Commerz Finanz GmbH offers with signotec signature pad „Alpha“ a legally securely procedure for digital signatures at the credit application
From now on trade partner of the Commerz Finanz GmbH can save time when applying for a credit. This is possible via use of the digital signature. With it the credit institute has developed already today, a forward-looking solution for the credit application. The Commerz Finanz GmbH is the first bank, which is introducing nationwide, a legally securely version of the digital signature for loan agreements. After detailed market research, the signotec GmbH from Ratingen has been chosen as our development partner. signotec developed a special A4-tablet for the company with the corresponding software, which makes it possible to sign documents directly in the browser.
„We are proud, that we were able to push such a project for a company like the Commerz Finanz GmbH and to demonstrate our innovative power “Made in Germany “, said Arne Brandes, CEO of the signotec GmbH. “Till now there is no signature tablet on the market, which allows displaying A4-documents in its original size and in addition even the simultaneous signature of paper and electronic press copy at the same time. With this solution we are the only manufacturer, who offers a process that meets the written form requirement.”
The procedure is easy: The retailer places an exemplar of the contract on the tablet with the electronically deposited contract and let the customer sign on it. The signature thereby has taken place on the paper as well as it is digitally deposited at the same time. Additionally biometric data is going to be captured, encrypted and stored. The loan agreement is going to be subsequently send electronically without any media disruptions as a PDF. The transfer of the signature is encrypted. The signed paper exemplar will be handed out to the retailer. Therefore the conclusion of the contract takes place with care and attention of the written form; The delegation of the contract is fast and reliable.
“For the trade partner the advantages are obvious: The electronic transfer accelerates the execution – the need of a mail-order with costs for documents is eliminated, the risk of the loss of the documents is minimized”, says Harald Birr, decisional head of sales and retail of the Commerz Finanz GmbH. “This saving of time is also having a positive effect on the pay-out speed.”