V-KEY AND SCYTALES ENTER STRATEGIC PARTNERSHIP
Singapore and Täby, Sweden (Oct 14, 2020) – V-Key and Scytáles AB today announce that the two companies enter a strategic collaboration based on their diverse but complementary capabilities within mobile authentication and validation of an individual’s digital identity.
Both companies are worldwide recognized technology leaders and frontrunners respectively with pioneering products and services enabling the highest standards of mobile identity security that will serve as a backbone in an increasingly interconnected digital economy.
V-Key invented the world’s first virtual secure element, V-OS. It is a secure sandbox that is embedded within a native iOS or Android mobile app, and creates a safe operating environment where data is stored, and cryptographic processes can be executed in isolation from the rest of the mobile app. Scytáles is a leader in mDL and mID/Derived Mobile ID solutions and Validation mechanisms allowing for reading in online/offline modes on different form factors, in addition to offering solutions like a Credential Service Provider and ICAO 9303/PKD PKI for signing document Mobile ID profiles.
“Our collaboration and combined technology is not only protecting the application from attacks and protecting the data of users but also assuring the sign-up of the user and its identity into the mobile,” Konstantin Papaxanthis, CEO and Co-Founder, Scytáles.
“V-Key’s patented technology acts as a security armour for the mobile application while Scytáles assures the identity of the user. Leveraging on both technologies and leadership in digital identity and digital security, ensure the safety of our customers and partners when going mobile,” Joseph Gan, CEO and Co-Founder, V-Key.
| PR Contact:
Charlie Loke Senior Marketing Manager E-mail: Charlie.loke@v-key.com Mobile: +65 9795 1516
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PR Contact:
Anna Seddigh Chief Communications Office & Co-Founder E-mail: aseddigh@scytales.com Mobile: +46 70 988 60 48 Web: www.scytales.com
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About Scytáles AB
Scytáles is breaking new ground by developing and offering ISO-Mobile Drivers Licenses, ISO-Mobile IDs and Derived Mobile IDs, as a complement to Security Printed Documents, and Validation mechanisms in realtime in online and offline modes. Scytáles is also providing a Credential Service Provider (CSP), an ICAO 9303/PKD PKI, supporting multiple Mobile Driver Licenses (mDL), Mobile IDs (mID), Derived Mobile IDs and online identity validation providers. Scytáles lays the foundation for a comprehensive lineup of online digital services, serving billions of users, as well as enabling high-security printed documents and banknotes to go digital and mobile.
The company´s Scandinavian roots and values are an important asset, as well as its extensive network of key players and legislators in 60 countries around the world. Scytáles AB represents Sweden as an expert through the Standardization Body (SIS) SIS/TK 448 and Task Force 14 on mDL within ISO/IEC JTC1/SC17/WG10. Scytáles products are all fully ISO 18013-5 compliant and follow the best security and implementation standards. Founded in 2015, HQ in Stockholm, Sweden, and offices in the US, Greece and Portugal.
About V-KEY
V-Key is an internationally-acclaimed software-based digital security company, headquartered in Singapore. V-Key’s pioneering technology powers ultra-high-security solutions on premise and Cloud-based, for digital identity management, user authentication and authorization, IoT, as well as electronic payments for major banks, payment gateways, and government agencies.
V-Key is the inventor of V-OS, the world’s first virtual secure element. Internationally patented, V-OS uses advanced cryptographic and cybersecurity protections to comply with standards previously reserved only for expensive hardware solutions. Today, V-OS secures millions of users around the world.
V-OS enables digital leaders to create powerful customer experiences that combine high security and delightful convenience. V-OS integrates seamlessly with biometrics, PKI-based technology, out-of-band authentication, making delightful user experiences possible while being uncompromisingly secure.
V-OS is FIPS 140-2 validated (US NIST), Common Criteria EAL3+ certified and accredited by the Infocomm Media Development Authority of Singapore (IMDA). V-OS has been the subject of multiple rigorous penetration tests and has been stress-tested by e-commerce players, government agencies, regulatory bodies and financial services companies.
