SignD – founded in 2019, funded with US$ 1.2M and based in Vienna, Austria – is a ‘one-stop shop’ for implementing a fully compliant Onboarding/KYC-process. SignD’s white label turnkey solution for customer onboarding encompasses identity verification, risk assessment, digital signatures and payments. Their framework orchestrates the leading providers of biometric identification, forensic analysis, PSD2, database services and open source intelligence.
As a result of a prior contact at WebSummit (Lisbon) Bernhard Reiterer (CEO of SignD) reached out to SHORE teams. He was originally looking for a partner to create an app. Combined with some biometrics, distributed storage, scanning ID’s and some machine learning. Without having zero knowledge in this field. He was having a hard time to find the right vendor at the right quality/price relation.
A big Austrian bank asked SignD to package their solutions as an SDK, that could be linked within their new app and act as an ID-V mechanism to securily guide new users through a perfect onboarding experience while being 100% compliant with AML/CTF laws.
Therefore SignD was looking for a reliable partner with a proven track record and experience working with highly sensitive financial client data.
SignD had an outligned roadmap to release the product in different phases. Partner need to be able to develop all requirements within these phases.
SHORE teams introduced a couple of partners. One from Poland, two from India and one partially dutch, partially polish partner. The latter partner – Amsterdam Standard – was able to come with an outstanding lead developer in a couple of days. Because of this and several other reasons SHORE teams advised SignD to go with this partner. SignD decided to follow that advice.
SignD visited Amsterdam Standard’s Cracow office for a kick off-meeting. SignD was impressed with the passion of the team, the nice spots in the city and the start of their intense and productive collaboration. As COO Lisandro Aguilar (SignD) stated “We were made for each other”.
They decided to scale the team significantly. Lisandro: “we received super support from Leo and the team here”. With Leo, he meant Leopold van Oosten; CEO of Amsterdam Standard. “Even with the new team members, it was very smooth and extremely productive from the beginning.”
The team was able to do a great job. “This is only something we can have managed through proper communication. If you have a good basis for communication, it’s just like if the people would sit next to you in another room.”
Above all SignD managed to raise US$ 1.2M funding; during COVID19 times and grow the team to 11 developers.
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