Verimi, the European cross-industry identity and trusted platform welcomes Samsung Electronics Co., Ltd. as the latest backer of its secure, single sign-on and payment service. The investment from the world’s largest manufacturer of electronic devices demonstrates industry confidence in Verimi’s state-of-the-art security and data protection services and will enable further development of the Verimi ecosystem in Germany and expansion across Europe.

Verimi puts people in control of their personal data by equipping users with a convenient, safe, and secure identity solution that seamlessly integrates with users’ digital lives. Personal information and credentials are managed and controlled by the user, while providing companies and public institutions a European alternative to established sign-on and registration systems. Samsung Electronics supports Verimi’s position that personal data should be treated fairly, and users should always retain full control of their online identity.

“At a time when our online identities are both more important and more vulnerable than ever before, global leaders in business and policymaking must join together and design robust platforms that protect users’ most sensitive information,” says Young Sohn, Corporate President and Chief Strategy Officer (CSO) of Samsung Electronics and Chairman of the Board of HARMAN.  “Samsung is excited by the potential to leverage our technological expertise and resources to support Verimi’s mission to empower consumers across Europe and promote digital identity sovereignty.”

“The rising number of data and privacy breaches underscores the need for platforms that help protect consumers — and that grant them more control over their digital identities.” said Markus Pertlwieser, Chairman of Verimi’s shareholder committee and Chief Digital Officer, Deutsche Bank AG. “As the world’s largest manufacturer of electronic devices, the backing from Samsung is a huge win for Verimi and its mission to safeguard digital privacy for millions of consumers across Europe.”

Samsung Electronics joins 12 international companies supporting the Verimi ecosystem, including Allianz, Axel Springer, Bundesdruckerei, Core, Daimler, Deutsche Bahn, Deutsche Bank and Postbank, Deutsche Telekom, Giesecke+Devrient, Here Technologies, Lufthansa and Volkswagen Financial Services.

“Samsung’s support will bolster Verimi’s efforts to design a platform that adapts to each user’s unique set of needs, as well as demonstrate how companies can help foster improved, and accessible, digital security”, says Stefan Imme, Chief Digital Officer at Volkswagen Financial Services. He continues: “A cross-industry identity platform like Verimi with a simplified customer login also strengthens our digital ecosystems within the Volkswagen Group and generates real added value at a central interface for our customers.”