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DriveWealth Teams with Stockal, HDFC Securities to Make U.S. Stock Investing Straightforward, Affordable for Indian Investors

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DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced it has partnered with SV Capital in India to enable fintech firm Stockal and HDFC Securities – one of the largest stock brokerage firms in India – to increase accessibility to the U.S. stock market for Indian investors.  Through this arrangement, Stockal – which has launched its global investment platform for Indian investors – and HDFC Securities will utilize DriveWealth technology and brokerage execution services to offer their clients easy access to U.S. stocks, including in the form of fractional shares that DriveWealth has pioneered.

DriveWealth CEO Robert Cortright said: “We are excited to work with Stockal, which has an innovative track record, and HDFC Securities, one of India’s most established brokerage firms. India is a very important market for us, and this relationship has the potential to have a real impact on expanding opportunities for individuals to have straightforward, affordable online investing experiences related to brands they know and products they use on a daily basis.”

Nandkishore Purohit, Head of Digital Strategy & Analytics at HDFC Securities, said: “Indian investors have been looking for ways to participate in global financial markets. Our partnership with Stockal and DriveWealth helps serve this demand and reinforces our ideology of providing diversified areas of investment to our customers. We want our customers to ride on global growth stories and create a portfolio that benefits from both the Indian and U.S. markets. Being a completely digital platform, we strongly believe that customers will easily warm up to its user-friendly interfaces and will appreciate the simplicity of the investing process. We are excited about collaborating with Stockal and DriveWealth – which has introduced U.S. stock trading through partnerships around the world – and believe that there are many milestones waiting for us to be achieved.”

Vinay Bharathwaj, Founder and MD, Stockal said: “We believe every investor should diversify geographically, and the U.S. market is particularly attractive as it is the largest, most liquid and most transparent market in the world. With HDFC Securities as a partner, we have uncovered significant demand for U.S. investing among Indians. We are making sure thousands of investors are able to participate in the growth of companies they love, and the relationship with DriveWealth helps us to do just that.”

The partnership is the latest in a series of relationships DriveWealth has forged globally on six continents, including recent agreements to increase affordable access to the U.S. markets to investors of all sizes in the U.S., NigeriaIndia and Brazil, as well as in Europe through a groundbreaking offering with Revolut. The firm offers partners such as Stockal and HDFC its unique investing technology, along with a customizable suite of application programming interfaces (APIs) that they can leverage to enhance their services.  DriveWealth, which launched its patent-pending real-time fractional share trading capabilities in 2016, was founded with the mission to democratize investing in the U.S. stock market. The firm is dedicated to eliminating barriers investors typically encounter with legacy brokers, creating its own proprietary infrastructure that allows investors to purchase securities without minimum account balances, high transaction costs or full share quantities.

 

SOURCE DriveWealth

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IDnow Trust Services AB certified as a Qualified Trust Service Provider in the European Union

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IDnow partners with IDnow Trust Services AB to provide qualified electronic signatures, time stamps and seals to its customers and beyond

MUNICH, Nov. 5, 2024 /PRNewswire/ — IDnow, a leading identity verification platform provider in Europe, announces its partnership with newly founded IDnow Trust Services AB, a certified Qualified Trust Service Provider (QTSP) under EU Regulation 910/2014 (eIDAS).1 Founded as a joint venture in Stockholm in early 2024 between IDnow and ESYSCO, a system integrator and technology provider, the company offers qualified trust services, such as electronic signatures, time stamps, and seals, that combine security, compliance, and user convenience.

Innovation and leadership in the digital signature market

As a recognized QTSP in the EU by the Swedish supervisory body Post-och telestyrelsen (PTS), IDnow Trust Services AB will issue, validate, and manage electronic certificates and time stamps; capture additional information, such as qualified time; hold identification evidence data, and perform certificate revocation, while complying as a Certificate Authority (CA). The QTSP provides assurance of the existence of specific electronic data at a specific time, such as proof that documents have been submitted for processing.

One of the features that IDnow Trust Services AB will immediately enable for IDnow’s customers is SMS-free signing. This certified capability simplifies the signing process, eliminating the requirement of One-Time Password (OTP) codes and driving higher conversion rates. IDnow Trust Services AB is the first QTSP that will allow this new user authentication process, which is already acknowledged by different CEN and ETSI standards and which will revolutionize the user experience in the digital signature market.  

