Entrust, an American digital security and credential issuance solutions provider, announced that it has signed a deal to acquire Antelop Solutions, a Paris-based fintech that enables financial institutions to issue secure digital credit and debit cards to their customers.

This move looks to combine Antelop’s solutions with Entrust’s card issuance portfolio.

Antelop Solutions has about 30 employees who will join Entrust with the acquisition, including founder and CEO Nicolas Bruley.

He will continue to lead this team to advance digital financial credential solutions at Entrust.

The acquisition is expected to close in the next several weeks.

Entrust’s solutions help banks and financial institutions create integrated, seamless digital and physical financial card and payment experiences for their customers.

Meanwhile, Antelop Solutions which was founded in 2014 has a customer base includes more than 40 banks in 25 countries.

“Consumers want to transact seamlessly and securely, around the world and across platforms. Banks, credit unions and other financial institutions need to make both digital and physical card payment options secure and easy for their cardholders.

 

Entrust is the world leader in secure payment card issuance — the combination of Entrust and Antelop Solutions will empower financial institutions with an unmatched portfolio of digital and physical credential issuance and transaction security solutions.”

said Todd Wilkinson, CEO of Entrust.

“We are extremely pleased to join the Entrust team. As a certified Visa, Mastercard and Cartes Bancaires (CB) partner, we can deliver fast, secure integration of all card features onto a single digital payment credential.

 

This empowers banks, credit unions and other issuers to offer true digital-first payment credentials that fully align with consumer expectations for simplicity and security.”

said Nicolas Bruley, CEO of Antelop Solutions.

This article first appeared on Fintech News Switzerland. 

Featured image: (From left) Todd Wilkinson, CEO of Entrust and Nicolas Bruley, CEO of Antelop Solutions