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 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.
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.
When we think of digital certificates and signatures, the first applications that come to mind involve financial transactions or other services requiring the signing of formal, legally binding contracts. However, the benefits that qualified electronic signatures/ seals provide under EU law are not at all restricted to only such digital service providers. Today, we explore a significantly different environment facing the same security and trust challenges.
Cryptomathic’s Signer is the only qualified (electronic) signature creation device (QSCD) that is certified under the SO-GIS agreement using the Common Criteria Recognition Arrangement (CCRA). Its security target conforms to the certified protection profile EN 419 241-2.
In this article, we will discuss the Certificate Authority (CA) in the context of eIDAS and what is required of this entity in ensuring the integrity of qualified electronic signatures.