New joint venture secures trust and simplifies compliance

“We are incredibly pleased that our joint venture, IDnow Trust Services AB, is already bearing the fruits of our labor. At IDnow, we have long made it our mission to actively shape and lead the Know Your Customer and digital identity industry; we are now once again showing this leadership role by doubling down on trust services, as they are an essential part of the transformation of the digital identity market heralded by eIDAS 2.0,” says Andreas Bodczek, CEO of IDnow.

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He continues: “In the coming years, our customers will benefit from the synergy of identity verification and qualified trust services, ensuring a compliant and efficient experience for all business-critical operations across the EU. This collaboration sets a new standard for trust and operational efficiency, positioning businesses for long-term success in the fast-evolving digital landscape.”

Johannes Leser, CEO of IDnow Trust Services AB, adds: “Trust and liability is the backbone of all business, and it will be the driving force behind the global digital economy. IDnow Trust Services AB is committed to delivering innovative and highly dependable solutions to IDnow, its customers, and partners. With trust as our mutual foundation, we’re poised to revolutionize the European digital signature market, which is expected to be seven times larger by 2030 than it is today.” 

About IDnow

IDnow is a leading identity verification platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.

In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management AG, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform.

The company has offices in Germany, United Kingdom, and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. Its portfolio of over 900 international clients spans a wide range of industries, and includes leading international players, such as UniCredit, Telefonica, Sixt, Crédit Agricole Personal Finance and Mobility, BNP Paribas Personal Finance, and Munich Re, as well as digital champions like N26, Solarisbank, Younited, BoursoBank, and Klarna.

Press contact IDnow

Katherina Riesner
[email protected]
+49 89 41324 6030

About IDnow Trust Services AB

IDnow Trust Services AB is a joint venture between IDnow GmbH and ESYSCO Sp. z o.o. The company is a certified Qualified Trust Service Provider (QTSP) under EU Regulation 910/2014 (eIDAS), compliant with the creation and validation of electronic signatures, electronic time stamps, electronic seals, and certificates related to these services.

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As an eIDAS-certified QTSP, IDnow Trust Services AB leads the way in compliance. It provides omnichannel trust services, including Qualified Electronic Signatures (QES), helps customers conduct cross-border business within the EU, and assists companies in the transition to fully digital processes.

1 The electronic Identification and Signature (eIDAS) regulation defines a QTSP as a natural or a legal person who provides one or more qualified trust services.

Logo – https://mma.prnewswire.com/media/2196749/5005893/IDnow_Logo.jpg

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Sanitas, one of Switzerland’s largest health insurers, embeds Lifelight’s vital signs into customer app

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  • More than 0.5 million customers already trust the Sanitas portal
  • The Chronic Journey included in the app focuses on the detection of high blood pressure with the integration of Lifelight’s remote vital signs technology
  • Sanitas empowers users to obtain indicative estimates of their blood pressure via their own mobile device

LONDON, Nov. 5, 2024 /PRNewswire/ — In a groundbreaking next step for preventative care Sanitas partners with Lifelight, a cutting-edge novel technology to bring blood pressure estimates to its private healthcare app users.

With the Sanitas Portal app, over 0.5m customers already have an overview of their insurance and health related benefits.  App users can be rewarded for exercise, check symptoms, get support with mental health, translate complicated doctor’s bills, scan receipts or quickly check coverage. Customers can also receive valuable support from a virtual assistant and a personal advisory team.

Now with the inclusion of Lifelight, Sanitas is taking a proactive approach to further mitigate health risks.  A chronic illness guide within the app focuses on prevention, detection and management of cardiovascular disease (CVD) through early monitoring and pre-emptive intervention.

The Sanitas Portal is available in German, French, Italian and English. It marks the first time that Lifelight offers full language support.

Lifelight, developed by xim Limited, provides the ability for Sanitas customers to easily check their blood pressure themselves at home, with on-screen instructions to guide them. 

As well as providing fast vital signs readings, one of the key benefits of Lifelight is the user experience – zero contact – no uncomfortable cuff, no need to undress, no wearables – users simply look at their mobile device screen for 40 seconds. 

Often more convenient, Sanitas’ customers can access Lifelight securely from the comfort of their homes or remotely – anytime, anywhere.  This is where Lifelight can really scale, driving efficiencies with improved health outcomes.

Commenting on the joint venture, Evelyne Dürr, digital service project manager at Sanitas stated, “Partnering with Lifelight to bring blood pressure estimates to our health insurance customers is an integral step in our preventative care vision.  We want to empower and encourage our customers to become experts of their own health.  Lifelight’s contactless technology can also be used at home to estimate blood pressure. It provides important information for the early detection of high blood pressure.”

