The Role of Certified Digital Signatures in Enhancing Security in the Financial Industry



Digitalization continues to colour the financial industry in a number of ways. One of these is through the proliferation of financial technology in digital banking. With the prevalence of this phenomenon, the banking industry, where trust is a core issue, needs to focus on security and protection of personal data. One way of doing this is by increasing the security of the identity-proofing process, or the customer-data verification and validation process, through the use of electronic certificates in accordance with the laws and regulations.


In a public discussion held online by national media on Friday 18 March, 2022, Semuel Abrijani Pangerapan, Director General of Informatics Applications at the Ministry of Communication and Information, said that the state recognizes the existence of the digital world as a space for public interaction, thanks to the ITE Law.


"Activities in the digital space are as legitimate as the physical space, but the digital space needs tools to ensure that the activity is legal. One such tool is a digital signature, whose use has been regulated under the ITE Law since 2008," he said.


Semuel explained that several ministries now use digital signatures (TTE) for state documents because they function the same as regular signatures. "Since a TTE is legally recognized as being as valid as a ‘wet’ signature, as long as it can be verified and validated, there should no longer be any reason for banks to hesitate to deploy them," said Semuel.


When choosing a digital signature, you should consider not only the benefits it brings, but also other aspects such as legality, and choice of service provider.


Digital signatures represent a breakthrough and a new and improved practice for today’s digital era. Are you ready to use digital signatures for your most critical activities?


If you are, then consider VIDA. VIDA is a Parent Electronic Certificate Operator (PSrE) that has been registered with the Ministry of Communication and Information of the Republic of Indonesia. As a PSrE, VIDA provides digital-identity infrastructure and digital signatures to create better business processes. Contact VIDA for your digital-signature solutions, as well as for identity verification and authentication systems that are recognized and used in 40 countries around the world.


(Source: tempo.co)




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