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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.

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Visionet strengthens European presence with the strategic acquisition of Rödl Dynamics

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CRANBURY, N.J. and BERLIN, Nov. 5, 2024 /PRNewswire/ — Visionet Deutschland GmbH, a subsidiary of Visionet Systems Inc., has announced the acquisition of Rödl Dynamics GmbH. Rödl Dynamics GmbH is an affiliate of Rödl & Partner, one of the largest auditing and consulting firms in Germany. Rödl Dynamics specializes in digital transformation solutions with a focus on Microsoft Dynamics ERP, CRM, and Business Intelligence for medium-sized enterprises. This acquisition strengthens Visionet’s local presence in Germany and bolsters its Microsoft Dynamics offerings in the European market. With the combined expertise of a robust onshore team and Visionet’s global delivery expertise, Visionet is poised to deliver scalable digital solutions across industries, solidifying its position as a leading digital solutions provider in Europe.

This acquisition marks a significant milestone in Visionet’s global growth strategy, bringing us closer to our goal of $1 billion in revenue. Together, we are well-positioned to leverage our global consulting and delivery expertise to drive digital innovation and support enterprise customers in achieving their strategic goals,” stated Kamran Ozair, CEO of Visionet Systems Inc.

With Rödl Dynamics, we are even better equipped to deepen our impact in the European region. This acquisition strengthens our Microsoft consulting capabilities globally, allowing us to expand our offerings to a broader customer base and solidify Visionet’s position as a trusted advisor for digital transformation,” added Ali Zubairy, Head of Europe & UK, Visionet Systems Inc.

“We are gaining an incredibly talented team from Rödl Dynamics. I would like to welcome Andreas Palsbröker and Rene Richartz, the Managing Directors of Rödl Dynamics who will play a crucial role in the growth of Visionet Deutschland,” said Adeel Edhi, General Manager, Visionet Deutschland.

With this strategic acquisition, Visionet Deutschland benefits from an expanded base of customers and a skilled Microsoft consulting team. The acquisition also strengthens Visionet’s consulting and data capabilities, particularly in the areas of finance, supply chain, manufacturing and retail.

The combined expertise and expanded pool of certified professionals allows Visionet to offer first-class digital transformation solutions, far beyond ERP, to both national and international clients.

The acquisition is supported and advised by Visionet Ventures, the innovation and incubation arm of Visionet Systems Inc. that partners with visionary entrepreneurs to accelerate growth and create lasting impact.

About Visionet Systems Inc.
Visionet is a leading IT services firm delivering digital experiences, enterprise modernization, Data & AI applications, and managed IT services. We leverage digital, data, and cloud technologies to meet clients’ needs efficiently. Serving diverse sectors, we simplify complexities and foster innovation. With a global presence, Visionet ensures measurable business impact and a unique partnership experience.
Learn more at visionet.com.

About Rödl Dynamics GmbH

Rödl Dynamics GmbH, an affiliate of Rödl & Partner, focuses on the digital transformation of business processes, delivering tailored ERP, CRM, and Business Intelligence solutions. Leveraging the full Microsoft technology stack, Rödl Dynamics integrates seamless digital solutions for medium-sized enterprises, especially in the retail and services sectors.

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For more information, visit Microsoft Dynamics 365 erfolgreich einführen | Rödl Dynamics (roedldynamics.de)

For media queries, please contact [email protected].

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SynFutures Introduces the First ‘Perp Launchpad’ with $1M Grant to Support Emerging Token Projects

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The new product enables anyone to launch perpetual futures markets for any asset, fostering innovation in the DeFi space amid the rise of memecoins and long-tail assets.

HONG KONG, Nov. 5, 2024 /PRNewswire/ — SynFutures (www.synfutures.com), a leading decentralized derivatives protocol, today announced the launch of its Perp Launchpad, the first launchpad product focused on derivatives markets rather than spot markets. The new product allows any project to launch perpetual futures markets for any native asset. Alongside this launch, SynFutures is unveiling a $1 million Perp Launchpad Grant program to support emerging projects in listing their tokens and enhancing their visibility within the rapidly expanding on-chain markets.

