In the legal sector, Bonafidee has positioned itself to become the preferred choice for safe and secure electronic signing of critical contracts and agreements. Using Bonafidee, solicitors, conveyancers and in-house paralegals can practice with confidence whilst reducing the need for face-to-face client meetings, printing documents and managing paper trails. Indeed, e-signatures help firms maximise the profitability of billable hours by reducing the amount of administrative support required for each billable hour.
We aim to make digital the norm, delivering higher degrees of trust and assurance than could traditionally have been achieved. That's why we've designed advanced e-signing solutions with integral identity checks to protect our clients from ID theft and online fraud. Providing robust, compliant, secure paperless solutions, Bonafidee delivers major efficiency gains and costs savings whilst safeguarding law firms and legal practitioners in today’s digital world.
Bonafidee and the law
Laws and regulations underpinning the legality of e-signatures include:
- eIDAS, a new European regulation which took effect from July 1st 2016
- Electronic Communications Act 2000
- EU Directive 1999/93/EC
- Electronic Signature in Global National Commerce Act of 2000
- Uniform Electronic Transactions Act of 1999
eIDAS - this new regulation differentiates between three different types of e-signature: standard, advanced and qualified. Advanced e-signatures are distinct from standard e-signatures because they have an additional layer of identification that links the signature to the signatory with a high level of confidence and establishes that the signature is under the sole control of the authorised signatory. Additionally, any changes or modifications made after the initial signing will be immediately detectable.
Bonafidee meets the definition of an advanced e-signature and goes further still. Our main priority is to establish that the intended signatory is indeed who they say they are. This is achieved by running an ID verification check (link: features/integral ID checks) against trusted, independent data sources. Once verified and validated, Bonafidee’s advanced signing mechanism ensures that the document presented to the signatory is legible and they are able to read the contents and sign it by engaging with the process. Considerably more than a tick in a box exercise, a series of unique codes are embedded in the document which must be read and transcribed alongside a declaration of signature. Finally, Bonafidee maintains a complete, compliant audit trail culminating in the automatic creation of a tamper-evident sealed signature pack that provides legally enforceable evidence.
Accelerate the completion process for legal contracts and agreements..
- Prepare, send and archive e-signed documents speedily and efficiently
- Ensure authentication – ID verification with 24/7 secure access to real-time checks from independent data sources
- Reduce risks – ID theft, stolen documents, online fraud
- Speed up your due diligence procedures to meet your regulatory and statutory obligations, such as KYC and AML compliance
- Maintain a complete, certified audit trail with tamper-evident documentation
For more information
For more information about purchasing credits and the cost of using Bonafidee, click here.
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