eMudhra has launched version 3.0 of eSign services which it says will offer the user a new way to quickly sign documents using cloud-based electronic signatures generated relying on an offline e-KYC mechanism. eMudhra is one of the first licensed e-Signature Service Provider (ESP) in the country to roll out the new eSign services, said the company.
The company informed that unlike in the past where the users had to carry out e-KYC every time they wanted to generate and use electronic signatures, the new eSign services prompt the user to create an e-KYC account, which is valid for 2 years, and e-verify the credentials once.
From that time on, all that the user has to do is login into the e-KYC account using OTP & PIN, and generate eSign 3.0 compliant signature to electronically sign any number of documents.
The company said that this cloud-based signing process removes the requirement of complicated hardware (USB Token) or client software to fulfil digital signing requirements of the user. On the other end, the open APIs available with this service makes it easy for online service providers such as banks, insurance providers and e-commerce companies to quickly integrate eSign 3.0 facility, making the feature of non-repudiation more robust in their existing service.
“The new eSign in its revived form is very transformative and will go a long way in driving the paperless initiatives of the government as well as private institutions. We are thankful to the Controller of Certifying Authorities for bringing in this proactive reform in the eSign ecosystem,” said Vijay Kumar, Head – Technology, eMudhra.
“As the new eSign is cloud-based, it can facilitate e-Signatures from mobile devices, thereby taking digital transformation to the next level. We expect significant uptake of the new eSign across multiple industries such as BFSI, education, healthcare and many more,” said V. Srinivasan, Chairman, eMudhra.