful traders and copy their strategies. In 
order to do so, the platform user must first register and authenticate 
himself as a real person. 
 
While identification procedures in Germany were previously very complex, 
AUTHADA's identification solution takes just a few seconds. With AUTHADA 
ident, there are no queues and the procedure is available around the clock. 
Users can be identified anywhere with an NFC-enabled smartphone or tablet 
that validates their identity using the eID of their ID card and the 
accompanying eID PIN. Data is transmitted directly and ayondo's service is 
immediately available. 
 
The main benefit is that the AUTHADA app is data-minimising and only 
transfers personal data that is required by law for legally compliant 
identification. The "eID-Core" solution from AUTHADA guarantees the highest 
level of security and is the first and only identification procedure 
throughout the whole of Germany to be certified by the Federal Office for 
Information Security (BSI). 
 
"This collaboration with ayondo is an important milestone for AUTHADA. Along 
the way, we are setting a new standard for a safer, digital Germany and for 
the EU," said Jörg Jessen, the co-founder and CEO of AUTHADA. Raza Perez, 
CPO of ayondo, added: "We are delighted to offer our customers, together 
with our partner AUTHADA, a rapid customer onboarding process that is 
compliant with money laundering regulations and available 24/7." 
 
*About FinLab AG:* 
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / 
ticker symbol: A7A) is one of the first and largest company builders and 
investors focused on the Financial Services Technologies ("FinTech") sector 
in Europe. FinLab focuses on developing German FinTech start-ups and 
providing venture capital for their financial needs, whereas in each case 
the aim is a long-term participation and ongoing support of the investment. 
FinLab also invests globally, as part of venture rounds, in FinTech 
companies, primarily in the USA and Asia. 
 
*Press contact:* 
FinLab AG: 
investor-relations@finlab.de 
http://www.finlab.de 
Phone: +49 69 719 12 80 0 
 
*About AUTHADA GmbH:* 
AUTHADA GmbH is a cybersecurity start-up founded in May 2015 as a spinoff of 
the Darmstadt University of Applied Sciences. The eID-Core solutions use the 
electronic identity of personal ID cards via a mobile or stationary device 
in order to verify existing or target customers within seconds. Since the 
product is based on national and international safety standards and legal 
requirements it is certified by the German Federal Office for Information 
Security (BSI) and can therefore be considered safe to use and reliable. 
 
*Press contact:* 
AUTHADA GmbH 
info@authada.de 
https://authada.de 
https://twitter.com/AUTHADA_GmbH 
Phone:+49 6151 2752 500 
 
Contact: 
FinLab AG 
Tel: +49 69 719 12 80 0 
E-Mail: investor-relations@finlab.de 
 
End of Media Release 
 
Issuer: FinLab AG 
Key word(s): Finance 
 
2018-05-15 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language: English 
Company:  FinLab AG 
          Grüneburgweg 18 
          60322 Frankfurt/Main 
          Germany 
Phone:    +49 (0)69 719 12 80 - 0 
Fax:      +49 (0)69 719 12 80 - 011 
E-mail:   investore-relations@finlab.de 
Internet: www.finlab.de 
ISIN:     DE0001218063 
WKN:      121806 
Indices:  Scale 30 
Listed:   Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt 
          (Scale), Stuttgart, Tradegate Exchange 
 
End of News DGAP Media 
 
685709 2018-05-15 
 
 

(END) Dow Jones Newswires

May 15, 2018 03:00 ET (07:00 GMT)

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