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WebID Group Partners with Firstsource

Innovative Approach to Enhance Safety Standards in the U.S. Market

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Authored byIrena Neumann
Published on12/12/2024

WebID Group Partners with Firstsource – For the First Time, German Online Identification Know-How Enters the U.S. Market

The WebID Group, a pioneer in digital identification solutions, announces its alliance with Firstsource Solutions Limited (NSE:FSL, BSE:532809), provider of specialist domain-led Business Process Services (BPS) and an RP-Sanjiv Goenka Group company. The partnership seeks to raise U.S. standards for digital identity security through an innovative approach. It’s the first time that German online identity Know-How has been introduced to the U.S. market.

The WebID Group, specializing in digital identities, announces its partnership with Firstsource, a leading BPS provider whose clients include Fortune 500, FTSE 100, and Nifty 50 companies. As Germany’s first online identity provider, WebID Group played a key role in establishing the world’s strictest security requirements in 2014, repeatedly raising the bar for accessible security on the international market with the introduction of various procedures, including video identification1. The collaboration with Firstsource, a company known for its expertise in solving complex customer challenges with a results-oriented approach, began in March 2024.

The security approach, successfully implemented in the U.S. market since then, aims to empower companies to validate their security independently through a four-phase methodology. In Phase 1, vulnerabilities are identified, and tailored testing procedures are developed. In Phase 2, these tests are deployed with U.S. clients to uncover real-world security gaps. Phase 3 expands the tests to large-scale scenarios, while Phase 4 concludes with the creation of a customized security concept, enabling companies to independently reproduce and enhance these testing procedures.

Frank S. Jorga, Founder and Co-CEO of the WebID Group, explains: “This alliance with Firstsource marks a milestone for our group. We see it as a recognition of our expertise to have been chosen to bring German online identification know-how to the U.S. market for the first time. Twelve years ago, we were pioneers in this field; today, the industry is booming. However, the qualitative differences between the implemented solutions are vast and increasingly evident. Our consistent alignment with the world’s strictest security standards allows us to identify current and future threats swiftly, precisely, and reliably. At the same time, Firstsource’s profound understanding of the U.S. market expands our capabilities in this regard. We see significant potential in this partnership and aim to further develop security standards in additional countries in the long term.”

Karan Kapoor, Senior Vice President, Consumer and Enterprise Technology Operations at Firstsource, said: “Our partnership with the WebID Group in Digital Identity Safety marks a significant step in our commitment to delivering future-ready Trust & Safety solutions. As digital platforms continue to scale, ensuring the safety of users and the integrity of platforms and transactions is paramount. Our Trust & Safety teams, equipped with deep global expertise, will combine human talent with advanced technology to drive state-of-the-art GenAI solutions including Red Teaming2 and Pen-Testing3 for platforms. By leveraging these strengths and integrating WebID Group’s pioneering technology, we’re empowering our clients to navigate today’s complex threat landscape with confidence, while driving operational excellence and measurable results for their businesses.”

Together with Firstsource, the WebID Group aims to set new benchmarks and support companies across all industries in adapting their security standards to meet the evolving demands of digitalization.

About the WebID Group

The WebID Group, initiated by Frank S. Jorga, has been a driving force in the field of digital security since 2012. As the first German provider of digital identification solutions and the inventor of video identification (AMLD), the company positioned itself as a national and international industry pioneer in its founding year. Two years later, it played a key role in initiating security regulations for Germany’s banking and finance sector, which remain the strictest worldwide to this day. Since 2021, the WebID Group has been supported by British private equity investor AnaCap. The following year, the company launched the first ID X Summit, Germany’s leading online identity conference, which has since become an annual event bringing together international experts, media representatives, and industry enthusiasts. Today, the WebID Group is headquartered in Germany and employs 1,100 people. With subsidiaries in Austria, Switzerland, and Spain, as well as additional locations in the U.S. and India, the company operates on an international scale. Its client base includes more than 300 companies, including 80% of Germany’s leading banking and financial institutions. With one of the most extensive product portfolios worldwide, the WebID Group serves one of the largest market volumes globally. Most recently, the company announced its entry into the U.S. market, sharing its German expertise and introducing an innovative approach to enhancing security standards. For more information about the WebID Group, visit: www.webid- solutions.com

Media Contact at WebID Group

Irena Anna Neumann | Head of Corporate Communications | irena.neumann@webid-solutions.de

 

About Firstsource

Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL:IN), is a specialized global business process services partner, providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, and other diverse industries. With an established presence in the US, the UK, India, Mexico, Australia, South Africa, and the Philippines, we make it happen for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our real-world practitioners work collaboratively to deliver future-focused outcomes. (www.firstsource.com)

Media Contact at Firstsource

Madhavi Behl | VP Corporate Communications | Madhavi.behl@firstsource.com

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