Digital signature provider SIGNiX and technology solution provider IDology have partnered together to help financial institutions combat fraud.
SIGNIX allows credit unions to see if e-documents have been modified post signature. SIGNiX has integrated IDology's Expect ID identity verifications solution into its product.
"SIGNiX's digital signatures permanently secure the identity of signers and the document's contents, which is why it's important to have assurance that someone is real and actually who they say they are at the time of signing," said Jay Jumper, CEO of SIGNiX. "Having IDology's services integrated with our digital signature technology helps simplify the verification process and reduces the overall risk of fraud."
Before document signers establish their digital signature, they are presented with a set of multiple choice questions that only the true signee can answer. The questions are seamlessly integrated into the e-signature process as part of the document procedure. After IDology verifies the identity of the signer SIGNiX electronically seals the document with a PKI digital signature.
"We are experts in being able to quickly and easily proof someone's identity in a consumer-not-present situation," said John Dancu, CEO of IDology. "Enabling SIGNiX's digital signatures with identity verification keeps the identity proofing process safe without compromising time or privacy. We are excited about this partnership and expanding our reach into the digital signature market."