CyberSecurity conference ended. RM1.8 billion allocated. Time for SMETRIC to capitalise on the initiative and expand their digital footprint. See you all at RM0.66.
As remote working is becoming unavoidable norm, businesses who were considering to invest into cybersecurity and digital signing, would have no choice but to prioritise these areas now. Businesses can no longer depend on face to face and physical security anymore
Businesses are converting into remote working due to the COVID-19 pandemic.
In this situation, many were unable to provide inked signatures that have been used to sign documents for almost all documents. During the lockdown, not all will have the necessary device such as a printer or scanner with them even if they do sign with a pen on paper.
As all of us conform to the new norm of social distancing, legally binding electronic signature solution – SigningCloud, is bound to come into play to help businesses to close deals faster.
With compliance to the Malaysian Digital Signature Act 1997 (DSA 1997) and E-commerce Act (ECA), SigningCloud, powered by Securemetric – a Malaysian built digital signature solution, eases your worries in terms of legality, security and efficiency for the document signing process.
The more this business world accustomed to tele-working, the higher its demand will be for: 1. digital signing (RM6 per courier for EACH signatory, does not make sense in business term; moreover, slow) 2. security token. Big corporate and financial institutions care a lot about security when employees are accessing sensitive data remotely
The soon-to-be-launched SigningCloud service has embedded the necessary partners from CAs to electronic know your customer (eKYC) providers into the application, in order to give the user a seamless experience. “Users just need to upload the documents that need signing, state who the signatories are to be and go through a few settings. After that, SigningCloud takes over the role of ‘chasing for signatures’ as signers will be notified by email and will need to click the given link to perform their registration and signing. That’s why our pitch goes like this: No more paper printing, no more physical dispatching of documents, no more calls to remind bosses to sign, and no more filing cabinets,
Securemetric has over the last few years implemented a number of Public Key Infrastructure (PKI) projects for governments, banks and multinational companies and lays claim to being one of the leading PKI solution providers in the region. This includes building projects for the governments of the Philippines, Indonesia, Vietnam, Tunisia, Egypt and Hong Kong. Going forward, Securemetric aims to replicate its SigningCloud model in other SouthEast Asian countries by working with the licensed agencies there to fulfil local legal requirements. “The ultimate goal is to make SigningCloud a cross-border digital signing platform that complies with all the respective regulations. This way, a user in Malaysia can digitally sign a document with his counterparty in a regional country, all within the perimeters of both countries
One of the globally leading names in digital signatures is US based DocuSign Inc, which has seen a significant rise in its take-up rate during the pandemic. Analysts in the US point out that DocuSign has been enjoying robust demand amid the Covid-19 pandemic, which has accelerated many companies’ shift to digital strategies. DocuSign has been instrumental in helping businesses maintain contactless agreement processes while practising social distancing. Listed on Nasdaq since April 2018, DocuSign has seen its share price rise significantly since the onset of the coronavirus, to command a market capitalisation of US$36.4bil (RM155bil).
While DocuSign has users all over the world, including Malaysia, the one key difference between its service and Securemetric’s SigningCloud is that the latter is fully locally integrated in the sense that it is in full compliance with Malaysia’s DSA. “In order to do that, SigningCloud has had to integrate with licensed CAs in Malaysia. Our system supports remote encrypted key generation and storage and doing all this within the protected environment of the said CAs’ data centre, as stipulated
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
alant812
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Posted by alant812 > 2020-10-07 00:52 | Report Abuse
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