Electronic signature explained in brief
The electronic signature is a legally recognized option for signing documents online. The important thing is to ensure each time that the person signing is the same as the real person. The legal directive (Federal Act on Electronic Signatures) provides for registration with a unique identification of the person using the service. Alongside entering the data, registration requires an identity check, where the presented identification documents have to be verified. This previously required the relevant person to go to the counter themselves or for the check to take place via video. From the customer’s perspective, this is time-consuming and leads to high cancellation rates in the online process.