OneSpan welcomes UK Law Commission support for e-signatures

Global security and e-signature specialist OneSpan has welcomed an announcement by the UK Law Commission confirming that electronic signatures can be used to sign formal legal contracts under English law. In a major boost for digitalisation in finance, the government’s independent legal experts published early conclusions of an investigation which aims to sweep away any current uncertainty in the law, allowing businesses to speed up transactions by going fully digital.

OneSpan welcomes UK Law Commission support for e-signatures

Aug 29, 2018

Global security and e-signature specialist OneSpan has welcomed an announcement by the UK Law Commission confirming that electronic signatures can be used to sign formal legal contracts under English law. In a major boost for digitalisation in finance, the government’s independent legal experts published early conclusions of an investigation which aims to sweep away any current uncertainty in the law, allowing businesses to speed up transactions by going fully digital.

UK government legal experts support use of electronic signatures

Electronic signatures can be used to sign formal legal contracts under English law, the Law Commission has confirmed, in a major boost for digitalisation in finance. The Government’s independent legal experts have published early conclusions which aim to sweep away any current uncertainty in the law, allowing businesses to speed up transactions by going fully digital.

UK government legal experts support use of electronic signatures

Aug 24, 2018

Electronic signatures can be used to sign formal legal contracts under English law, the Law Commission has confirmed, in a major boost for digitalisation in finance. The Government’s independent legal experts have published early conclusions which aim to sweep away any current uncertainty in the law, allowing businesses to speed up transactions by going fully digital.

Customer onboarding: removing friction and reducing risk

Signing up a customer is a make or break moment – get the onboarding process right, and it’s the perfect opportunity to win a customer’s loyalty. Get it wrong, and the customer may walk away, or the organisation can find itself exposed to unnecessary risks. Today’s customer is looking for speed, ease and convenience – whether online, through an intermediary, or in-branch. It’s no surprise that innovative financial services companies looking to win new customers and increase customer loyalty are turning to technology to help improve the customer experience.

Customer onboarding: removing friction and reducing risk

Aug 14, 2018

Signing up a customer is a make or break moment – get the onboarding process right, and it’s the perfect opportunity to win a customer’s loyalty. Get it wrong, and the customer may walk away, or the organisation can find itself exposed to unnecessary risks. Today’s customer is looking for speed, ease and convenience – whether online, through an intermediary, or in-branch. It’s no surprise that innovative financial services companies looking to win new customers and increase customer loyalty are turning to technology to help improve the customer experience.

Dealflo demand rises in response to increasing auto finance compliance pressures

More than one-third of all motor finance agreements executed in the UK now pass through the Dealflo financial services automation platform, the company has revealed. The platform allows motor finance companies to digitise their end-to-end customer agreement process, including the use of e-signature technology.It also collects evidence at each stage of the transaction to prove that agreements have been executed to fully compliant standards. Among its recent customers is Santander Consumer, which signed up to the system to underpin its motor finance operations.

Dealflo demand rises in response to increasing auto finance compliance pressures

Apr 16, 2018

More than one-third of all motor finance agreements executed in the UK now pass through the Dealflo financial services automation platform, the company has revealed. The platform allows motor finance companies to digitise their end-to-end customer agreement process, including the use of e-signature technology.It also collects evidence at each stage of the transaction to prove that agreements have been executed to fully compliant standards. Among its recent customers is Santander Consumer, which signed up to the system to underpin its motor finance operations.

How DSG Group managed the transition to e-contracting

Leading car finance broker DSG Financial Services originally began looking at automated e-signing and verification system as part of a move to set up its own lending function alongside its existing broker offering. “We wanted to make sure the lending process was as efficient as possible, given that lenders and borrowers are increasingly moving to online operations. Our first thought was to implement an e-sign function. But once we evaluated Dealflo’s solution, we saw we could do a lot more, by creating a multi-lender facility which automates processes end-to-end and which would deliver significant additional benefits,” explains DSG’s CEO Richard Hoggart.

How DSG Group managed the transition to e-contracting

Jan 20, 2017

Leading car finance broker DSG Financial Services originally began looking at automated e-signing and verification system as part of a move to set up its own lending function alongside its existing broker offering. “We wanted to make sure the lending process was as efficient as possible, given that lenders and borrowers are increasingly moving to online operations. Our first thought was to implement an e-sign function. But once we evaluated Dealflo’s solution, we saw we could do a lot more, by creating a multi-lender facility which automates processes end-to-end and which would deliver significant additional benefits,” explains DSG’s CEO Richard Hoggart.

New guidelines for e-contracting in the UK

This month (February) UK’s Bacs introduced changes to the way in which paperless direct debit mandates are treated. To help their clients understand the changes better. Dealflo has written a White Paper: Financial agreement automation and paperless direct debit mandates - general guidance. The paper offers a set of best practice guidelines with the intention of steering financial institutions towards adopting practical automation solutions that mitigate DDM, legal and compliance risk.

New guidelines for e-contracting in the UK

Feb 28, 2017

This month (February) UK’s Bacs introduced changes to the way in which paperless direct debit mandates are treated. To help their clients understand the changes better. Dealflo has written a White Paper: Financial agreement automation and paperless direct debit mandates - general guidance. The paper offers a set of best practice guidelines with the intention of steering financial institutions towards adopting practical automation solutions that mitigate DDM, legal and compliance risk.

E-contracting