IDV giant Signicat has acquired Inverid, the creator of the NFC-based ReadID technology, to form a “European identity powerhouse” that offers a unified digital identity verification platform for governments, banks, and enterprises. The acquisition enables deeper integration beyond their previous partnership, allowing Signicat to combine Inverid’s biometric ID document scanning with its broader digital identity lifecycle solutions, positioning them firmly for the evolving European eID market, including EUDI Wallets and eIDAS compliance. The strategic move reflects the industry’s consolidation and maturation, as both companies aim to scale across Europe and globally, meeting the rising demand for seamless, secure, and compliant identity verification in a fragmented yet rapidly growing digital identity landscape.
Signicat Forms ‘European Identity Powerhouse’ with Inverid Acquisition
