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NOTAKEY is the winner of Latvia in ITC category

Country: Latvia

Category: ICT

Name: NOTAKEY

Project Aim: Secure, private and convenient digital identity as cybercrime has rocketed to 215 EUR worldwide according to the Economist

 

 

European Commission has come up with with several directives (PSD2, eIDAS and GDPR) under initiative to create a Digital Single Market in EU. These directives will make European businesses more competitive and benefit the customers. One of the success factors for this will be secure, private and convenient digital identity as cybercrime has rocketed to 215 EUR worldwide according to the Economist.

We have created strong & smooth solution for user identification, authentication and contract signing where a person is control of their data. Solution is based on digital signatures and secure element of the mobile phone for protecting private key. This allows to skip need for any manual code input from user, resulting in improved customer engagement (up by 40% compared to other solutions in the market), higher employee productivity (7000 EUR per employee per year) and higher security.

Since starting the company year ago we have got Horizon 2020 grant and signed our first deals with some of the world’s biggest companies such as UBS and Credit Suisse.

Europe is very often setting a good example for whole world. Being nominated for Startup Europe Award is a sign that we are creating not only something useful for EU citizens but the world as a whole.

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