Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Banking Services
Retail Banking
Return to: BBR Home | Banking Services | Retail Banking

Cryptomathic and SwissSign introduce qualified electronic signature solution for European Banks

Published 10 January 2017

Cryptomathic has announced the launch of its centralised e-signature solution for Qualified Electronic Signatures (QES), in partnership with SwissSign.

Utilising the combined solution for QES, banks and other institutions operating in Switzerland and the EU can now deliver a superior end-to-end digital customer experience by introducing digital signatures that carry the same legally binding status as those that are hand-written.

The solution is deployable across all common digital channels including web browsers and mobile applications. The central signing solution utilises an organisation’s existing authentication infrastructure to deliver QES, allowing organisations to reduce costs, enhance agility, enable digitalisation and minimise liability risks.

The launch of this joint offering coincides with the total revision of the Swiss signature law (ZertES) and the recent enactment of the EU regulation on electronic identification and trust services (eIDAS), providing a new legal framework and set of standards for empowering web applications with eSignature capability.

Cryptomathic and SwissSign successfully passed necessary product and service audits to help banks, government bodies and other institutions in their digitalisation strategy and allow them to sign contracts and other transactions in full compliance with both eIDAS and the requirements of Swiss signature law.

Cryptomathic managing director Guillaume Forget said: “Our Signer solution allows banking and other business applications to offer a fully secure, end-to-end digital signing experience to their customers with the highest assurance level.

“Crucially, our partnership with SwissSign has resulted in an e-signature solution that offers a frictionless user experience combined with the unrivalled trust conveyed in SwissSign services. It leverages existing authentication technology and operates seamlessly within the user’s current browser window. This not only makes the completion of digital transition possible, but also makes the process elegant and convenient for their end-users.”

SwissSign CEO Urs Fischer said: “In the last months we experienced a growing demand for an integration of legally binding signatures in digital processes. We are proud to launch a service that combines probative assurance, flexible integration and non-repudiation with a great user experience.

“This is a real breakthrough; not only does it elevate e-signature services to full compliance with Swiss and EU standards, it also enables a wide range of organisations to lower operating costs and deliver faster and more agile digital services to customers.”

The joint QES solution combines Cryptomathic’s technology excellence in e-signatures with SwissSign’s unrivalled experience in providing secure e-identity. In order to comply with the EU’s new eIDAS regulation, the solution has been certified against relevant standards for the issuance of qualified certificates and for Trustworthy Systems Supporting Server Signing.



Source: Company Press Release