Signing the way to eIDAS Compliance

by Stefan J.K. Hansen on 20. April 2018

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

The European Union (EU) regulation for Electronic Identification and Trust Services (eIDAS) has made a significant impact in the completing the customer journey with e-commerce and digitization of transactions using secure digital signatures. 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.

New Call-to-actionIn the simplest of definitions, a Qualified Electronic Signature carries the equivalent legal effect as a handwritten signature and can be used as evidence within legal proceedings.

The major growth drivers of the digital signature market include:

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

 

As a result, the eIDAS legislation leads the way to digital signature acceptance, providing a variety of benefits to 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, and  introduces Cryptomathic’s approach to deploying remote signing technology, in terms of user experience, security, legal acceptance, scalability and the 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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