As certain industries are moving ahead with digital transformation projects, online signing processes are a step forward in optimizing business practices.
As certain industries are moving ahead with digital transformation projects, online signing processes are a step forward in optimizing business practices.
Mortgage fraud is a serious crime. Once executed and signed, a mortgage deed is a legally binding contract. The responsibility of trying to prove that signatures have been forged relies on the individual(s) having to prove it. It involves time and cost and, in many circumstances, requires evidence based on expert opinion.
The Conveyancing Association (CA) in the UK has revealed the findings of its 2022 Lender Survey, which it strongly believes will assist in identifying areas where the industry can collaborate to enhance the mortgage and conveyancing process. Within these findings, Qualified Electronic Signatures (QES) play a large part by streamlining processes that are not only compliant with UK Law, but also across the EU, and in compliance with the eIDAS regulation.
In this article, we proposeWhat-You-See-Is-What-You-Timestamp (WYSIWYT) as an attractive alternative to Qualified Electronic Signatures, for certain signing needs where non-repudiable user acceptance and integrity protection are required for a given contract or transaction, i.e. when documents need to be formally accepted, but where no fulfilment form is prescribed by national law.
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.
Looking at the current situation in England and Wales, this article aims to demystify electronic signatures and explain how they can be used in all types of electronic transactions in accordance with UK eIDAS legislation.
The demand for remote digital signatures to enhance security and customer experience continues to grow across the EU as the banking and financial sector moves forward with digitalization, global expansion and technological transformation. This article presents 3 integration options for Cryptomathic’s digital signing solution.
eIDAS provides the technical and legal framework needed for electronic identification and digital signatures to allow the banking industry to digitize its processes fully. This article introduces the technology required for remote signing at a qualified electronic signature (QES) level.
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.