Deutsche Bank has rolled out digital signatures for its clients in Asia Pacific, furthering the launch of the service which began in 2018.
The first use of the solution in the country was by BASF’s Regional Treasury Centre (RTC) in Hong Kong. BASF is a chemical producer headquartered in Germany.
Deutsche Bank initially launched the digital signature solution last year to help financial institutions with their account opening. On launch, the service was made available to clients in the US, the UK, Germany, Belgium and the Netherlands.
Clients of Deutsche Bank can use the solution to accelerate the opening of accounts, sign documents, and agree contracts with the bank. It is currently used by clients in 21 countries around the world.
Jimmy Lui, Regional Treasurer for BASF – Asia Pacific, said, “Being a regional treasury, we often execute agreements with our banking providers that impact a number of our entities across the region. Having a digital signing process that is available in all markets where we operate, makes banking with Deutsche Bank easy and efficient.”
“This development also aligns with our corporate focus to drive digitalisation in our processes” added Lui.
Deutsche Bank APAC head of cash products Chintan Shah said, “We strive to streamline our clients’ processes wherever possible to support their business demands, and we believe that solutions like digital signatures are a key way to achieve this.”
Copyright © 2018 RegTech Analyst
