Signing the way to eIDAS Compliance

by Stefan J.K. Hansen on 20. April 2021

With the advent of comprehensive regulatory standards for digital signatures, remote electronic signatures within the EU is now possible for international contracts and transactions to get signed without delay, saving thousands of €/£/$ in travel expenses, reducing paperwork, enabling the processing of documents more easily and securely and environmentally friendly.

The European Union (EU) regulation for Electronic Identification and Trust Services (eIDAS) has significantly impacted the customer journey with e-commerce and digitization of transactions using secure digital signature solutions. There is a strong drive towards remote signing technology, compliant with eIDAS legislation, for electronic signature usage across Europe. The eIDAS standards classify two types of secure digital signatures

  1. the Advanced Electronic Signature and
  2. the Qualified Electronic Signature.

In the most basic terms, a Qualified Electronic Signature has the same legal effect as a handwritten signature and can be used as evidence in court.New Call-to-action

 

The major growth drivers of the digital signature market include:

 

  • reduced business operational costs,
  • superior customer experience, and
  • enhanced security and control.

Therefore, the eIDAS legislation paves the way for accepting digital and electronic signatures, which has many advantages for both consumers and service providers.

The realization of regulatory standards that legally support digital signatures is a strong business driver, but if not carefully approached, it can add significant overheads to business operations and does not necessarily result in better security. It is critical that compliance requirements and the processes needed to achieve them are built into a solution from the outset.

The white paper, ‘eIDAS Compliant Remote eSigning,’ facilitates a high-level overview of the eIDAS regulation and how a business can deliver QES services to its customers. The paper explores the business drivers and wider market potential. It describes Cryptomathic’s approach to deploying remote signing technology in terms of user experience, security, legal acceptance, scalability, and the types of business models available for the most cost-effective solution.

 

Download white paper

References and Further Reading

 Image: European Flags, courtesy of FutureAtlas.com, Flickr (CC BY 2.0)

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