“Digitalisation” was brandied around so much, it ran the risk becoming just another buzzword. Then the Covid-19 pandemic hit and companies realised anew the importance of technology in keeping their businesses going. And tech will undoubtedly be key in helping the country recover from the devastating impacts of Covid-19.
The government’s aspiration to build a thriving digital economy to support the nation’s post-Covid recovery is reflected in Budget 2022 and its push to fully implement the National Digital Identity (NDI) by 2024, with the promotion to use the NDI to start as soon as 2022. Already the Ministry of Housing and Local Government requires the use of public key infrastructure (PKI) technology when it comes to signing for their microloans. Other ministries and government agencies will soon start/increase their adoption of digital signatures and PKI technology towards the full implementation of NDI by 2024.
The NDI will inadvertently catalyse the widespread use of digital signatures and PKI, more than just when dealing with government agencies. As more business transactions go online in an increasingly digital world, digital signatures will play a crucial role in verifying documents and identities.
How prepared is your business in this aspect of digital transformation?
Many businesses have benefited from the secure and reliable yet affordable services of SigningCloud, a cloud-based digital platform that allows users to upload any document and sign it at anytime, anywhere, on any device (mobile access via the SigningCloud app). Compliant with the Digital Signature Act 1997 (DSA), the digital signature issued/placed on the SigningCloud platform is legally valid and will be recognised by any Malaysian court in the event of a dispute.
SigningCloud’s mission is to aid you in the digital transformation of your company, making it greener in the process. With SigningCloud, your office workflow is simplified from printing, signing and scanning, to just signing and sending. This saves you the cost of time, paper, and the hassle in getting a document signed. Furthermore, all actions on the SigningCloud platform are traceable, be it a minor or major change. Every signature, amendment, edit and comment made to the document is recorded in a secure audit trail.
The e-signatures on SigningCloud are embedded with top-notch PKI technology to ensure long-term validation and non-repudiation, adhering to the ETSI 102 778-1 PAdES (PDF Advanced Electronic Signatures) standard.
SigningCloud transforms the way sensitive documents are signed and managed. Less paperwork, quicker processes, secure transactions, audit trails, round-the-clock access to your documents – the convenience and security of SigningCloud would benefit just about any industry and/or department.
In the financial industry, for example, elaborate and complex documents such as loan agreements, credit card applications, moratorium forms and the likes could contain multiple pages and sometimes numerous signatories. With safe digital signing, you can hasten the process without compromising on security whilst adhering to legal and compliance requirements.
Increasingly more customers are seeking simplified approaches and prefer digitised solutions – especially in an era where social distancing and reduced face-to-face interactions are encouraged. With SigningCloud’s secure platform, using widely trusted eKYC (electronic-Know-Your-
Juris Technologies Sdn Bhd (JurisTech) co-founder and CEO See Wai Hun said: "Digital signature is at the forefront of digital acceptance and SigningCloud has changed the way consumers obtain financial products, such as accepting loans, even from the comfort of their homes. This will definitely change the financial landscape for greater financial inclusion."
JurisTech is a leading Malaysian-based fintech company specialising in enterprise-class software solutions for banks, financial institutions, and telecommunications companies in Malaysia, Southeast Asia, and beyond. Founded in 1997 amidst the Asian financial crisis, JurisTech’s contributions and drive to revolutionise the financial industry in Malaysia has garnered numerous awards, including Best Innovation and Best Use of Technology from Star Outstanding Business Awards. JurisTech’s founders were recognised globally as high-impact entrepreneurs when they were selected to be part of Endeavor, a non-profit organisation in 2014, and CEO See Wai Hun was named EY Woman Entrepreneur of The Year 2019 in Malaysia.
“The right software, exceptionally delivered” – this motto is the main driver of the company’s growth, success, and achievements. Given that, it’s only natural for JurisTech to be drawn to SigningCloud.
Fast-growing digital Islamic factoring platform M24 Tawreeq (formerly known as AJWA Capital Sdn Bhd) likewise sees value in SigningCloud’s digital signing platform.
M24 Tawreeq is the first licensed financial institution to provide digital Islamic factoring (i-factoring), and is an approved service provider for ePerolehan, an electronic procurement system that enables suppliers to offer products and services to the government of Malaysia via the internet. The core focus of M24 Tawreeq, a subsidiary of M24 Bhd, is on invoices and receivables financing from government and government agencies, government-linked companies, and selected large private entities. Its early adoption of digitalisation to provide full solutions online at its website https://www.m24tawreeq.com enables a faster turnaround time for approval which is within 3 days upon receiving all required documents as compared to the traditional method which can take up to 30 days.
Read more on how SigningCloud can benefit these industries: financial services, real estate, insurance, education, company secretarial, government, healthcare, legal, logistics; and these departments: accounting & finance, human resources, production, purchasing/procurement, and sales.
Try SigningCloud now and witness the efficiency you can achieve for your organisation. For more information on SigningCloud, click here.
