Echanges internationaux
SignMit selected for Temenos Innovation Jam in Hong Kong
When : 22 March 2018
Where : Hong Kong (map)
What : Innovation Jam
The Innovation Jams help Temenos to identify the very best fintech companies, those that add real business value to its customers. Following the success of previous years’ events, Temenos is holding a series of regional Innovation Jams to showcase the most impressive demos of financial services software to financial institutions.
Signatys is proud to be selected by Temenos to pitch at their next Innovation Jam in Hong Kong. We will get the chance to showcase our SignMit solution and compete for a place in the final at the Temenos Community Forum in Dublin in May.
It’s unique and great opportunity for us to expand in Asia when we know the huge potential of this market. We are looking forward to show them our achievement with Swiss banks, as well as the proof of concept made with Temenos and especially with their WealthSuites solution.
If you are interested to be expose to some of the most interesting fintech ideas join the Innovation Jam in Hong Kong next March 22nd. We will be happy to discuss about digitalisation of the banking industry and show you how our solution SignMit could bring value to your bank. It will as well be a good opportunity to understand how to get the best out of the Temenos MarketPlace and be able to participate to an informal forum for discussing with Temenos experts and peers. You can request an invitation by clicking on the link below :
http://engage.temenos.com/innovation-jam-registration-website
Swisscom market overview – RegTech Q1 2018
Signatys is proud to be on the RegTech Swisscom map published on a quarterly basis.
Each quarter, Swisscom teams up with e-foresight to publish a market overview of Swiss RegTech start-ups with a categorisation based on areas of activity.
The focus is on the following areas of activity:
- Authentication
- AML / KYC
- Background Check
- Crossborder & Tax Solutions
- Enterprise Risk Management / Fraud Detection
- Investment Risk Management / Quantitative Analytics
- Regulatory Mapping
How to build trust with your banking customers in the new digital age?
How does a bank choose his canal of communication while most people are used to mobile phone apps such as WhatsApp or Facebook messenger?
How to prevent frauds?
In private banking trust between relationship managers and their clients play a primary role, it’s the essence of private banking existence.
At Signatys, we are building the unique digital standard of trust for data and documents exchanges. We make exchanges and approvals/signatures as secure as making payments. Our company provides solutions to secure communication and get trusted critical decisions via digital signature and strong authentication. Thanks to our diversified team composed of experts in digital signature and mobile security, we have built SignMit, a secured application dedicated to private banks. It allows banks to provide to their customer a secure channel to exchange information and get strong and compliant approvals.
The load of administrative work don’t cease to increase these past years due to more and more transparency in the banking field. New regulations such as MiFID II force banks to innovate and find a new communication canal that is easy to use, efficient but secured. The technologies such as digital signature, biometry and blockchain allow providing trust through smart and secured digital solution.
For instance, the evidence captured by a digital signature, with the addition of some form of identity verification and appropriate cybersecurity, gives sufficient evidence and trust. Banks can have the proof that the signature is genuine and intentionally applied to a particular document in order to be compliant in case dispute.
Last January 3rd, the MiFID II regulation came into effect. This regulation upset the banking world and these many investors. Despite the announcement of this new directive some time ago, a majority of banks still have not put in place an effective and stable solution to address the various issues raised by MiFID II.
This regulation is particularly complex and raises several issues on different axes. One focus aspect of this regulation is related to reporting and suitability; regulatories ask banks to be able to prove that clients have been well advised and received the correct information. The bank must be irreproachable and be able for instance to prove that such client has accepted such suitable investment. In other words, the client was fully aware of the risk taken at the price that was indicated on a specific date.
The reporting will become more and more expensive, that all banks won’t be able to assume if they do not make the good choices by putting in place the right solutions. In order to get ahead of the competition and being able to provide a high-level service, private banks would need to provide to their customers with new ways to communicate and get critical decisions.
Many private banks intend to tackle this issue using either post mail or recorded phone conversations. Exactly the same tedious way used for years to confirm a payment order for example; It’s commonly called the callback procedure and it should prevent from any frauds but this process is absolutely not automated and has shown several times its limits as various banks have been victims of money disappearance due to a fraud.
