Digital Signature for Banking, Finance & Insurance

Overview

The economic climate has changed dramatically. The costs of interacting with customers and other third parties in traditional ways are constantly increasing. It is clear that there are dramatic savings to be made by eliminating paper based processes and replacing them with faster, accurate, auditable workflows using e-documents.

Digital / electronic identities (eIDs) can be used to identify internal users or workflow processes so that individual documents can be approved and digitally signed. For high volume signing in processes such as e-statements, e-invoices and other reports automated server-side corporate digital signatures are required, with adequate authorisation controls. Such digital signatures provide excellent authenticity, traceability and control compared to paper-based processes. Complex documents such as financial instruments, insurance policies and agreements can be easily handled on-line and signed by both parties to avoid time delays, mistakes, increase accuracy and completion rates.

Legal Compliance

All G20 countries have enacted legislation that recognises digital signatures (or electronic signatures) as equivalent to hand-written signatures. Usually these need to be produced according to specific requirements. (e.g. the EU Directive on Electronic Signature 1999/93/Ec of European parliament and council). However any digital signature can be used to identify the confirming user or system or organisation. Digital certificates can be issued by a high-trust or mid-trust or other Certificate Service Provider or even using an internal CA.

Ascertia’s products have been designed to be compliant with a range of digital signature legislations and regulatory frameworks, including EU law (EU Directive for Electronic Signatures), EU Directive for E-Invoicing, IdenTrust, US Electronic Signatures in Global and National Commerce Act (E-Sign), The Health Insurance Portability and Accountability Act (HIPAA), 21 CFR Part 11 (a regulation governing the use of electronic or digital signatures within the pharmaceutical industry), Sarbanes-Oxley Act (SOX) and others.

Why Ascertia?

There are very good reasons for choosing Ascertia digital signature products for financial projects and these include:

  • Ability to approve and apply electronic or digital signatures to any type of document:
    Ascertia’s products offer the widest support for digital signature formats and standards and the greatest flexibility in how to implement these. The products support PDF, XML, PKCS#7, CMS, S/MIME and PKCS#1 digital signatures as required to sign business documents.
  • Ability to provide fast, scalable eID validation
    To provide strong identity assurance and to grant access to systems and applications over a mutually authenticated SSL connection, usually working in conjunction with IAM systems
  • Long-Term Digital Signatures
    Ascertia is a clear leader in creating long-term digital signatures which can be verified many years in the future, an essential requirement for most government related data. We support all the ETSI XAdES and CAdES as well as latest PAdES (PDF format) profiles.
  • Multiple Signing in Options
    Different applications have different needs for how digital signatures are created. Some require server-side batch-signing in features, some require digital signatures to be created locally by users that have eID smartcards or secure USB tokens. Others even want key and certificate roaming solutions that offer virtual “smartcards”. Ascertia’s ADSS Server and Go>Sign Applet already provide all these options and more.
  • Multi-Platform Support
    Organisations cannot control which systems and browsers end-users will work with when submitting documents. It is essential the digital signature and encryption solutions work on any platform with any browser and support multi-lingual capability. Go>Sign Applet supports all Windows platforms as well as many Linux versions and has also been tested in various browsers.
  • More than just digital or electronic signatures
    Digital signature creation is only one part of the solution that e-Gov initiatives need - there are also requirements for digital signature verification, trust anchor management, key management, certification, real-time certificate validation, time-stamping and secure long-term archiving. ADSS Server is unique in being able to address all these requirements in one multi-function server. All these services are based on leading industry standards including OASIS DSS & DSS/X (singing, verification and encryption), RFC 3161 (timestamping), IETF LTANS (archiving), RFC 6960 (OCSP validation), RFC 5055 (SCVP validation), W3C XKMS (validation), etc.

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Years of Digital Signature
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