Indonesia’s Financial Services Authority (OJK) predicted that digital signature business will experience tremendous growth in the coming years. Digital signature’s rise to popularity comes naturally with the growing necessity of a fast, secure, and reliable method to verify and authenticate electronic transactions between financial service providers and their customers.
OJK’s Head of Digital Financial Services Innovation, Triyono, explained that financial technology companies that offer lending services have the highest risk compared to other financial businesses. These companies thus need to employ a method that could build trust among its customers.
Digital signature’s technology that enables its users to validate the signer’s identity as well as authenticate the information provided in the digitally-signed document serves as a solution for both fintech companies and consumers to safeguard their transactions.
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