Norway’s Signicat has acquired UK-based anti-fraud and identity technology company Sphonic for an undisclosed sum.
The deal is part of asn ongoing acquisition spree by Signicat, as part of a strategy to become a single provider for the entire digital identity and anti-financial crime lifecycle across Europe. Since 2019 Signicat has acquired five companies, including in the last year mobile authentication company Encap, electronic signing provider Dokobit, and identity proofing innovator Electronic IDentification.
“With digital fraud continuing to rise globally, it has become critical to know that your customers are who they claim to be,” says Asger Hattel, CEO of Signicat. “With Sphonic’s leading team of professionals and their data orchestration and decisioning platform, we will be able to offer a more extensive range of onboarding services with highly flexible risk and compliance solutions – all of which can keep international customers safe from fraud.”
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