#1 in Compliance – SigniFlow software meets and exceeds global requirements for electronic signatures, using cryptographic digital signatures.
Cryptographic Electronic Signatures
We get this question a lot: “Are your digital signatures legally accepted and binding?” And the answer is a resounding “Yes”.
With handwritten signatures having been the norm for so long prior to the wonderfully efficient digital era we now find ourselves in, there is bound to be uncertainty around new methods of validating documents, especially when it comes to important documents and contracts with legal implications.
Thankfully, the technology digital signatures are steeped in makes this method of signing the most secure method there is, above any other method conceivable. Digital signatures are essentially invisible, hashed and encrypted metadata embedded with a certificate in the file. By using a hash function, signatures are made non-invertible, meaning they cannot be reverse-engineered.
NOTE: Although unseen, with SigniFlow, you also have a visible representation of your digital signature, so all viewers can clearly see the document has been signed.
Legally Accepted Digital Signatures
It is primarily because of the watertight security and non-repudiation digital signatures offer, that they are fast becoming the only legally accepted replacement for handwritten signatures worldwide. Neither handwritten signatures, nor ordinary electronic signatures can offer even close to this level of security and legality.
You can read more about how digital and electronic signatures differ here: https://www.signiflow.com.au/en/electronic-and-digital-signatures-explained
And, while digital signatures have three main goals – integrity, authenticity and non-repudiation – they also offer the added benefits of automating and securing your digital document workflow, and saving your business time, money and reputation damage. Digital signatures also carry full audit trails, which shows details such as who viewed or signed the document, as well as where and when. This can also prove that a document has not been updated since it was signed.
* Regulations around electronic communication and transactions differ from country to country, when it comes to what types of electronic signatures are constituted as legal tender.
The UK Government is incorporating an amended form of the existing eIDAS regulations on digital and e-signatures into domestic law after the withdrawal date, the Electronic Identification and Trust Services for Electronic Transactions (Amendment) (EU Exit) Regulations 2019 (SI 2019/89) (Trust Services Brexit SI) which amends and removes certain provisions around trust services that will no longer apply following the UK’s departure from the EU.
Read more HERE.