ESign
Yoti launches eSign with Selfie
Digital identity company Yoti has launched eSign with Selfie, a new feature in their digital signing platform. In an industry first, Yoti is the first company to integrate selfie verification directly into the signing process. This new feature allows individuals to confirm their identity with a selfie before signing a document. This reduces the risk of impersonation and fraud, and provides transparency and confidence that the correct person has signed the document. The recipient captures a selfie and signs the document in one simple flow: Signer takes a selfie. The image is analysed by our passive liveness technology, Yoti MyFace®. This checks if the image is captured by a live person by detecting presentation attacks, such as printed and digital photos, videos and masks. Once the liveness check is complete, the signer proceeds to sign the document. The selfie image is cryptographically linked to the e-signature, providing a high level of assurance over who has signed the document. Businesses can manage their documents from one digital platform and then email (or text) them out for signature – requesting selfie verification as part of the signing process. Robin Tombs, CEO at Yoti said, “There is a growing trend towards identity linked signatures as they are more secure and robust than a standalone signature. eSign with Selfie provides a high level of confidence and transparency over who is signing a document, whilst offering a faster, more frictionless experience than a separate, full ID verification check. Identity driven signatures through eSign help businesses fight fraud, meet compliance and regulatory requirements, and create more trusted business interactions.” Notes to editors Yoti MyFace® is certified to Level 2 by iBeta, a NIST-accredited lab who follow ISO 30107-3 testing methodology. The difference between passive and active liveness Active liveness requires the user to take a video of themselves performing certain actions. For example, moving toward and away from the camera, or repeating random words. This then uses AI and / or manual review to complete the check. Passive liveness doesn’t require any movement from the user and is achieved from a single selfie. This reduces friction for users, thereby reducing drop off and speeding up the journey of verifying genuine users.
Identity-driven eSignatures [product sheet]
Know exactly who’s signing your documents with legally-binding electronic signatures linked to a verified digital ID. Simply upload your documents, place the signature boxes and request recipients sign with the Yoti app. They’ll receive an email with the documents and a QR code to scan with their Yoti Digital ID. They consent to sharing their verified identity details in their app and you can achieve eSignatures and KYC in one simple swoop. Download your product sheet
How AvantiGas reduced their contract signing cycle by 75% with Yoti
“For our requirements, Yoti delivered exactly the same functionality as the market leaders, but for a fraction of the cost. The staff at Yoti have been helpful and accommodating all the way through. They communicate with us on a regular basis to make sure the product is appropriately adopted and as well as informing us about the latest improvements.” Simon Ashton Project Manager at AvantiGas AvantiGas is one of the UK’s leading suppliers of versatile, renewable and safe off-grid LPG (Liquefied petroleum gas) energy solutions. We helped them: Reduce their contract signing process by 75 per cent Provide their customers with an easier way to return contracts online Decrease cost, speed up their contract management and signing processes Solution: eSignatures Industry: Utilities Read the case study
Electronic witnessing in line with HM Land Registry guidance
Her Majesty’s Land Registry (HMLR) has released new guidance that allows for registration transfers and certain other deeds to be signed electronically in the UK. This means that solicitors and conveyancers can now carry out the document witnessing process using Yoti eSign. What are conveyancer-certified electronic signatures? Conveyancer-certified electronic signatures which were recently referred to as eWitnessing, like physical witnessing, is the third-party overseeing of the signer, with the added benefit of being undertaken electronically. This means that, with an eSignature platform, witnessing documents is made much easier for law firms and conveyancers alike, with processes that usually take days being completed in a matter of minutes. The new guidance: what’s changed? Electronic signatures in the UK are currently accepted for many types of legally binding contracts and documents. However, registration transfers and deeds previously needed to be in written form and legally required a witness to be physically present during the signing. The Law Commission concluded in the new guidelines that electronically signed and witnessed contracts and documents are admissible in court provided that the signer is able to authenticate the document and that all formalities relating to the execution of the document are satisfied. You can read more about the new guidance in the UK, here. Which documents can be signed electronically in the UK? A deed that affects one of the dispositions referred to in section 27(2) and (3) of the Land Registration Act 2002 A discharge or release in form DS1 or form DS3 Equivalent deeds in respect of unregistered land An assent of registered or unregistered land A power of attorney other than a lasting power of attorney (see Lasting powers of attorney) Guarantees Mortgage documents Shareholder agreements Loan agreements Partnership agreements Source: gov.uk (subject to change at any time) What are the benefits of conveyancer-certified electronic signatures? With eWitnessing comes a number of the same benefits that many digital processes have, such as being more time efficient and reducing paper use. But what does Yoti eSign do differently? Privacy is