Filenews 27 November 2022 - by Theano Thiopoulou
The Bank of Cyprus is preparing to provide 10,000 electronic signatures free of charge to its customers to help them become familiar with the new technology. The electronic signatures will be obtained by customers through the APP and as soon as they see a "digital signature download" they will have to confirm their data and give their consent, so that they can be transferred to JCC's websites to continue the process of obtaining a certificate.
Electronic signature is gradually becoming a standard business practice in many industries, sectors and professions. The benefits of electronic signature lie in convenience, immediacy and the absence of hassle.
With the electronic signature, someone at any time and time, wherever they are, can sign (remote signature). For example, for a property or other product of value that he will buy in Germany, he can sign remotely and not have to go there. The process is considered very easy and simple, even for users who are not particularly familiar with the technology. Electronic signature saves and reduces processing time and costs. For physical signatures, the parties involved have to print and scan documents multiple times, a long process and time-consuming.
Another advantage is that it increases security and reduces risks, as it is difficult to forge, making it more secure than handwritten signatures, with a guarantee of confidentiality. No third party may have access to electronic documents without permission. Certified electronic signature (QES) can often be a legal requirement. In Europe, many situations require QES by law and depending on the EU member state. Because a QES has the same legal force as a handwritten signature, it can be used in any situation that usually requires a written signature, such as signing a contract.
