Introducing VSiD’s OneSigniD re-verifiable eSignature and ID validation certificate
In answer to the growing demand on professional services firms to demonstrate to relying parties that they have carried out adequate due diligence on remote eSignatures and identify verification, VSiD’s OneSigniD incorporates an easy to use and unique new feature.
A certificate can now be automatically issued on completion of every transaction to act as confirmation that signatures applied to a document have been authenticated and identities verified to a very high standard. The unique transaction reference number (UTR) that appears on the certificate can be searched and used by a third party to independently verify the authenticity of the transaction for a period of up to six years, which could be essential should any form of dispute arise.
David Kern, CEO of VSiD explains, “We have a number of accountancy clients who are being asked by Companies House or HMRC to provide evidence that the appropriate due diligence has been carried out on their clients’ identity and credentials. As VSiD’s OneSigniD conforms to UK ICO-eIDAS standards for eSignatures it has the ability to issue authentication certificates for transactions. We have now enhanced our existing software to allow third parties to re-verify them. Not only does this help to speed up processes, it acts as a way of demonstrating that these firms are making an effort to reduce the risk of identity and financial fraud. We already issue conveyancers’ certificates to satisfy HMLR requirements for our legal sector clients and I believe this type of additional certification will soon become a common requirement in other professional services arenas as industry regulators are increasingly insisting on seeing evidence that compliance checks have been undertaken properly. ”
VSiD is a leading regulatory technology provider, with a range of solutions designed predominantly for the legal, accountancy, fintech and property sectors. Its range of applications facilitate digital Know Your Client (KYC), Know Your Business (KYB) and Anti Money Laundering (AML) checks.
If you would like to know more, visit www.onesignid.com or call 0333 335 5176. To keep up with the latest updates, you can follow us on LinkedIn.
