InfoCert is the first Qualified Trust Service Provider (QTSP) in Europe to be accredited to issue LEI codes
The GLEIF International Foundation has accredited InfoCert to issue LEIs codes in various European countries. LEI were made mandatory by the latest Market in Financial Instruments Directive (Mifid II)
Rome, 4 June 2020 – InfoCert (Tinexta Group), the largest Certification Authority at European level, announces that it has been accredited by the Global Legal Entity Identifier Foundation (GLEIF) as a Local Operating Unit (LOU) authorised to issue Legal Entity Identifiers (LEI). LEIs are 20-character, alphanumeric codes which are mandatory for some legal entities engaging in financial markets, where their identity must be certain. Accreditation is not only related to Italy but extends to Spain and Luxembourg where InfoCert operates through its subsidiaries Camerfirma and LuxTrust.
GLEIF, a not-for-profit foundation headquartered in Basel, Switzerland, was founded by the Financial Stability Board, composed of the representatives of Central Banks, Government Entities and Regulatory Authorities of approximately 25 jurisdictions. GLEIF’s role is to support the implementation and use of the LEI globally to increase transparency in financial markets via the clear and unique identification of legal entities participating in financial transactions, thus containing market abuse and financial fraud. Currently more than 1.6 million of LEI codes have been issued worldwide.
The LEI code is the first instrument devised for the unique identification of financial institutions’ clients at a global level. In fact, LEI codes enable the identification of legal entities operating in financial markets in any country around the world.
InfoCert is the first European QTSP authorized to issue LEI codes, allowing it to further enrich its portfolio of Trusted Services. Thanks to this accreditation, InfoCert will be able to strengthened its leadership position as Digital Trust provider of the corporate world.
As from today, in fact, companies can obtain through InfoCert their LEI code bundled with PSD2 certificates, website certificates, digital identities, digital signature certificates, electronic seals and registered e-mail.
“Today’s accreditation represents a step forward in our strategy aimed at enhancing the value of Digital Trust in the financial sector. It also enables InfoCert to strengthen its position as a leader in the supply of digital trust services at international level” saysCarmine Auletta, Chief Innovation & Strategy of InfoCert Tinexta (Group).“At the same time, digital certificates issued by InfoCert are a great opportunity to strengthen and accelerate the adoption of LEI codes. In fact, while LEI codes enable the unique identification of legal entities at global level, digital certificates ensure the completion of any digital transaction in a secure, reliable and legally-binding manner. By combining the LEI and the Certificate it is possible to maximise their reciprocal benefits and to guarantee the highest level of security to final adopters.
“GLEIF is delighted to welcome InfoCert as a LOU,” says Stephan Wolf, CEO of GLEIF. “This marks a further step towards meeting our goal of making standardized digital signing with the LEI available to all. Because of its inherent trust credentials, the LEI delivers value in simplifying entity identification management. We’re confident that InfoCert will provide valuable assistance to regulators and financial market participants, helping firms to comply with regulation and ensure enhanced trust when operating in the global digital economy.”
InfoCert, Tinexta Group, is the largest European Certification Authority, active in over twenty countries. The company provides digitalization, eDelivery, Digital Signature and digital document storage services and is an AgID accredited digital identity manager in the context of the Public System for the management of Digital Identity. InfoCert invests significantly in research and development and in quality: It holds a significant number of patents while the ISO 9001, 27001 and 20000 quality certifications show its commitment to the highest levels in the provision of services and in the management of security. The InfoCert Information Security Management System is certified ISO/IEC 27001:2013 for EA:33-35 activities. InfoCert is the European leader in offering Digital Trust services fully compliant with the requirements of the eIDAS Regulation (EU regulation 910/2014) and of the ETSI EN 319 401 standards, and the company aims to grow even more internationally also through takeovers. Since 2018 it has owned 51% of Camerfirma, one of the main Spanish certification authorities, and 50% of LuxTrust, a leading Digital Trust company in Luxembourg. Lastly, InfoCert owns 80% of the shares of Sixtema SpA, the technological partner of the CNA (General confederation of Italian crafts) world, which provides technological solutions and consultancy services to SMEs, trade associations, financial intermediaries, professional studios, and institutions.
Tinexta S.p.A. listed on the STAR segment of the Milan Stock Exchange, obtained the following consolidated results as of December 31st, 2019: Revenues of € 258.7 million, EBITDA of € 71.3 million and a Net profit of € 28.8 million. Tinexta Group is one of the leading operators in Italy in the three business areas: Digital Trust, Credit Information & Management, and Innovation & Marketing Services. The Business Unit Digital Trust provides, through the companies InfoCert, Visura, Sixtema, the Spanish company Camerfirma as well as the Luxembourg joint venture LuxTrust, products and services for digitization, electronic invoicing, certified electronic mail (CEM) and digital signatures as well as services for professionals, associations and SMEs.
In the Credit Information & Management Business Unit, Innolva offers services to support decision-making processes such as chamber and real estate information, aggregate reports, concise ratings, decision models, credit assessment and recovery and RE Valuta offers real estate services, including appraisals and assessments. In the Innovation & Marketing Services Business Unit, Warrant Hub is a leader in facilitated finance and industrial innovation consultancy, while Co.Mark provides Temporary Export Management consultancy to SMEs to support them in business expansion. As of December 31st, 2019, the Group’s staff numbered approximately 1,293 employees.
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