EQS-News: net digital AG: Group subsidiary irisnet GmbH presents new AI product “Live Identity Check”

net digital AG: Group subsidiary irisnet GmbH presents new AI product “Live Identity Check”

• Milestone to support the KYC process for digital applications
• Artificial Intelligence (AI) enables continuous automatic identity matching
• Product premiere at Money 20/20 Europe - Market launch in Q3 2023
• Extensive synergies and cross-selling potential with net digital's payment offerings

Düsseldorf/ Amsterdam, 6 June 2023 - net digital AG (ISIN: DE000A2BPK34, ticker symbol: VRL) presents a new AI product from its subsidiary irisnet. The "Live Identity Check" ("ID Check" for short) enables continuous customer authentication. net digital is presenting a prototype of the product for the first time as part of a live demonstration at the fintech event Money 20/20 Europe in Amsterdam today. The market launch of ID Check is planned for the 3rd quarter of 2023.

Based on Artificial Intelligence (AI), ID Check enables the automatic authentication of persons on the basis of corresponding documents, such as ID cards or passports. Subsequently, the identity is continuously compared - also in real time. In the process, AI-based checks are carried out on an ongoing basis to determine whether the person currently using digital services matches the previous authentication. The product thus opens up a new dimension in the area of KYC and security, for instance during livestreams, which enables providers to comprehensively and automatically ensure compliance with personal usage restrictions of all kinds. It also allows control processes to be structured efficiently.

With ID Check, net digital is further expanding its product portfolio and using the expertise in Artificial Intelligence bundled in its subsidiary irisnet to develop both responsible and meaningful innovations. In combination with net digital's applications in the payment sector, customers receive a holistic solution spectrum which raises the use and billing of digital offers to a level which goes far beyond the current legal requirements while maintaining a high level of economic efficiency.

Theodor Niehues, CEO of net digital AG: "The ID Check from net digital is meaningful, technologically cutting-edge and economically advantageous, so that we see great market potential for the product. It perfectly complements our existing payment solutions and opens up excellent cross-selling and bundling opportunities for us in the future. With ID Check, we are also once again underlining our expertise in the field of Artificial Intelligence, which is a significant growth driver for our company."

About net digital AG

net digital AG is a partner of many medium-sized and large companies from the telecommunications, media and entertainment industries. It develops global and individually adapted digital payment solutions with a focus on digital content distribution via its own technology platform. The solutions for the distribution of contents centre on the areas of entertainment, music and videos. The around 250 international customers of net digital AG include, for instance, large telecommunications and media groups as well as various public transportation companies. Through its technology platform, net digital AG reaches more than 100 million consumers. The shares of net digital AG are traded on the Frankfurt Stock Exchange under the symbol "VRL" (ISIN: DE000A2BPK34, WKN: A2BPK3).

Contact net digital AG

+49 (0) 211 97 53 55-0
[email protected]

Contact Finance and Business Press for net digital AG

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Ralf Droz / Axel Mühlhaus

+49 (0) 69 90 55 05-54
[email protected]