NET DIGITAL AG launches innovative AI product airis:ident for fully
automated and legally compliant identity verification worldwide

EQS-News: net digital AG / Key word(s): Product Launch/Miscellaneous
NET DIGITAL AG launches innovative AI product airis:ident for fully
automated and legally compliant identity verification worldwide

13.06.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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NET DIGITAL AG launches innovative AI product airis:ident for fully
automated and legally compliant identity verification worldwide

  * airis:ident enables fully AI-supported identity verification (KYC) of
    end customers within a few seconds

  * KYC coverage of over 13,000 identity documents with authentication for
    more than 200 countries

  * Extensive savings potential and increased efficiency in identity
    verification

* Test operation successfully completed, go live has taken place

* Broad product rollout planned for Q4 2024

Düsseldorf, 13 June 2024 - net digital AG (ISIN: DE000A2BPK34, ticker
symbol: VRL) has launched an innovative, fully automated identity check
based on its AI platform for more than 200 countries worldwide. Within
around 10 seconds, the new airis:ident product verifies the authenticity of
the ID document and the identity and age of a person for the respective
jurisdiction in a legally compliant manner. The data is based on over 13,000
identity documents, such as passports, ID cards, driving licences and
residence permits, which the person to be identified submits online as a
photo together with a selfie in just a few steps. The identity check also
covers older documents. The applicable legal requirements are fully met
during the check, which takes just seconds.

The AI solution, which was developed by the net digital group subsidiary
irisnet, automatically compares the selfie of the person to be identified
with the document data with integrated authentication. If the authenticity
of the document and the identity of the person are confirmed by the AI, the
document data is automatically read out and transmitted to the client.

AI-based identity verification eliminates the need for time-consuming and
cost-intensive online verification using human video agents. As a result,
the cost of an identity check with airis:ident is only a fraction of that of
conventional methods. The sometimes necessary updating of the KYC process is
also simplified and significantly improved. The relevant data and
confirmation of identity are immediately available to the company placing
the order. Waiting times for the customer during identification are
eliminated, as is delayed authorisation. airis:ident addresses all areas in
which age verification or identity checks are required.

The test phase has been successfully completed. The go live will follow in
Q2. The first customer for airis:ident is a mobile phone provider. A broad
market launch is planned for Q4 2024. An expansion to identification in the
financial sector is planned, as is further technological development. In a
next step, identification via video stream is planned, which represents
further significant added value in terms of user-friendliness and
acceleration of the overall process. All the users must do is hold their ID
document together with their face in front of the mobile phone camera during
a video recording. The AI then reads the relevant data from the document in
real time, compares it with the person's video stream via facial recognition
and checks the authenticity of the document.

Theodor Niehues, CEO of net digital AG: "Everyone will benefit from our
AI-based identity verification, which can be used worldwide: Customers will
be able to purchase goods and services more easily over the internet.
Retailers and providers will not only make massive cost savings but will
also be able to seamlessly document that they fulfil the relevant regulatory
requirements. We will set a new standard in this area that is so important
for e-commerce."

airis:ident is a digital product with a very high margin and significant
annual growth rates. The new product complements net digital's existing
product portfolio in acquiring new customers and also has considerable
cross-selling potential with existing customers.

About net digital AG

net digital AG is a partner of many medium-sized and large companies from
the telecommunications, media and entertainment industries. It develops
global and individually adapted digital payment solutions with a focus on
digital content distribution via its own technology platform. The solutions
for the distribution of contents centre on the areas of entertainment, music
and videos. The around 250 international customers of net digital AG
include, for instance, large telecommunications and media groups as well as
various public transportation companies. Through its technology platform,
net digital AG reaches more than 100 million consumers. The shares of net
digital AG are traded on the Frankfurt Stock Exchange under the symbol "VRL"
(ISIN: DE000A2BPK34, WKN: A2BPK3).

Contact net digital AG

+49 (0) 211 97 53 55-0
ir@net-digital.com

Contact Finance and Business Press for net digital AG

edicto GmbH
Ralf Droz / Axel Mühlhaus
+49 (0) 69 90 55 05-54
netdigital@edicto.de


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13.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        net digital AG
                   Niederkasseler Lohweg 175
                   40547 Munich
                   Germany
   Phone:          +49 89 3065 9216
   E-mail:         ir@net-digital.com
   Internet:       www.blackpearl.digital / www.net-digital.com
   ISIN:           DE000A2BPK34
   WKN:            A2BPK3
   Listed:         Regulated Unofficial Market in Dusseldorf
                   (Primärmarkt), Frankfurt
   EQS News ID:    1923817

End of News EQS News Service
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1923817 13.06.2024 CET/CEST