Electronic identity and e-signature company Signicat has been chosen by Resurs Bank to supply it with its e-ID software.
Customers signing a credit agreement in stores served by Resurs Bank will now be able to complete this digitally rather than the current paperwork. All of the paperwork is share digitally, which means in-store purchases which need a credit agreement are as fast and easy as online transactions, the company said.
Agreements are signed through a combination of Signicat Sign and an approved electronic ID, enabling customers to accept terms and conditions and sign through their mobile.
Signicat offers a range of digital identity verification, authentication and signing solutions to regulated markets. Its electronic identification service helps to ease the onboarding processes of businesses and ensure compliance with KYC, AML, GDPR, eIDAS, and ISO.
The platform connects to more than 20 eIDs across Europe to improve verification, and also supports social logins and registry lookups.
Its online signature solution empowers consumers to sign documents via mobiles, and laptops. Once a user signs, the technology can cross-check it with its datasets and verify it by registry lookups, passport scanning, live video detection and others.
Signicat CEO Gunner Nordseth said, “In ditching paper, electronic signatures offer a frictionless and instant customer experience, and gives retailers a trusted and scalable way to deal with growing demand while improving conversion.
“Working with Resurs Bank to provide digital signing to over 35,000 stores is another milestone for digital identity in the Nordics, a model for the rest of the world to emulate.”
Earlier in the year, the company joined the European Telecommunications Standards Institute to support the standardisation on digital signatures.
The company also recently partnered with Belgium Mobile ID to support Belgian financial institutions and online retailers with attracting new customers and engaging with its current user-base.
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