eIDAS - ZerTES
Easily implement use cases with regulated electronic signatures. Qualified Electronic Signature is recognised in CH and EU as equivalent of hand-written signatures.
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Easily implement use cases with regulated electronic signatures. Qualified Electronic Signature is recognised in CH and EU as equivalent of hand-written signatures.
Reduce operational costs by digitalising manual operations and paper related expenses with the correct level of electronic signature.
Implement use cases with official seals of the bank like quarterly performances, general conditions, invoices, order confirmations and many more.
Fully digitalise transaction based processes by integrating any backend. Several core banking are supported.
Deliver transactions for approval via any kind of digital channel: mobile app, email or any front facing solution.
GDPR compliant body of evidence with all traces related to all transactions between the bank and the customer.
Electronic signatures are a cryptographic process performed with a private key. The signature integrity verification process is done via a public key. The signature can be attached to documents or any kind of data with standard protocols such as PAdES, CAdES or XAdES. Electronic signatures have to be taken in consideration as body of evidence in case of trial in Switzerland an the EU.
Yes. Here is what the EU regulation 910/2014 article 25 says: An electronic signature shall not be denied legal effect and admissibility as evidence in legal proceedings solely on the grounds that it is in an electronic form or that it does not meet the requirements for qualified electronic signatures.
No, Swiss and EU laws define only a limited number of documents requiring a QES when signed. In the financial industry they are related to credits (loan, mortgages, ...) and temporary contractors. All the other use cases can use a lower level of electronic signature. Although the law does not force to use QES on every document, it is up to the internal compliance team to decide which level of electronic signature to use for every use case.
A Qualified Electronic Signature is an electronic signature regulated in Switzerland (under the ZerTES regulation) and in the EU (under the eIDAS regulation). A document signed with a QES is equivalent to the same document with a hand-written signature.
Electronic signatures enable the digitalisation of use cases requiring human decisions or signature. Our solution has been used to digitalise a wide variety of use cases: on-boardings, investment proposals (MiFID II / LSFin), callbacks, LPOA, delegation of authorities, violations, notifications, advisory, performances and other type of contracts. Some of these use cases have been directly integrated within core banking such as Temenos or Avaloq.
QES are expensive and not necessary for every use case. Depending on local jurisdiction and internal compliance it is possible to optimize the level of electronic signature in order to reduce the costs related to their usages. Our solution allows to change level of signature even on business data. In example with the callback use case, it is possible to trigger a standard electronic signature for wire transfers that are below $100'000 and a QES for wire transfers that are above $100'000.
