Identity assurance provider Signicat has announced it will be working closely with SDC, to provide its clients with next generation cross-border eID digital signing services. SDC provides financial technology including system operation and data processing for more than 120 banks in Denmark, Norway, Sweden and Faroe Islands.Signicat will enable SDC's bank customers in multiple markets to quickly, simply and securely sign documents with public eIDs from Scandinavia.SDC will integrate Signicat's cloud-based cross border eID digital signing services into its application platform, providing access and full support for national eID and digital signing systems in Scandinavia, including BankID, NemID and Mobile ID. The service will be white labelled to SDC's banking clients' business and retail customers."Business and consumers are demanding digital financial services, often self-service, that can be accessed online and on the move. In particular, our banking clients are seeing significant interest in digital signing services that take the pain out of manual, paper based processes. Correspondingly banks require digital signing services that can be implemented rapidly, handle the complexities of cross-border from both a technological and regulatory perspective, and scale to potentially millions of users," said Nikolaj Andersen, Head of R&D Digitalization at SDC."Banks are coming under increasing pressure to provide digital services as they compete with new market entrants unshackled by antiquated legacy systems. The starting point for any customer journey is ID verification and access. And it is critical that a digital relationship is built from the outset that doesn't rely on manual, paper based processes," said Gunnar Nordseth, Signicat CEO."SDC was one of the innovators in digital signing. Our work with SDC will build on its leadership to ensure that its bank clients can offer their customers a simple and secure experience when signing, uncomplicated by long forms and lengthy ID checks. As SDC is one of the biggest players in the Nordic fintech market there's enormous scope to help financial institutions in their transition to digital-first organisations."
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