Malaysian-based digital signing solution, SigningCloud, a subsidiary of SecureMetric, has announced a strategic partnership with Singapore’s Singpass to bolster security and enhance the efficiency of digital transactions. This alliance is set to transform the way users sign documents digitally, providing a safer alternative to conventional paper-based signatures.
This innovative collaboration between SigningCloud and Singpass aims to ensure that digital transactions are secure, with digitally-signed documents legally recognized under Singapore’s Electronic Transactions Act. The differentiating factor for SigningCloud is its smooth integration with Singpass, an authentication gateway renowned for its security standards.
Singpass, using signing certificates issued by the National Certification Authority, allows businesses and customers to securely sign digital agreements. Leveraging this robust framework, SigningCloud ensures that each signature is cryptographically tied to the signer, providing an extra layer of security.
“Digital signatures aren’t merely about convenience, they’re a cornerstone of cybersecurity,” stated Edward Law, CEO of SecureMetric. He asserted that adopting digital signatures empowers businesses and individuals to protect their documents, prevent unauthorized modifications, and uphold the highest data integrity standards.
In addition to its security features, SigningCloud offers a user-friendly interface that allows the creation and saving of document templates, thus reducing repetitive paperwork. With real-time document tracking and notifications, users can maintain transparency and monitor the signing process effectively.
Law highlighted that SigningCloud’s platform adheres to industry best practices and uses robust encryption techniques to safeguard users’ information. “By transitioning to secure digital signatures, businesses and individuals can greatly reduce the risk of fraud, enhance customer experience, and streamline their workflow processes,” he added.
Looking ahead, SigningCloud aspires to play a pivotal role in the digital signing ecosystem across the ASEAN region, with Law expressing the company’s mission to enable cross-border signing in the future.
This move is in line with broader efforts to facilitate online transactions, such as Maybank’s recent launch of its cross-border quick response (QR) payment service. John Chong, Maybank’s Group CEO of Community Financial Services, highlighted this feature as a key element in promoting the digital economy and financial inclusion in the ASEAN region.
News Source: This article is based on a report by Marketing Interactive.