Cryptomathic Blog

Certain industries have a necessity to protect confidential information as well as a requirement for authentication - proving that a document was sent by a particular person. In this blog post, we will not be looking at why specific industry sectors SHOULD use electronic signatures, instead, we aim to educate the reader on where and why certain sectors NEED to use them.

In the last few years, a number of digital mortgage lenders have entered the market. These lenders have been described as ‘disruptive’ - entering with an aim to simplify and streamline processes, and ultimately, reduce turnaround times.

The eIDAS Regulation (No 910/2014) (EU eIDAS) came into force in 2016. It created a Europe-wide legal framework for electronic identification, transactions and signatures. How has this cross-border digitalization drive been impacted by Brexit for digital transactions between the EU & UK?

As part of the global drive for digital transformation, legally binding digital signatures are at the forefront of many businesses’ ambitions to provide an enhanced and complete digital customer journey. Even though most people can understand the general concept of digital signatures, reaching the highest level of assurance with a Qualified Electronic Signature contains quite a few things to consider.

Here we provide a high-level comparison between Cryptomathic Signer and other eIDAS remote signing solutions available in the market.

The COVID-19 pandemic put many industries to the test as they found alternate ways to serve their customers and manage to survive the crisis. The banking and finance sector may have already been ahead of the curve with digitalisation.

Globalization has continued its inexorable march over the last decades. The movement of everything from capital, labor, ideas, goods, and services across borders has made the world a smaller place. International organizations create the rules that define and guide interactions between people and nations. In parallel, we are seeing another revolution - digitizing our economy at a breath-taking pace.

What You See is What Your Sign (WYSIWYS) is a term that is used to describe an enhanced level of data integrity within a digital signature system. Its purpose is to ensure that the content of a signed message cannot be altered, whether intentionally or accidentally (non-repudiation).

A Forrester Research survey found that documents with electronic signatures reduced the error rate by 80% and improved productivity by as much as 85%. Such statistics highlight the potential disruptive power of technologies such as eSignature and eIdentification in transforming digital businesses.

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.