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 more than twenty countries. The company provides digitization, e-Delivery, digital signature and digital preservation of documents and is an AgID-accredited digital identity manager in the SPID (Public System for Digital Identity Management) system. InfoCert invests heavily in research and development and in quality: it holds a considerable number of patents, while the ISO 9001, 27001 and 20000 quality certifications attest to its commitment at the highest levels to service delivery and security management. The InfoCert Information Security Management System is ISO/IEC 27001:2013 certified for activities EA:33-35 InfoCert is the European leader in offering Digital Trust services that are fully compliant with the eIDAS Regulation (EU 910/2014) and ETSI EN 319 401 standards and seeks to increase its global growth, including through acquisitions. Since 2018, it has owned 51% of Camerfirma, one of the main Spanish certification authorities, and 50% of LuxTrust, a leading company in Digital Trust in Luxembourg. Finally, InfoCert owns 80% of the share capital of Sixtema SpA, the technology partner for CNA – Confederazione Nazionale dell’Artigianato (National Confederation of Artisans), 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, reported the following preliminary consolidated results as at 31 December 2019: Revenues of € 258,7 million, EBITDA of € 71,3 million and net profit of € 28,8 million. Tinexta Group is among the leading operators in Italy in three business areas: Digital Trust, Credit Information & Management and Innovation & Marketing Services. The Digital Trust Business Unit, through the companies InfoCert, Visura, Sixtema, the Spanish company Camerfirma as well as the Luxembourg joint venture LuxTrust, provides products and services for digitalisation, electronic invoicing, certified electronic mail (CEM) and digital signature, in addition to services for professionals, associations and SMEs. In the Credit Information & Management Business Unit, Innolva offers services to support decision-making processes such as Chamber of Commerce and real estate information, aggregate reports, summary ratings, decision-making models, credit assessment and collection, while RE Valuta offers real estate services, including appraisals and valuations. In the Innovation & Marketing Services Business Unit, Warrant Hub is a leading provider of subsidised finance and industrial innovation, while Co.Mark provides Temporary Export Management consultancy to SMEs to support their commercial expansion. As at 31 December 2019, the Group had 1.293 employees.
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