IDnow publishes electronic signature guide for digital contracts

Categories Biometrics News  |  Trade Notes

IDnow eSign electronic signature guide

IDnow has released the “Quick Guide to Electronic Signatures” to instruct companies how to use electronic signature (eSign) products for digital contract signing, the company announced.

The guidebook could be useful for a variety of applications and industries, according to the announcement. eSign is a tool that helps companies sign contracts online by using a Qualified Electronic Signature (QES), with no extra hardware required. QES is created based on a handwritten signature and has the same legal value.

By switching to electronic signatures, in just a few minutes clients can sign a contract from a remote location without relying on postal services or requiring direct physical contact with other parties. This service has been provided by credit marketplace auxmoney for its clients for many years.

“With IDnow eSign, we create a completely digital application process for our customers producing a seamless journey on a singular device. From the credit application to the conclusion of the contract, all steps can be carried out digitally. This way, the whole process becomes faster and easier for more and more people,” said Arie Wilder, COO of auxmoney, in a prepared statement.

Earlier this month, IDnow published the “Handbook of Fintech Regulations 2020 — How to balance customer experience with increasing AML requirements,” a handbook for fintechs, detailing the geographic and industry-specific differences between KYC regulatory requirements that apply to them.

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