With rising customer expectations, Sri Lankan BFSI institutions can’t afford slow manual onboarding, branch-level filing, or courier delays.
E-signatures accelerate business growth while meeting strict compliance standards.
🔐 What BFSI Approvals can be Digitized?
| Banking Use Case | Insurance Use Case |
|---|---|
| Account opening | Claims approvals |
| Loan processing | Agent onboarding |
| Fixed deposit & treasury | Policy issuance |
| Digital KYC | Underwriting workflows |
| Vendor contracts | Customer servicing |
🧾 Compliance for BFSI
Under the ETA Act, digital approvals must provide:
- Verified signer identity
- Tamper-proof integrity (hash)
- Time-stamped audit trails
- Certificate-based authentication
Platforms like EviaSign provide:
- MFA, LDAP & SSO identity controls
- AES & certificate encryption
- Role-based approval routing
- Regulator-ready logs
💹 Operational Impact for BFSI
Banks and insurers gain:
- 30–50% faster onboarding
- Reduced compliance audit gaps
- Improved SLAs with digital policy issuance
- Cost savings in courier, storage, and manual filing
🛡 Risk Control Through Digital Signing
Paper signatures are vulnerable to:
- Forgery
- Lost documents
- Tampering
- Manual access control failures
EviaSign protects against these with:
- Device + IP tracking
- Identity certificates
- Secure archival
📌 Conclusion
E-signatures are no longer optional for BFSI. With secure, ETA-compliant platforms like EviaSign, banks and insurers can accelerate growth while reducing risk.
No comments yet