Implementation Of Digital Signature In Banking

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How banking sector can implement more security
with digital signature devices?
By Sarah Minhaz https//www.sigplex.co.uk
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Some banking procedures such as account openings,
loans, mortgages, and investments requires loads
of papers to be Signed by the customer, from the
initial form filling to the final documentation
of the transaction This leads to huge costs
(paper, toner, delivery) and longer delays.

By Sarah Minhaz https//www.sigplex.co.uk
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Banks and credit unions can significantly
reduce the risk of fraud by implementing a
verification system of electronic signatures
using the biometric data captured with an Sigplex
signature pad. Signature authentication can be
performed quickly and securely thanks to the
encrypted data transfer between the Sigplex
signature pad and the PC, tablet or smartphone.
By Sarah Minhaz https//www.sigplex.co.uk
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• Public Key Infrastructure (PKI) technology is an
  encryption verification technology, which offers
  the highest standard of verification for
  identifying an individual signature.
• This results in the reduction of compliance risk
  in several areas, including fewer errors on
  signed documents, templates to standardise and
  lock down documents, tracking functionality that
  provides an audit trail, and integrations with
  document repositories that ensure documents are
  properly stored.

By Sarah Minhaz https//www.sigplex.co.uk
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• A paper document can be modified after being
  signed by an unauthorized person, but to forge
  e-signatures is virtually impossible, the
  integrity of the data is assured.
• In fact, electronic signatures guarantee
• Authenticity of both sender and recipient
• Integrity the system detects any alteration in
  transmitted data
• Non-repudiation neither party can contest the
  signed document.

By Sarah Minhaz https//www.sigplex.co.uk
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Electronic signature policy and technology
create incredible potential in the financial and
banking sector, however, it would be naive to
claim that transitioning to the technology isnt
an important commitment. Check out our range of
e-signature devices to be used in banking and
financial services to reduce your organisations
time and various resources.

By Sarah Minhaz https//www.sigplex.co.uk
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