Unlock eSignature Legality for Banking in European Union

How to eSign a document: eSignature legality for Banking in European Union

Most agreements only require a standard eSignature. However, depending on your country or industry, you may be required to use a digital signature for some agreements. A digital signature is a type of eSignature, which includes a digital certificate. The certificate can be used to prove that the signer's identity is valid and that the signed document was not tampered with. offers various digital signature solutions that can support your compliance with specific country, regional, and industry regulations. Each solution requires a different level of identification. For example, the European Union and United Kingdom eIDAS regulations recognize three levels of electronic signatures. The standard eSignature does not require any form of identification and is valid in most scenarios. The Advanced eSignature adds an additional layer of identity verification and is typically used in high value transactions in the EU and UK. The Qualified eSignature requires a face-to-face or equivalent form of identification and is typically used for legally regulated transactions. has developed several solutions to support the need to comply with the advanced and Qualified eSignature requirements. The EU Advanced signature helps you comply with the Advanced eSignature requirements. The partial identification of the signer, which is required for Advanced eSignatures, can be done either by the sending party before sending the documents or it can be delegated to and integrated to the signing process. When the identity is verified by the sending party, recipients are prompted to enter a code provided by the sender or received via SMS and accept the Advanced eSignature terms to show their consent before they can finish signing. When the identity is verified by , recipients are prompted to verify their identity with ID verification before they can access their documents. First, they choose the country or region that issued their ID. Depending on the country selected, they may be able to upload an ID document or authenticate with an electronic or bank ID. They will need to accept additional terms and conditions, provide their phone number, and follow the prompts to upload a picture of their ID. then verifies the ID including verifying that the name on the ID matches the recipient name and that the ID is still valid. Once the ID has been verified and the recipient has completed all required fields on their documents, they will be asked to accept the Advanced eSignature terms to show their consent before they can finish signing. also provides solutions to support compliance with the Qualified eSignature requirements. The face-to-face or equivalent form of identification that is required for Qualified eSignatures can be done via an AI assisted, self-service verification of ID document and face or via a live video identification process with an agent. With ID Verification for EU Qualified, recipients must provide their phone number and accept terms and conditions. They choose their document type and issuing country and follow the onscreen instructions to verify their ID document. Next, they're prompted to take short videos of their face and engage in guided movements to prove that they are physically present. ID is then verified asynchronously by a certified human agent. In just a few minutes, the recipient receives a new notification indicating that their identity has been verified. Recipients can create an Identity Wallet to simplify the signing process for future QES agreements. They agree to the Identity Wallet terms and conditions and select their country or region to ensure that their data resides in the appropriate region. Recipients who do not have a account can create one for free. They will be able to use this account to view and manage their Identity Wallet. Then the recipient is prompted to create a passkey that will be used to authorize their Identity Wallet. In this case, we are using Face ID. Once the wallet has been created, the recipient can review and sign their documents. Before they can finish signing, they're prompted to enter a code sent to their phone and accept the Qualified eSignature terms and conditions to show their consent. Recipients who already have an Identity Wallet can use their passkey to verify their identity and skip the video identification process for future QES agreements. Once they've unlocked their passkey and selected their Identity Wallet profile, they can review and sign their documents. With ID check remote for QES, once the recipient has completed all the fields, they go through a face-to-face verification process with a live agent who will ask them to engage in guided movements, show their ID, and answer a few questions. Once the process is complete, they're prompted to enter a code that is sent to their phone and accept the Qualified eSignature terms and conditions to show their consent and finish signing. also supports signing with qualified digital certificates issued by Trust Service Providers which have been certified and accredited by local authorities in the EU and around the globe.