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Entrust's acquisition of Antelop will make it simple for banks to add secure, completely digital credit and debit cards to their mobile wallets, allowing for a more integrated approach to the payments ecosystem and greater flexibility for issuers and cardholders.
FREMONT, CA: Entrust, a worldwide leader in trusted identity, payments, and data security, signed a definitive agreement to acquire Antelop Solutions, a financial technology business that enables financial institutions to issue secure digital credit and debit cards to their clients. As a result, entrust can assist banks and financial institutions worldwide in developing integrated, seamless digital and physical financial card and payment experiences for their consumers by combining Antelop's solutions with the industry-leading Entrust card issuing portfolio.
Antelop Solutions, located in Paris, was formed in 2014, and its clientele comprises more than 40 prominent banks from 25 countries. The purchase will bring around 30 people to Entrust, including founder and CEO Nicolas Bruley. He will continue to head this team at Entrust to promote digital financial credential solutions. Banks can securely distribute and manage digital cards through mobile client apps with a single software development kit with the Antelop One Digital Card solution (SDK). In addition, token management, NFC payments, customer identification, a secure interface, and APIs to launch digital cards into major mobile wallets get included.
Antelop products are PCI-DSS certified and assist in meeting European PSD2 standards. The transaction is likely to be completed within the next several weeks. Entrust received legal assistance on the acquisition from Cornet Vincent Ségurel.
Nicolas Bruley, CEO of Antelop Solutions, said, "We are a company that listens to the clients, understands their problems, and addresses the pain points through robust and specific digital card solutions.”
Antelop solution has been selected as one of the Top 10 Digital Banking Solution Providers in Europe 2020 by the Banking CIO Outlook magazine.