The crypto market has recently witnessed a surge in memecoins and other long-tail assets capturing the attention of retail traders. Designed to complement trending spot markets with open and efficient derivatives markets, SynFutures’ Perp Launchpad enables projects to unlock new token demand and utility, providing their communities with passive LP (liquidity provider) rewards and more ways to trade and hedge risk through leveraged perpetual futures trading.

Perp Launchpad also pioneers the on-chain derivatives space by supporting coin-margined perp markets with single token concentrated liquidity, as well as a vault feature that helps optimize liquidity to generate consistent yields for liquidity providers.

Launching First on Base

The initial launch of Perp Launchpad will take place on Base, allowing projects to launch perp trading pairs for any native asset on the growing L2 network. The launch follows a successful launchpad pilot program with established LST, LRT, and stablecoin projects like Lido, Solv Protocol, and PumpBTC.

SynFutures has been a significant contributor to the Base ecosystem growth. Since the Base expansion of V3, the latest iteration of the SynFutures protocol in July 2024, SynFutures has accounted for more than 50% of the total derivatives trading volume on Base, amounting to over $23 billion in cumulative trading volume and 138,000 on-chain users.

$1 Million Grant Program for Emerging Projects

To further support emerging projects and cultivate a thriving on-chain derivatives ecosystem, SynFutures has allocated $1 million through the Perp Launchpad Grant. Individual projects can receive grants in the form of campaign support, liquidity provision, and trading incentives, as well as co-marketing and promotional support to activate new listings.

“Providing access to derivatives markets for emerging tokens is crucial in today’s dynamic trading environment,” said Rachel Lin, Co-Founder and CEO at SynFutures. “By enabling perpetual futures markets for new and trending tokens, we’re not only meeting the market demand but also supporting the growth and diversification of the DeFi ecosystem. Our Perp Launchpad and Grant Program are designed to empower these projects, offering them the tools and resources they need to bring more utility and depth to their tokens.”

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The Perp Launchpad Grant builds upon SynFutures’ successful track record of supporting emerging tokens. Previous initiatives like the DAO Perps Program and Meme Perp Summer have supported various projects, including DEGEN and MEW, both of which have seen significant success since their listings on V3 in July and August 2024, respectively.

Unique Opportunities for Traders

For traders, the Perp Launchpad offers the chance to access a wider range of assets, including trending tokens that may not be available on other platforms across CeFi and DeFi. As memecoins and long-tail assets continue to drive attention, traders can engage in leveraged trading to capitalize on market movements and potential arbitrage opportunities. The platform also offers various incentives such as trading competitions and promotional events, providing traders with additional avenues to enhance their returns while participating in the on-chain economy.

Applications Now Open

Applications for the Perp Launchpad Grant are now open and will be accepted on a rolling basis. Eligible projects are encouraged to submit applications via the application form, check eligibility requirements at http://launchpad.synfutures.com/.

About SynFutures

SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and on-chain order book model.

Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.

 

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Taking Stock: Industry Leaders Discuss Private Equity’s Evolution and Future to Mark Dechert’s 40th Anniversary in PE

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LONDON, Nov. 5, 2024 /PRNewswire/ — 2024 marks the 40th anniversary of Dechert’s global private equity practice. In a special episode of the podcast Committed Capital, Blackstone’s Christopher JamesKKR’s John Park, and AB Private Credit Investors’ Jay Ramakrishnan join Ken Young, co-chair of Dechert’s corporate and securities practice and co-head of the global private equity group, to reflect on the evolution of the PE industry, from its humble beginnings to its current scale and complexity. 

Among other topics, they discuss the diversification of investment strategies from pure buyout shops to massive alternative asset managers, the evolution and the role of private credit in the private equity ecosystem, and the increasing ability for retail investors to access private markets strategies.

Listen to the full podcast here.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.

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