Entrust acquires Parisian card issuing company Antelop Solutions
Entrust announced a definitive agreement to acquire Antelop Solutions, a financial technology company that enables financial institutions to issue secure digital credit and debit cards to their customers.
Based in Paris, Antelop Solutions was founded in 2014, and its customer base includes more than 40 banks in 25 countries. The company has around 30 employees who will join Entrust upon the acquisition, including founder and CEO Nicolas Bruley. He will continue to lead this team to advance digital financial identification solutions at Entrust.
The Antelop one digital card solution enables banks to securely deliver and manage digital cards in customers’ mobile applications with a single software development kit (SDK). This includes token management, NFC payments, client authentication, secure interface and APIs to launch digital cards in all major mobile wallets (i.e. Apple, Google, Samsung and more) . In addition, Antelop solutions are PCI-DSS certified and allow compliance with European PSD2 regulations.
With this acquisition, Entrust can help banks and financial institutions around the world create integrated and transparent digital and physical payment and payment experiences for their customers.
With the acquisition of Antelop Solutions, Entrust can help banks and financial institutions around the world create integrated and transparent physical and digital payment experiences for their customers. Read the announcement: https://t.co/yqRlfJu5Ya pic.twitter.com/YWPQJ7LkvY
– Trust (@Entrust_Corp) September 22, 2021
“Consumers want to transact transparently and securely, anywhere in the world and across all platforms,” said Todd Wilkinson, CEO of Entrust. “Banks, credit unions and other financial institutions need to make digital and physical card payment options secure and easy for their cardholders. Entrust is the global leader in secure payment card issuance – the combination of Entrust and Antelop Solutions will equip financial institutions with an unrivaled portfolio of digital and physical ID issuance solutions and security solutions transactions.
“We are extremely happy to join the Entrust team,” said Nicolas Bruley, CEO of Antelop Solutions. “Our revolutionary technology dramatically reduces the complexity of issuing digital payment offers. As a certified partner Visa, Mastercard and Cartes Bancaires (CB), we can offer a fast and secure integration of all the functions of the card on a single digital payment identifier. This enables banks, credit unions and other issuers to offer true digital-first payment credentials that fully align with consumers’ expectations for simplicity and security. “
“By integrating Antelop’s secure digital financial credential solutions into the Entrust portfolio, customers will have access to the latest thinking and innovations in the consumer payments ecosystem. Entrust has been investing in and leading innovation in financial references for over 50 years, and we expect this to continue for decades to come, ”said Mike Baxter, senior vice president of product development at Entrust.
The acquisition is expected to be finalized in the coming weeks.
Read: Yas Holding, based in Abu Dhabi, finalizes the acquisition of Gulf Inject from Julphar
Also Read: Dubai Swvl Enters Europe, APAC & LATAM Via Acquisition Of Shotl