Espoo, September 28th, 2022 – Today, Efecte, the European alternative for cloud-based service management, and Signicat, the leading Digital Identity Hub in Europe, announce cooperation to reduce cyber security threats by delivering strong authentication for digital identities.
Before the exponential increase in remote working, organizations were mostly holding on to traditional perimeter-based security architectures, where ethernet and firewalls could protect everything within their networks. Nowadays, employees access their work applications and information from any location and any device, using non-trusted networks to transfer company data back and forth without proper security mechanisms. All this makes it easier for the employees to do their job, but also raises complexity and increases risks - calling for better cyber security through strong authentication.
Now, together with Signicat, a pan-European leader in digital identity, Efecte Identity Governance and Administration (IGA) is enhanced with strong customer authentication (SCA) to address the evolving cyber security needs. SCA is a way of safely and reliably confirming the identity of a user or device, bringing the EU PSD2 (Payment Services Directive 2) directive compliant strong authentication for organizations.
Efecte IGA with strong authentication will be offered first in the Nordic markets and in the future, our combined aim is to expand to other European markets. With Efecte IGA, organizations ensure security while working remotely, by controlling identities and permissions. This helps organizations and users to reduce their cybersecurity risks by helping to prevent insider attacks, data breaches as well as related ransomware cyber-attacks, and to avoid misuse and frauds.
Strong authentication fits best for use cases implying high risk, such as password reset or self-registration. It offers convenience as well as security, without compromising usability, and is especially suited for public sector customers, for example universities. Signicat supports over 30 European electronic identifications (eIDs), and provides multi-factor login with electronic IDs, biometric scanning, SMS/email OTP and in-app solutions.
“We’re excited to collaborate with Efecte, already a well-known and respected name in service management”, says Antti Harsunen, Country Manager for Signicat Finland. “By combining best-of-class technology we’re able to deliver secure identification, leading to easier and safer remote work. We’re really looking forward to offering a safer and better way of identifying yourself online.”
“Security and trust are more critical now than ever before. Our mission is to digitalize and automate work and we believe organizations can be productive and still work safely at the same time. Together with Signicat, Efecte IGA helps companies to better mitigate security risks and meet the employee needs. We are excited about this partnership, which helps us to take another step forward towards our vision of becoming the leading European alternative in our space”, continues Santeri Jussila, Chief Product Officer at Efecte.
Efecte Identity Governance and Administration (IGA) is an Identity and Access Management (IAM) solution for organizations of any size looking for the approach to automating their identities and access rights management.
+358 50 487 1915
Global Communications Manager, Signicat
+47 95 81 16 86
Efecte helps people digitalize and automate their work. Customers across Europe leverage our cloud service to operate with greater agility, to improve the experience of end-users, and to save costs. The use cases for our solutions range from IT service management and ticketing to improving employee experiences, business workflows, and customer service. We are the European Alternative to the global goliaths in our space. Our headquarters is located in Finland and we have regional hubs in Germany and Sweden. Efecte is listed on the Nasdaq First North Growth Market Finland marketplace. www.efecte.com
Signicat is a pioneering, pan-European digital identity company with an unrivalled track record in the world’s most advanced digital identity markets. Its Digital Identity Platform incorporates the most extensive suite of identity proofing and authentication systems in the world, all accessible through a single integration point. The platform supports the full identity journey, from recognition and on-boarding, through login and consent, to making business agreements which stand the test of time. Signicat was founded in 2006 and acquired by leading European private equity investor Nordic Capital in 2019. It is headquartered in Trondheim, Norway. www.signicat.com
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