Were I to ask you what a handwritten signature looks like, with an air of confidence will you grab a pen and scrawl your name on a piece of paper, or, with a flourish, will you grip your thumb and fingers together and, sign your name in the air? 'Voila!’
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 intent of the eIDAS regulation is to create a portfolio of technical and legal standards that enhance the security, legal validity, and acceptance of electronic transactions used to conduct business online or official business across EU member state borders.
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.
The eIDAS regulation provides both the technical and legal framework for electronic identification and digital signatures that the banking sector needs to fully digitalize its processes and go paperless.
This article looks at 3 alternative deployment options for remote signing, catering for 3 different business models. The choice of the option will depend on the financial institution’s specific situation and strategic goals. This article gives guidance.
If SMEs are the backbone of an economy, professional service providers are the ones who grease the cogs of that machinery. Notaries, accountants, insurance agents, consultants, etc. provide value-added services that are indispensable to the operations of a business in the 21st century. In a previous article, we touched upon how eIDAS can be leveraged for professional service providers.
Last week order for 186 double-decker trains was nullified due to a legal formality surrounding the Qualified Electronic Signature used to ink the deal. Guillaume Forget, Managing Director and e-signature specialist of Cryptomathic GmbH, unpacks what went wrong and highlights what businesses everywhere can learn from the debacle.
