June 6, 2017
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
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 time