Laurence Pearce, Lifelight’s CEO and Founder said, “We’re motivated to work alongside a well-known established healthcare insurance brand, allowing us to scale Lifelight and support Sanitas’ ongoing preventative care programme.  We look forward to reaching more people in Europe through Sanitas’ Swiss customer base, building on our shared aims to empower everyone who wants to, take responsibility for their health that will improve an individual’s wellbeing, cut healthcare costs and ultimately reduce the risk of CVD.”

For further information please contact:

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Suzanne Congdon[email protected]  https://lifelight.ai/

With over 800,000 insured people and premium income of more than three billion francs, Sanitas (www.sanitas.com)  is one of the largest Swiss health insurers.

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TerraPay and Suyool Join Forces to Enable Instant and Secure Money Transfers to Anyone in Lebanon

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BEIRUT, Nov. 5, 2024 /PRNewswire/ — In a significant step towards enhancing financial accessibility in Lebanon, TerraPay, a global money movement company, has partnered with Suyool, a licensed financial ecosystem regulated by Banque du Liban. This collaboration is set to transform how Lebanese residents send and receive money, addressing the pressing demand for fast, secure, and convenient remittance services.

Lebanon has long been reliant on remittances, with over $6.5 billion transferred to the country in 2023. This inflow, primarily driven by the Lebanese diaspora, underscores the critical need for efficient financial services that can cater to both banked and unbanked populations. As a response to this necessity, Suyool is dedicated to providing an advanced digital wallet solution that facilitates not only local and international payments but also supports financial inclusion for unbanked individuals.

Suyool gains access to TerraPay’s extensive network covering over 144+ receiving countries, 210 sending countries, 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12 billion cards, enhancing the efficiency and reliability of remittances. Suyool can now expand its remittance services for both inbound and outbound transactions, ensuring financial services are accessible to all.

Mr. Arz El Murr, Founder & CEO of Suyool, added, “By partnering with TerraPay, we are able to enhance our service offerings and meet the growing needs of our users. This collaboration will allow us to facilitate faster, more secure transactions, helping to bridge the financial gap for many in Lebanon.”

The remittance corridors into Lebanon remain robust, particularly from the USA, Gulf region, and Europe, which are vital for Lebanese families reliant on financial support from abroad. With around 20% of Lebanon’s population unbanked, Suyool is positioned to serve this demographic effectively, making financial services accessible through its intuitive mobile app.

Ambar Sur, Founder & CEO at TerraPay, expressed enthusiasm about the partnership: “This collaboration deepens TerraPay’s footprint in Lebanon, where there is a strong demand for efficient remittance solutions. Together with Suyool, we are committed to driving financial inclusion and providing reliable payment options to all users. This partnership comes at an exciting time for wallet providers, as we have recently launched the Wallet Interoperability Council to enhance interconnectivity and interoperability for multiple cross-border transaction types, including remittances and merchant payments using wallets.”

This partnership between TerraPay and Suyool represents a pivotal development in the financial landscape, enabling simplified global money movement in the region.

About TerraPay

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks regulated in over 30 global markets. The platform enables payments to 144+ receiving countries, 210+ sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12 billion cards. TerraPay is on a mission to create a borderless financial world, making money transfers instant, reliable, transparent, and fully compliant. Founded in 2014, TerraPay operates in over 12 countries and has built the global digital wallet interoperable network, driving financial inclusion even in the most remote markets. TerraPay is headquartered in London, with offices in cities like Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, and Singapore. Backed by leading investors including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa, TerraPay continues its rapid global expansion.

About Suyool

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Suyool is a licensed financial ecosystem regulated by Banque du Liban (BDL) and originated in Europe. It is built to deliver convenience and security for all financial needs, allowing users to send money to anyone in Lebanon, make local and international payments with the Platinum Debit Card, and perform local payments at merchants using QR codes. Users can also access their money in cash, complete local or international transfers, cash out at over 850+ cash points, or request cash delivery to their door. As an advanced digital wallet, Suyool offers a variety of services, including mobile payments, remittance handling, international transfers, and utility & bill payments. With a strong focus on financial inclusion, Suyool is making banking accessible and easy for everyone, particularly the unbanked, through its intuitive mobile app.

Contact:
Juveria Samrin,
[email protected] 

Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

 

 

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