priority Thanks to Yoti’s limited document view, the signer can confidently have their documents witnessed in the knowledge that their details are blocked from view. Safe and secure By using a one-time passcode, unauthorised people will not be able to access the document. This, alongside a secure audit trail to trace all unique identifiers of both the signer and the witness means that you ensure your documents are traceable and only in the hands of those who need it. Compliant and legally binding All documents signed using Yoti’s eSigning are legally binding and compliant with eIDAS, ESIGN Act and UETA. The team at Yoti has also worked closely with HMLR to shape eWitnessing guidance so that we are fully HMLR compliant. Easy and hassle-free With our flexible API and easy-to-use portal, our eSignature tools are easily integrated into your business processes to ensure simple eWitnessing. How does eWitnessing work with Yoti? Step 1: Upload the document that requires witnessing and select the fields that are to be filled by the signer. Step 2: The signer will receive a one-time password and can then fill in the relevant details in the presence of a witness. Step 3: The witness will receive a one-time password and is then able to access the document and fill in the relevant information. Step 4: Once the signer and the witness have completed their details, the sender will receive confirmation that the document is signed, along with the time, date and details of the witness. By securely digitising your operations, Yoti’s eSignature and eWitnessing features can simplify the paper process and transform it into something much more efficient. When sending your documents electronically, you can rest assured that your confidential information is shared with the right people and the right people only. Webinar with HM Land Registry on electronic witnessing Yoti’s James Lancaster and Sam Rowe hosted Michael Abraham and Robin Malpas from HM Land Registry during the webinar focusing on the eWitnessing legality. Want to know how your firm can benefit from eWitnessing? Contact our legal expert James Commercial Director – Legal Tech Expert +44 7956245022 james.lancaster@yoti.com Connect with James on LinkedIn “At Yoti, I work with some of the most prestigious names in the legal sector, advising on digital transformation, optimising their productivity and efficiency, cutting costs and increasing customer satisfaction.”
Sending a document with Yoti eSign
Yoti Doc Scan is our embedded identity verification solution that sits into a website or app. Customers upload their government-issued ID document and take a biometric selfie and we do the rest.
Yoti eSign: the fast and simple e-signature platform
In a world that’s becoming increasingly digital, businesses everywhere are seeing the benefits of switching to more digital practices to save time and money. When it comes to signing documents, it’s the most obvious use case for digitising practices. Not only is the traditional signature process time consuming, but there’s also the environmental concern of a business printing hundreds (and sometimes thousands) of documents. There’s also the big risk of fraud if documents are signed without proper background checks. In the last year British Columbia has suffered the effects of money laundering, where an estimated $7.4 billion (approximately £4.1 billion) in “dirty money” was laundered through British Columbia. Of this, $5 billion (approximately £2.8 billion) was funnelled through the real estate market. If you want to remove the risk of fraud in your business, Yoti Sign allows you to share documents in a safe and secure way that you and your clients can be satisfied with. Whether you work in real estate, government, recruitment, legal or insurance (and the list goes on), if you’re looking for a document management system that you and your clients can trust, Yoti Sign has you sorted. It’s simple to use Yoti Sign is the convenient and simple solution to your e-signing needs. It’s as simple as uploading your documents and choosing who needs to sign them. You then choose where on the document you want someone to sign it and then it’s ready to review and send. Whether you need a one-click email authentication or full biometric authentication, there’s no extra cost. We make it easy for your clients too. Yoti sign documents can be accessed and signed through multiple devices, and through all popular browsers and operating systems. That way, signees can access your documents anywhere, at any time. It’s safe and secure To ensure that only the person you want to be signing the document has authorisation, you can require your signees to prove their identity with biometric authentication. If you choose, your signees can download the Yoti app and securely encrypt their ID document so you can be confident that the signee is who they say they are. Your clients are protected and so are you. The management system allows you to keep all your documents in one secure place. Even better, all our e-signatures are legally binding, admissible in court and compliant with the eIDAS regulation, the Uniform Electronic Transactions Act and the ESIGN act. An audit trail is kept for every document, so you know you’re safe at every step of the process. It’s fast You never have to worry about losing a sale to slow signing procedures again. We can help transform your business processes by speeding up the signing process. Save time by using the bulk send feature to send to 1000 recipients at a time, or by adding multiple signees to a document. You can even set automatic reminders and get real-time status updates to make sure the signing process runs as smoothly as possible. It’s simple – you can close deals faster with Yoti eSignatures. It’s affordable With our competitive pricing, it’s only £6 per month for the first seat and £3 per month for each subsequent seat. We even offer a 14-day free trial so you can see just how easy it’ll be for you and your business to make the switch.