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Next generation authentication for the digital age


The cost of cybercrime is rocketing—to $500 billion in 2015 according to The Economist. This is why European Commission introduced the Revised Directive on Payment Services (PSD2) to implement strong two-factor authentication for payments before 2018.

There are already several MFA solutions on the market, however they are suboptimal - expensive to implement, slow to use and do not meet requirements for PSD2, eIDAS and modern EC-funded approaches to crypto libraries.

Notakey allows banks to implement a strong and scalable multi-factor authentication. The technology is made in a way that it can easily be implemented also in other industries, where there is need for protecting sensitive data.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /social sciences/sociology/governance/public services

Call for proposal

See other projects for this call

Funding Scheme

SME-1 - SME instrument phase 1


Ganu Iela 3-12
1010 Riga
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 50 000