Video Confirmation of Identity a must have for financial services teams adopting eSignatures Posted on June 6, 2017 - 12:00 am by John Webster Financial services companies must know who is signing their documents. If there is any doubt that the correct person has signed the loan, agreement, authority to proceed, or whatever the document may be, the business leaves itself open to fraud, is exposed to unnecessary risk and faces the possibility of loss, not to mention becoming non-compliant with ‘Know Your Customer’ legislative requirements. Secured Signing provides the most robust verification of signer identity with the world first use of video confirmation as part of the signing process.Online signing by its nature provides much stronger confirmation of who is signing your documents than simply sending documents by post or email and taking it on faith they have been signed by the correct person. The addition of video recording of the signer, in a way that is uniquely and irrevocably tied to the document being signed, provides a degree of confidence in signer identity that cannot be reasonably challenged. It is a genuinely innovative approach that provides a degree of confidence in identity that is unmatched by any other signing method. It builds on the already robust authenticity of the underlying PKI Based digital signatures used by Secured Signing and existing additional identity verification tools such as two factor authentication and identity document searches.Let’s drill into how the process works to really appreciate how robust and reliable this new approach is.Video confirmation is quick and simple for the signer. They are asked to activate the camera on their device and record themselves performing specific gestures. It takes less than 10 seconds. The required gestures are specific to the document being signed, recorded in the document log and are analysed in real time. The nature of the verification and the changing requirements make it impossible to pass the verification using an image or pre-recorded video. Video confirmation provides much stronger confirmation of identity than static biometric verification such as facial or fingerprint recognition.The confirmation video is retained in a secure, encrypted repository. The signed document contains both a reference to the location of the video confirmation and the password required to access it. The tamper proof mechanisms inherent in PKI based digital signatures means neither the reference nor the password can be modified, without invalidating the signature. All documents signed with Secured Signing can be verified independently to confirm the document content is unchanged. Video confirmation enhances the inherent security and authenticity of PKI based digital signatures with the recorded video of the person signing the document.Video confirmation is available to all Secured Signing customers now. Once enabled in My Settings, the option to require a signer to provide video confirmation is available on the signing workflow screen. You can try Secured Signing, including video confirmation of identity for free. Register for your account now.‘Til next timeCheers, John
Secured Signing releases world first Video Confirmation of identity for eSignatures Posted on May 23, 2017 - 8:41 pm by John Webster Adding video confirmation to the eSigning process bolsters the independent signature verification of PKI user based digital signatures to deliver unparalleled document security and compliance for Secured Signing’s customers.Secured Signing expands its already impressive identity confirmation capabilities with a world first use of video confirmation as part of the online signing process to deliver signed documents that provide unchallengeable proof of agreement. Video confirmation in the signing process is live on Secured Signing today and available to all customers at no extra cost. This new method to confirm the identity of the signer continues a sustained release of new capabilities over the last year, making Secured Signing the most comprehensive and, certainly, the most innovative platform for online signing available in the market. “Our primary goal for Secured Signing is to make it quick and simple for the document signer while delivering the most secure, authentic and reliable outcome for the document owner,” says Mike Eyal, Founder and Managing Director of Secured Signing. “Video confirmation does exactly that, taking just a few seconds for the signer while giving the document owner a signed document that cannot be reasonably challenged.” Capturing video of the signer, in a way that is uniquely tied to the document being signed, is a more sophisticated use of biometric authentication than the fingerprint and image based methods that are now familiar. While much has been made of the bypasses for these static methods, a moving image is a much stronger authentication method. Secured Signing’s video confirmation also varies the specific confirmation process each time. Analysis of the video in real time for a match to the confirmation process determines an authentication pass or fail. Holding an image to the camera will not pass the video confirmation analysis. Video confirmation enhances the already sophisticated tamper proofing and signer verification mechanism inherent in Secured Signing’s use of PKI user based digital signatures. Put simply, Secured Signing is now the most secure way to sign a document online for financial services and contracts signing. The combination of ease of use for the signer and absolute compliance confidence for the document owner is without peer. About Secured SigningSecured Signing provides a comprehensive and secure SaaS digital signature service that delivers a full range of form completion and eSigning capabilities combining advanced personalized X509 PKI Digital Signature technology with easy-to-use, simple-to-deploy, compliant solutions. Secured Signing enables its users to utilize smartphones, PCs, any tablet device and any browser, to capture their graphical signature, fill-in, sign, seal and verify documents anywhere, anytime. The solution streamlines business processes, cuts back on expenses, expedites delivery cycles, improves staff efficiency and enhances customer service in a green environment.