Both IDAaaS projects (2016–2019) are explicitly focused on Know Your Customer workflows, anti-money laundering compliance, and online customer onboarding for financial services.
SIGNICAT AS
Norwegian SaaS company providing cloud-based digital identity verification, KYC, and eIDAS-compliant onboarding for banks and payment services.
Their core work
Signicat AS is a Norwegian digital identity company specializing in cloud-based identity verification and authentication services for financial institutions and regulated industries. Their core product is an Identity Assurance as a Service (IDAaaS) platform that allows banks, payment providers, and other businesses to verify customer identities online — covering the full KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance workflow. They operate under the EU eIDAS regulation framework, enabling cross-border electronic identity recognition across Europe. Delivered as SaaS, their platform reduces onboarding friction while meeting regulatory requirements for digital trust services.
What they specialise in
The IDAaaS Phase 2 project lists eIDAS and trust service as core keywords, indicating alignment with EU electronic identity regulation.
Keywords SaaS, cloud, bank, payment services confirm a product-led approach targeting regulated financial institutions rather than bespoke integration.
IDAaaS addresses electronic identity (eID) and identity assurance as infrastructure-level services that other applications can consume via API.
How they've shifted over time
Signicat's H2020 participation covers a narrow 2016–2019 window and represents a single two-phase initiative — Phase 1 was a fast feasibility study (EUR 50K), and Phase 2 was full product development (EUR 1.36M). The Phase 1 record carries no keywords, while Phase 2 is rich with financial-services terminology: KYC, AML, payment services, bank, eIDAS. This reflects a company that entered EU funding with a clear commercial product concept and used the SME Instrument to validate and scale it. There is no visible pivot in direction — the trajectory is consistent deepening of digital identity for regulated industries, not a shift in domain.
Signicat is moving deeper into regulated financial services and cross-border eIDAS compliance, positioning itself as infrastructure for identity verification rather than a project-by-project solutions provider.
How they like to work
Signicat consistently acts as project coordinator and sole applicant — both H2020 projects were run under the SME Instrument, which is designed for individual companies, not consortia. They have zero recorded consortium partners across both projects. This suggests they operate as an independent product company rather than a research collaborator, and any future engagement with them would likely be as a technology provider or industry partner rather than a co-investigator.
Signicat recorded no consortium partners in their H2020 projects, which is expected given the SME Instrument's solo structure. Their collaborative reach within the EU research ecosystem is minimal, though their commercial network in the Nordic and European financial sector is likely broader than their project data reflects.
What sets them apart
Signicat is one of very few SMEs in the H2020 security pillar with a fully commercialized SaaS identity product — not a research prototype. They bring a production-grade platform that covers both technical eIDAS compliance and regulatory KYC/AML requirements in a single cloud service, which is rare among academic or research-oriented partners. For a consortium needing credible industry adoption of digital identity standards, Signicat represents genuine market traction rather than lab-stage technology.
Highlights from their portfolio
- IDAaaSPhase 2 project (EUR 1.36M, 2017–2019) represents one of the larger SME Instrument grants in the digital identity space, validating Signicat's platform for pan-European KYC/AML compliance under eIDAS.
- IDAaaSPhase 1 feasibility (2016) demonstrates textbook use of the two-phase SME Instrument — successfully bridging from concept validation to full-scale commercial development within 12 months.