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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Swisscom    SCMN   CH0008742519

SWISSCOM

(SCMN)
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Swisscom : Signicat partners with Swisscom Trust Services to integrate qualified electronic signatures into its Digital Identity Platform

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11/13/2019 | 05:49am EST

München - Signicat, the Trusted Digital Identity(TM) company and European market leader for trusted digital identity services, has partnered with Swisscom Trust Services, strengthening its Digital Identity Platform with qualified electronic signature (QES) functionality. Signicat can now offer the digital equivalent of a legally binding handwritten signature, meeting the highest level of the EU's eIDAS standards for electronic signatures.

The integration of Swisscom's qualified electronic signatures ensures that Signicat's customers benefit from qualified electronic signatures, within a suite of identity verification and authentication systems.

The Signicat platform enables digital trust via a number of sources, from social logins to eIDAS. The solution focuses on usability, providing customers with a frictionless customer experience, while still maintaining appropriate trust levels. Customers identities are verified in a few quick steps which allows businesses to transact efficiently.

"Expanding our platform to cover QES enhances our ability to meet our customer's needs for secure, regulatory-compliant digital identity services," said Gunnar Nordseth, CEO of Signicat. "Swisscom Trust Services has convinced us with its agility and expertise to translate high legal requirements into technology. Our combined joint offerings complement each other and together we enable customers to easily further develop their business models."

"In Signicat, we have found a partner who not only complements our offering, but also shares our vision," commented Marco Schmid, Head of International Expansion Strategy at Swisscom. "Customers today demand a smooth digital customer journey and will not tolerate friction. Together with Signicat, we enable companies to live up to this expectation and thus develop their innovation potential."

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About Signicat

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 verification 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 2007 and is headquartered in Trondheim, Norway.

For further information about Signicat, please visit www.signicat.com

About Swisscom Trust Services

Swisscom Trust Services is the only provider that provides a qualified electronic signature in the EU jurisdictions (eIDAS Signature Ordinance) and Switzerland (ZertES Signature Act). As a leading provider of trust services in Europe, Swisscom Trust Services enables its partners to create pan-European digital innovations by providing identity-based services that can run completely digitally without disruption. The signature service allows partners to easily extend their own business solutions with an electronic signature, taking into account industry-specific requirements and compliance regulations. This provides end users with a variety of options that previously had to be done on paper, such as signing contracts, buying insurance, signing an employment contract, applying for a credit card, or sighting acceptance records. - legally compliant and digital.

Source: RealWire

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(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (CHF)
Sales 2018 11 691 M
EBIT 2018 2 046 M
Net income 2018 1 505 M
Debt 2018 7 504 M
Yield 2018 4,24%
P/E ratio 2018 17,8x
P/E ratio 2019 17,2x
EV / Sales2018 2,94x
EV / Sales2019 3,09x
Capitalization 26 864 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 467,62  CHF
Last Close Price 518,60  CHF
Spread / Highest target 11,7%
Spread / Average Target -9,83%
Spread / Lowest Target -29,6%
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Managers
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Urs Schaeppi Chief Executive Officer
Hansueli Loosli Chairman
Mario Alois Rossi Chief Financial Officer
Christoph Aeschlimann Head-Information Technology & Network
Barbara Frei-Spreiter Director
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