Entrust has acquired Antelop Solutions, empowering digital financial card issuance. Antelop Solutions, a financial technology business that enables financial institutions to issue secure digital credit and debit cards to their clients, was acquired by Entrust in a formal agreement. Entrust can assist banks and financial institutions throughout the world develop 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, situated in Paris, was launched in 2014 and has more than 40 top banks from 25 countries as customers. Around 30 people, including founder and CEO Nicolas Bruley, will join Entrust as part of the transaction. At Entrust, he will continue to lead this team in developing digital financial credential solutions. The deal’s terms were not disclosed.
“Consumers want to transact seamlessly and securely, around the world and across platforms,” said Todd Wilkinson, CEO of Entrust.
He further explained, “Banks, credit unions and other financial institutions need to make both digital and physical card payment options secure and easy for their cardholders. Entrust is the world leader in secure payment card issuance — the combination of Entrust and Antelop Solutions will empower financial institutions with an unmatched portfolio of digital and physical credential issuance and transaction security solutions.”
“We are extremely pleased to join the Entrust team,” said Nicolas Bruley, CEO of Antelop Solutions.
Further shared, “Our game-changing technology greatly reduces the complexity of issuing digital payment offerings. As a certified Visa, Mastercard and Cartes Bancaires (CB) partner, we can deliver fast, secure integration of all card features onto a single digital payment credential. This empowers banks, credit unions and other issuers to offer true digital-first payment credentials that fully align with consumer expectations for simplicity and security.”
With a single software development kit, Antelop One Digital Card allows banks to securely offer and manage digital cards through client mobile apps (SDK). Token management, NFC payments, customer verification, a secure interface, and APIs to integrate digital cards into all major mobile wallets are all included (i.e., Apple, Google, Samsung and more). Antelop’s solutions are PCI-DSS certified, which means they can help you comply with PSD2 laws in Europe.
“Entrust is empowering our customers to meet the challenge of next-generation payment solutions,” said Mike Baxter, SVP of Product Development at Entrust.
He also added, “By bringing the Antelop secure digital financial credential solutions into the Entrust portfolio, customers will gain access to the latest thinking and innovation across the consumer payments ecosystem. Entrust has been investing and leading innovation in financial credentials for more than 50 years, and we expect this to continue for decades to come.”