Digital Signature Licitness for Financial Services in European Union

How to eSign a document: digital signature licitness for Financial Services in European Union

the future for digitization in European business is a pivotal time at the moment for the EU sandwiched between two global powers of the United States and China amid rising concerns over cybersecurity data protection and privacy what place for the European Union amongst this context we went down to the European Business Summit to speak to some of the policy makers key business leaders and people involved in digitization and business to find out more [Music] I'm absolutely sure we will have well-functioning digital single market in the European Union I hope we will be able to provide our standards also to the rest of the world we decided to take human centric approach here in the European Union to protect privacy of our citizens technologies is increasingly getting near democratized the bigger challenge is adoption of technology which boils down to people and culture you know it is absolutely at the core of this agenda and we have within TCS what we call business 4.0 framework and a big part of that framework is for business behaviors right so we talked about mass personalization we talked about risk-taking we talked about ecosystem thinking we talked about exponential value if you see all these for business themes these are all about mindsets I think there's every reason to be optimistic and look at the opportunity but clearly change will always Drive also uncertainty and if we emphasize the uncertainty and do not share the prospect of four people then people will feel the uncertainty and start to become defensive so in my view I think we should not run a threat agenda we should use an opportunity agenda to take people with us you like to have people step on the bus with you and set of leaving people behind and I think the European Union has a fantastic opportunity to take that that on board and create not only one vision for Europe also in the digital arena but also create an inclusive agenda to take people with them with this digital single market strategy there our aim was to tear down those barriers separating our member states just four years ago we didn't have digital single markets now we're much closer to have this digital single market with a 500 million healthy customers in fact we had 28 relatively small markets in digital meaning so sometimes harmonization of regulations these Goods this outcome Commission done a lot I mean 28 of the 30 initiatives which were defined have been delivered so so there is things going on at the same time we need to realize that the global scale we unfortunately falling back or have been falling back and if you look at let's say the top 15 digital online companies in the world none of them is at least European owned Europe is facing a number of challenges when it comes to tapping into the benefits of innovation and digitalization I think the first and foremost is the capability gap that the rapid development of new technologies is creating some of the critical standards and regulations like GDP are or artificial intelligence being ethical etcetera etcetera some of those things have been laying the great foundation to build the next wave of automation next wave of adoption in this machine first world Trust is a must when people cannot trust those digital solutions then they will never start to use those solutions and if people lose their trust and then they will immediately switch on some kind of other services around 100 countries around the world they put their first-ever data protection rules and in many cases it's very similar to our general data protection regulation we can say GDP art became as a global standard hopefully digitization with the European Union will be such that Europe and all its citizens will become even more prosperous and I think that is at stake