ARX, the global leader in digital signature solutions, has implemented the CoSign digital signature solution at FGH Bank, which specializes in financing commercial real estate through a wide network of offices in the Netherlands.
Several years ago, the bank decided to integrate digital signatures into their operational processes which previously required physical signatures. The bank sought a highly secure digital signature solution that would help them transition to automated reporting, in order to expedite work processes and cut costs. The solution also had to be fully integrated with the bank’s existing applications including OpenText, SharePoint, K2 and Microsoft Office.
Guus van Wijk, currently leader of the Credit Analysis team at FGH Bank, notes: “We’re glad we chose CoSign and enjoy the advantages we now have at FGH Bank. It was the only solution we could find that enabled us to achieve all of our objectives accelerating the process without compromising on quality or security. Our employees greatly appreciate the fact that it is almost impossible to tamper with a digitally signed document, as opposed to paper documents which can be more easily modified after signing.”
Hundreds of FGH Bank employees are currently using CoSign to sign approximately 50,000 documents every year. The bank now plans to extend usage to other departments and processes with the goal of establishing a fully paperless work environment. They also plan to set up a web-based customer service portal based on the CoSign Web App, which will enable clients to use any device to sign PDF documents without requiring them to install software.
Van Wijk adds: “We’re already sending digitally signed documents to our clients and the next step is for them to start digitally signing as well. Since security is our first priority, it is vital that our client-facing digital signature solution ensures signer identity, document integrity, verified communications, and overall accountability for the processes and procedures.”
“We anticipate that the European banking industry will adopt CoSign more extensively in the near future, especially considering the fact that it is the first remote (server-side) signing solution to be in full compliance with the new EU eIDAS regulation regarding digital and electronic signatures,” notes John Lageman, VP Alliances Europe and Regional Director Benelux at ARX. “As can be seen from FGH Bank’s experience, banks can automate their signature-dependent processes while maintaining the highest levels of security, efficiency and customer service.”
About FGH Bank
Netherlands-based FGH Bank has over 120 years of experience in financing commercial real estate. The bank’s in-house experts across their wide network of offices provide in-depth knowledge of and insight into market developments and real estate financing.
About CoSign by ARX
CoSign by ARX (arx.com), the most widely used digital signature solution, was recognized as “the strongest digital signature solution” in the Forrester Wave: E-Signatures, Q2 2013 report. Millions of people at large enterprises, SMBs, governments and cloud services around the world use CoSign daily to easily add secure digital signatures to documents in Word, Excel, PDF, SharePoint, OpenText, Oracle, Alfresco, and many other applications/file formats.
By seamlessly integrating digital signatures into existing document-related workflows, applications and services across their organizations, CoSign customers quickly transform slow and expensive signature-dependent processes into quick and efficient paper-free ones. They rapidly reach ROI through significant reductions in process times and paper-related costs, while ensuring trust, integrity and control across their business and IT environments, as well as compliance with the relevant EU legislation (eIDAS) and industry-specific regulations.
Visit our website to learn more about how your organization can benefit from the CoSign digital signature solution.
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