What is Safehub?

The purpose of this project is to create an electronic security and authentication platform for e-procurement documents that is both reliable and interoperable in the European area. This software will be groundbreaking on a worldwide scale, and will achieve one of the essential cornerstones of the Digital Single Market proposed by the European Commission.

All financial service providers need to identify the customer, with a user-friendly and positive experience, while also ensuring a high degree of security, together with providing safe means of e-procurement and acceptance, also with a user-friendly and positive experience.

Nowadays, we can see a low overall maturity among financial service providers in this domain, at the following levels:

• proprietary means of authentication and signing with shortcomings in security, highly exposed to attacks such as those using “social engineering” methods through “phishing” to wrongfully obtain authentication keys and credentials.
• algorithms whose encryption is outdated, applicable on a national scale, using proprietary technology not integrated with business solutions.
• lack of a global registry (ledger) of transactions, nor a secure means of maintaining and consulting them, requiring the involvement of outside entities with the role of “trusted third party”.
• many of today’s browsers no longer support means of NPAPI integration, creating limitations on external authentication and authorization through strong means of non-repudiation. This suggests a need to technologically resolve these limitations.

Among other things, our proposed technology platform will allow the opening of bank accounts and e-procurement of financial transactions in the European area, without any need for those involved to be physically present.