E-Signatures for Banking & Insurance in Sri Lanka (Compliance Guide)

Banks and insurers in Sri Lanka are digitizing approvals to speed up onboarding and reduce operational risk. Here’s how e-signatures can help.

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 CaseInsurance Use Case
Account openingClaims approvals
Loan processingAgent onboarding
Fixed deposit & treasuryPolicy issuance
Digital KYCUnderwriting workflows
Vendor contractsCustomer 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.

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