Technology developers note that the accelerated digitalisation brought about by the Pandemic has highlighted cybersecurity gaps, making fintech security solutions one of the most receptive areas for innovation. "Idenfy", a startup based in Kaunas Science and Technology Park that develops digital tools for identity authentication, has scaled in foreign markets and found new customers in Europe, the US, Asia and Australia.
In early November, the team was awarded the Baltic Innovation Prize by the Baltic Assembly together with the Baltic Association of Science and Technology Parks and Innovation Centres (BASTIC). At the end of the month, the Lithuanians will test an app for border security.
"The Lithuanian solution has been recognized by the Baltic innovation community not only because of the current demand for such cybersecurity solutions. The team is also distinguished by its consistent growth, scaling and its active role in educating the society," says Tomas Černevičius, a member of the BASTIC Board and Head of the Operational Department at Kaunas Science and Technology Park.