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ELECTRONIC SIGNATURE SOFTWARE

Where the law requires a signature, only an advanced electronic signature is sufficient to satisfy this requirement. Do electronic signatures satisfy a statutory requirement for a document to be signed?

In what circumstances does the law prohibit the use of electronic signatures?Įlectronic signatures are not permitted to be used in executing wills or codicils, contracts relating to the alienation of immovable property, bills of exchange such as cheques, and long-term agreements for immovable property, which are in excess of ten years. When can an electronic signature be used?Īn electronic signature can be used in most transactions unless the law prohibits the use of electronic signatures in a specific transaction or the law requires that an advanced electronic signature be used or parties to a transaction agree on another method of signature.

ELECTRONIC SIGNATURE SOFTWARE

There are various software products available for more secure signatures/transactions.ģ.

using an e-pen or finger to sign on a tablet, for example.

an "I accept" tick box on a website and.

a name typed in electronic format at the bottom of an email.

the traditional wet-ink signature on a soft-copy of a document.

In essence it is data attached to, incorporated in, or logically associated with, other data, and which is intended by the user to serve as a signature.Įlectronic signatures come in many forms and include:

wet ink signatures - the traditional method where parties to a contract sign their names with pen on a physical document Īn electronic signature is a legally recognised means of conveying the signatory's consent to the contents of a document.

There are three methods available to a signatory when executing a contract under South African law: How can contracts governed by South African law be signed?Ī contract does not need to be in writing and signed, unless a specific law or regulation requires it (most notably, among others, powers of attorney, sales of immovable property, credit agreements, suretyships and leases for longer than 10 years must be in writing), usually imposed by legislation. Below we consider the practical implications of and solutions to remote working on the execution of South African contracts. Organisations have widely implemented remote working arrangements in response to the Covid-19 crisis. Current eKYC solutions, powered by Artificial Intelligence and Machine Learning allow businesses in any sector, such as banking, insurance, financial and investment services, to be digitally transformed, reduce digital customer onboarding costs and grow by offering a unique user experience.Peter Grealy, Madelein Burger, Carla Collett, Karl Blom, Candice Meyer Our Video IDentification, Advanced and Qualified Electronic Signature, and Facial Biometric Authentication services are transforming the way in which companies and customers interact.

AML (Anti-Money Laundering) and eIDAS (Electronic Identification, Authentication and etrust Services) regulations are remodeling the market by allowing customer acquisition processes to be reduced from weeks to seconds to, for example, open a bank account online with total security and complying with the law. From Electronic IDentification (Signicat company) we offer KYC (Know Your Customer), customer onboarding and digital identity solutions and services that help our customers to provide theirs a unique, simple, frictionless, high-security experience that meets the highest standards required in international regulations.