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Business deals

Japan's Toppan beefs up ID security with Taiwan developer purchase

Printing company sees iDGate's 'know your customer' services as solution to fraud fears

Combining Toppan's ID cards with iDGate's identity verification technology could allow ID paperwork to be moved entirely online.

TOKYO -- Japan's Toppan Printing has acquired software company iDGate, looking to use the Taiwanese target's online identity verification technology to enhance security for its own ID cards.

Established in 2013, iDGate offers "electronic know your customer," or eKYC, technology that can enable companies to verify a customer's identity by analyzing a photo, for example. It provides security services to 15 or so financial institutions, including major Taiwanese lender CTBC Bank.

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