Online authentication company Touchtech has announced the creation of 40 jobs over the next three years. The news comes as the company signed its first contract with Optimus cards services provider Cards Group.
Touchtech was recently been acknowledged as a high potential start-up (HPSU) by Enterprise Ireland and has been awarded €250,000 in initial matched funding with a commitment for a further €100,000 based on future developments.
The Dublin-based company’s solution, TAP, uses mobile technology to replace the need for passwords when shopping or banking online. The deal with Optimus Group will see the company’s authentication product being rolled out in Credit Unions across the UK and Ireland.
John Power, CEO, Touchtech (pictured), said: “This initial roll-out is part of our wider plans to build our presence in the banking sector where an authentication solution such as ours can deliver significant benefits in terms of a better user experience, reducing costs and enhancing fraud protection. We are confident that we can build on this success with the strengthening of our board, and are delighted to welcome such renowned individuals who bring vast experience across finance, technology and business.”
Touchtech was one of six finalists in this year’s Accenture Fintech Innovation Lab Dublin, a 13-week programme which enables entrepreneurs to develop their innovations under the guidance of mentors from banks and technology companies.
TechCentral Reporters
Subscribers 0
Fans 0
Followers 0
Followers