Nect is integrated as a complementary solution into the onboarding of investors and the subscription processes of ACE ALTERNATIVES, providing fund management customers with an even faster, more efficient, and highly secure solution for digital signatures.
Hamburg/ Berlin, 2023-03-07 Nect and ACE ALTERNATIVES (“ACE”), the Berlin-based NEO fund admin and fintech for technology-driven servicing of alternative investment funds, have joined forces to integrate Nect Sign into ACE’s proprietary digital onboarding and subscription process. Nect Sign meets the high regulatory requirements for a QES and enables secure, digital signing of contracts and documents. Effective immediately, Nect’s solution is helping to make ACE’s processes even faster and easier.
Technological security and efficiency are at the heart of the partnership between Nect and ACE. Nect Sign meets the high security requirements for electronic signatures set out by the European eIDAS Regulation, which require identity verification before the signing process. The authenticity of the verification is ensured by Nect’s patent-pending security module “Put Your Face Here”, in which users must move the front of their ID card multiple times into a randomly specified position on the screen. This ensures that the person is a real human being. Image-based manipulation is therefore virtually impossible. The highly secure process with Nect Sign takes only a few minutes and also enables multiple signatures on a single document.
The unique combination of both partners’ technologies enables significant optimization of comparable existing subscription processes. As early as the end of 2022, Nect Sign was successfully tested by ACE for the subscription process as part of fund management. The service will be rolled out further in the first and second quarters of 2023.
Nect GmbH was founded in 2017 by Benny Bennet Jürgens and Carlo Ulbrich and is one of the leading providers of digital, AI-based identification solutions in Germany.
All solutions are provided via the company’s own app, the Nect Wallet. In addition to Nect Ident, which includes identification via automated video ident, eID, ePass, and a reuse function, the company offers Nect Sign, a solution for qualified electronic signatures (QES). The technology developed and patented by Nect is used by, among others, R+V Versicherung, ADAC, BARMER, and Telekom Deutschland.
Data security and data protection are a key focus of Nect’s solutions. This is ensured both by the complete in-house development of the software components and by using data centers in Germany with an exceptionally high security level, as well as by not using cloud solutions.
ACE ALTERNATIVES (“ACE”) is a NEO tech-based provider of managed services platforms in the alternative investments space, with a focus on venture capital, private equity, fund of funds, private real estate, and more. Through innovative digital processes and decades of operational industry experience, ACE offers flexible and tailored solutions for fund managers who want to outsource their fund administration, compliance, and ESG requirements.
