New service from Skribble – Legally valid electronic signing
Every person who has a German bank account with online banking can now sign electronically at the highest security level-a novelty for the DACH area. This is made possible by a new service from the e-signature provider Skribble.
If you want to sign digitally with the same legal certainty as by hand, you must be identified in advance by means of an official ID.
Previously, this identification was possible in the EU via video or in person on site. E-signature provider Skribble complements the identification via Online Banking. This makes electronic signing with the same legal certainty as manually accessible to the whole of Germany in one fell swoop.
Barriers for companies reduced
The innovation significantly simplifies the transition to e-signature for companies, especially when dealing with private customers: the hurdle of identity verification and the associated expenditure of time and costs are largely eliminated.
Unlocked on Skribble after a few minutes: The e-signature with the same evidential value as the handwritten signature. (Source: Skribble)
Unlike other methods, bank identification is possible around the clock and is done within minutes – no waiting times, video calls and the presentation of an identity document are necessary. The signatories only need their existing online banking access.
More efficiency and lower costs for companies
Philipp Dick, CEO, Skribble (Source: Skribble)
The electronic signature holds enormous potential for cost savings and increases efficiency for companies. In many places, it is the only missing piece of the puzzle for seamless digital processes. “The ballpoint pen has mostly won over the e-signature until recently – the technical and legal requirements for e-signing were too high,” says Philipp Dick, CEO and Co-Founder of Skribble. “Skribble has developed a solution that makes e-signature attractive to businesses by combining security and simplicity. With the connection of bank identification, we are once again massively simplifying the transition for companies with business activities in Germany,” continues Philipp Dick.
Identification requirements differ depending on the e-signature standard
The law in the EU and Switzerland, distinguishes between three E-signature Standards:
- The simple electronic signature (EES)
- The Advanced Electronic Signature (FES)
- The qualified electronic signature (QES)
The highest standard, the qualified electronic signature (QES) , requires maximum security in identification and, in addition to the new type of bank identification, can only be carried out via ID verification via video or in personal contact.
The QES has the highest probative value and is equivalent to a handwritten signature under EU and Swiss law.
The law distinguishes between three e-signature standards with different evidentiary value. (Source: Skribble)
The QES is used if the law requires the written form or if there is a high risk of liability. This is the case, for example, with terminations, consumer credit contracts, various employment contracts, (re)insurance policies or submissions to authorities, whereby the exact requirements may vary from legal area to legal area and from company to company.
Skribble is the global provider of electronic signatures with Swiss data protection and EU compatibility. As a one-stop shop for electronic signing, Skribble provides the legally appropriate electronic signature for every type of contract – even if written form is required. It is based on legally regulated standards, including the qualified electronic signature (QES) – the only form of electronic signature that is equivalent to a handwritten signature under EU and Swiss law.