Despite the frauds, the waste of time, the possibility of human errors, this procedure is rooted among banks. SignMit has been build to provide a simple, fast and secure solution to private banks. Thanks to our technology we can automate these processes in a much safer way than phone calls or email. In addition to being secure, it saves considerable time and reduces operational costs significantly.
Banks can put in place simple digital solution for a complex regulation. Our goal is to go far beyond digital signature and offer banks a unique experience more secure by providing an audit trail tracking carefully all the events and decisions. The audit trail gives the benefit not only to protect banks as they have access to a body of evidence to be compliant but also allow them to collect statistics about their customer’s preferences. Private banks can then propose adequate investment to their clients and receive a higher acceptance rate for their investment proposals.
Our SignMit product can help your business, the same way it already helps several private banks in Switzerland and abroad. Do not hesitate to contact us if you wish to improve the experience of your customers by providing them digital services of new generations.
https://www.verdict.co.uk/private-banker-international/thought_leaders/build-trust-digital-age/
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De nouvelles ambitions pour la startup Signatys
Signatys, l’expert genevois en signature électronique, a le vent en poupe. Accélérée depuis octobre dernier au Fintech Fusion à Genève, la jeune entreprise vient d’être sélectionnée par Microsoft pour participer à son programme sélectif BizSpark Plus qui compte aujourd’hui moins de 20 startups en Suisse. De plus en plus active dans le domaine bancaire, l’entreprise a des objectifs ambitieux.
Très active depuis une année, Signatys s’est concentrée sur l’industrie bancaire, travaillant avec les banques afin de pouvoir offrir des signatures qualifiées et fiables aussi bien aux compagnies qu’aux particuliers sans passer par la technologie suisseID, une solution pas assez répandue chez les particuliers, difficile d’accès et limitée au marché Suisse selon Olivier Adler, CEO et cofondeur de l’entreprise.
Grâce au travail accompli et à l’expertise de l’entreprise en matière d’identification et de signature digitale, Signatys peut maintenant se concentrer sur une solution globale et passer à un autre niveau. C’est pourquoi l’entreprise se concentre sur le développement d’une nouvelle plateforme afin d’offrir un nouveau moyen sécurisé d’échange et de signature de documents.
Toujours pour l’industrie bancaire, la startup fintech a une solution de signature qui s’intègre dans les eBanking ou dans les process d’onboarding, un service qu’elle a d’ailleurs déjà pu vendre à l’un des leaders de la banque en ligne.
Parallèlement à ces activités, la jeune entreprise a continué à commercialiser son produit pour les avocats et les notaires ce qui lui a notamment permis d’établir un partenariat clé pour que leur application soit utilisée par les notaires du canton de Vaud dans le courant de la nouvelle année.
Après deux ans dans le programme BizSpark de Microsoft, Signatys a été sélectionnée par le géant américain pour participer au club très fermé du programme “Plus” qui compte moins de 20 startups en Suisse. Outre des avantages en termes d’utilisation gratuites des produits Microsoft et de 120’000 CHF annuel offert sur le cloud Azure, Signatys est maintenant traité comme un véritable partenaire de Microsoft.
Les mois qui viennent s’annoncent très chargés pour Signatys. L’entreprise qui compte 4 collaborateurs est actuellement en train de mettre en place sa nouvelle plateforme globale d’échange de documents sur laquelle les identités des correspondants sont vérifiées avec un niveau équivalent à une identification faite par une banque. Cette nouvelle plateforme permettra un usage global aussi bien pour les entreprises émettrices de contrat comme les assurances, les régies immobilières, l’industrie du négoce que pour les particuliers.
Ambitionnant de devenir à terme le premier standard global d’identité et de signature électronique, Signatys a pour objectif d’acquérir une position de leader en Suisse rapidement et de travailler en collaboration avec les plus grandes banques de la place afin d’offrir un nouveau service apportant la qualité et la sécurité suisse exportable au delà de nos frontières.