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WebID Solutions

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WebID Solutions
Company typeGmbH
IndustryFinancial Technology
Founded2012 in Berlin
FoundersFrank S. Jorga
Headquarters
Berlin
,
Germany
Areas served
Germany, Austria, Switzerland, India, United States, Spain
Key people
Frank S. Jorga (CEO)
Daniel Kreis (CEO)
Sven Jorga (CTO)
ProductsOnline identification and contract signing software
Websitewebid-solutions.com

WebID Solutions is an international financial technology company based in Berlin that offers products and services for legal transactions conducted online. These include, in particular, personal identification and online signatures. According to Frankfurter Allgemeine Zeitung, the company is considered the inventor of online identification.[1]

History

WebID Solutions Headquarters in Hamburg

The company was founded in Berlin in 2012 by Frank S. Jorga.[1][2] The company developed a method for video identification (VideoIdent), which was approved by Bafin in 2014 after repeated deliberations with the German Federal Ministry of Finance.[1][3] WebID was the first online-ID provider on the German market,[3] which resulted in Bafin basing their security regulations for video identification on the WebID procedure and standards.[4]

In the two years following the approval of the method, the company expanded internationally and founded several subsidiaries in Switzerland, Austria, Spain, the US, and India.[1][5] WebID Solutions patented their online identification in the United States in 2018 and opened an office in New York City.[6][7]

WebID Solutions was in a legal dispute with a competitor for several years. The competitor accused WebID Solutions of patent infringement, which was proven right in the first instance in 2017.[8][9] In 2020, however, the Düsseldorf Higher Regional Court dismissed the action as unjustified.[2]

In September 2021, the British investor Anacap took over the majority of WebID Solutions,[10] which was meant to lead towards establishing the company outside of Europe.[11] The establishment in Europe was nevertheless continued, with expansion into Spain in 2022.[12]

Corporate structure

WebID Solutions has offices in Kiel, Solingen, Frankfurt, Berlin, and Hamburg.[12] In Solingen, WebID Solutions maintains a call center.[1][13] WebID also runs its own security center for online identification procedures, where employees are regularly trained by criminal investigators.[4] The WebID Solutions Group consists of the German parent company WebID Solutions GmbH and subsidiaries in Austria, Switzerland, the US, India[12][5] and, since 2022, Spain.[12]

Products and services

The company focuses on products and services for legal transactions conducted via the internet. This includes seven methods of personal identification: via video call (VideoID), via online ID (eID), online banking (AccountID), digital authentication (TrueID) or with the help of AI and biometrics (AutoID), as well as age verification (avsID) and online contracting (SignID).[1][14][15] These methods are offered and used in sectors such as banking, financial services, healthcare, telecommunications, e-commerce, mobility, gaming, and entertainment.[16]

In Wiesbaden, WebID also introduced digital resident registration and digital registration for marriage, for the first time in Germany, in 2023.[17][18]

The online personal identification procedure was developed as an alternative to the long-established Postident procedure of Deutsche Post.[5][19] It is the first of its kind.[20][21] WebID customers include banks such as Deutsche Bank, ING, DKB and Santander, as well as companies such as Trade Republic, Amazon and Apple.[3] In Germany, around 80% of the leading German banks are WebID customers.[5]

References

  1. ^ a b c d e f Bünder, Helmut (2016-11-01). "Der Vertragsabschluss auf der Couch – per Videochat". Frankfurter Allgemeine Zeitung (in German). ISSN 0174-4909. Retrieved 2023-11-20.
  2. ^ a b Melchior, Fred Lothar (2020-04-29). "Unternehmen aus Solingen: WebID startet gut ins neunte Jahr". Rheinische Post (in German). Retrieved 2023-11-20.
  3. ^ a b c Reintjes, Dominik (2021-02-04). "Ansturm auf Trade Republic und WebID: "So eine verrückte Situation habe ich noch nicht erlebt"". Wirtschaftswoche (in German). Retrieved 2023-11-20.
  4. ^ a b Neuhaus, Carla (2016-09-11). "Klein gegen Groß: Die Berliner Firma WebID wehrt sich gegen die Macht der Post". Der Tagesspiegel (in German). ISSN 1865-2263. Retrieved 2024-02-19.
  5. ^ a b c d Vetter, Uwe (2016-09-15). "Solingen: Marktführer bei Video-Identifikationen". Rheinische Post (in German). Retrieved 2023-11-23.
  6. ^ Schneider, Katharina (2018-06-18). "Von Solingen ins Silicon Valley – WebID Solutions soll in den USA groß rauskommen". Handelsblatt (in German). Retrieved 2023-11-20.
  7. ^ Schlenk, Caspar Tobias (2020-05-25). "14 Millionen Umsatz und ein Coronaboom beim Berliner Fintech Webid". FinanceFWD (in German). Retrieved 2023-11-20.
  8. ^ Rexer, Andrea (2017-08-31). "ID Now gewinnt vor Gericht". Süddeutsche Zeitung (in German). Retrieved 2023-11-20.
  9. ^ Heckel, Manuel (2018-05-17). "IDnow: Schulterschluss mit Banknotenspezialist". Wirtschaftswoche (in German). Retrieved 2023-04-27.
  10. ^ Atzler, Elisabeth (2021-09-07). "Britischer Finanzinvestor Anacap übernimmt Mehrheit am Identitätsdienst WebID". Handelsblatt (in German). Retrieved 2023-11-20.
  11. ^ Paravicini, Stefan (2021-09-17). "Verimi und WebID bündeln ihre Kräfte". Börsen-Zeitung (in German). Retrieved 2023-04-27.
  12. ^ a b c d Fischer, Tobias (2022-12-22). "WebID zieht es nach Spanien". Börsen-Zeitung (in German). Retrieved 2023-11-20.
  13. ^ Kraft, Thomas (2016-10-06). "Solinger erobern Markt der Online-Identitäten". Solinger Tageblatt (in German). Retrieved 2023-11-20.
  14. ^ Godenrath, Björn (2016-03-08). "Wir haben's erfunden". Börsen-Zeitung (in German). Retrieved 2023-11-23.
  15. ^ "Solutions". WebID Solutions. Retrieved 2024-02-19.
  16. ^ "Industries". WebID Solutions. Retrieved 2024-02-19.
  17. ^ Hauptmann, Nicola (2023-11-06). "Wohnungsummeldung per Video-Ident". eGovernment (in German). Retrieved 2024-02-19.
  18. ^ Reckmann, Madeleine (2023-10-26). "Wiesbaden: Nach Umzug per Mausklick anmelden". Frankfurter Rundschau (in German). Retrieved 2024-02-19.
  19. ^ Neuhaus, Carla (2016-09-11). "Klein gegen Groß: Die Berliner Firma WebID wehrt sich gegen die Macht der Post". Der Tagesspiegel (in German). ISSN 1865-2263. Retrieved 2023-11-20.
  20. ^ Hüthig, Stefanie (2020-12-14). "Im Silicon Valley ist es eine Ehre, kopiert zu werden". Bankmagazin (in German). Retrieved 2023-04-27
  21. ^ Schneider, Katharina (2020-01-15). "Mutige Angreifer: Wie Fintechs mit "Made in Germany" den Finanzplatz USA erobern wollen". Handelsblatt (in German). Retrieved 2023-11-20.
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