Entrust Empowers Digital Financial Card Issuance with Acquisition of Antelop Solutions

ULAANBAATAR,
MONGOLIA – Media OutReach – 27 September
2021 – Entrust,
a global leader in trusted identity, payments and data protection, today
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.
Combining Antelop’s solutions with the industry leading Entrust card issuance
portfolio, Entrust can help banks and financial institutions around the world create
integrated, seamless digital and physical financial card and payment
experiences for their customers.

Paris-based
Antelop Solutions was founded in 2014 and its customer base includes more than 40
leading banks in 25 countries. The firm has about 30 employees who will join
Entrust with the acquisition, including founder and CEO Nicolas Bruley. He will
continue to lead this team to advance digital financial credential solutions at
Entrust. Terms of the deal were not disclosed.

“Consumers
want to transact seamlessly and securely, around the world and across
platforms,” said Todd Wilkinson, CEO of Entrust. “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. “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.”

The
Antelop One
Digital Card solution
enables banks to deliver and manage digital cards securely in customer mobile
apps with a single software development kit (SDK). This includes token
management, NFC payments, customer authentication, secure interface, and APIs
to launch digital cards into all major mobile wallets (i.e., Apple, Google,
Samsung and more). Antelop solutions are PCI-DSS certified and help enable
compliance with European PSD2 regulations.

“Entrust is empowering our customers to meet
the challenge of next-generation payment solutions,” said Mike Baxter, SVP of
Product Development at Entrust. “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.”

The acquisition is expected to close in the
next several weeks. Cornet Vincent Ségurel provided legal advice to Entrust on
the transaction. To learn more about the acquisition of Antelop by Entrust, visit
www.entrust.com/issuance-systems/products/software/entrust-digital-card-solution.