Digital signature pioneer Videosign has partnered with document-free digital identity verification specialists, OneID®, to further improve security options and convenience for users.
The new partnership allows Videosign users to verify identities using bank-verified data before signing contracts and documents.
Videosign Chief Executive Steven Tallant said: “Our new partnership with OneID means our users can quickly and easily prove their identity using reliable pre-verified information linked to their bank accounts. With 50 million adults in the UK already enabled for real-time identity checks, working with OneID offers a reliable and secure user experience with no form-filling, app downloading or document scans needed. We are very excited about the benefits this will bring to our users, enabling even more efficient workflows without compromising on security.”
Videosign, launched in 2019, aims to develop a solution that is more secure, efficient, and convenient than the traditional pen-and-ink signature.
Widely used in the financial services and legal professions, its online meeting platform has the built-in ability to create, sign and witness documents remotely.
Once signed with tamper-proof digital signatures, documents are stored securely alongside video evidence of the meeting taking place.
OneID® Chief Customer Officer Keith Mabbitt said: “By merging Videosign's innovative electronic signature approach with OneID's unique identity solution, a secure and straightforward method for authenticating individuals' identities is established, ensuring the protection of Videosign's customers and signatories.”
Nina Hinton, Head of Business Growth at Videosign, said: “Our users value the convenience that Videosign offers, allowing business to be done remotely without the need for unnecessary travel. Our partnership with OneID makes life even easier for our users by giving them the ability to verify who they are and sign documents even if they do not have identity documents with them. Using bank data in this way lets users sign whenever they want, wherever they are, on any device.”
Videosign continues to offer the option for users to verify identities by comparing individuals to passport or driving licence photos using AI-powered facial recognition.
Digital signatures used by Videosign comply with the highest eIDAS European safety security standards.
About OneID®
OneID® is the only provider of truly digital, real-time identity services that create absolute certainty between a business and a customer in the fastest, cheapest, and safest way. Our digital ID services use the most advanced counter-fraud measures to help protect banks, businesses, and consumers from online identity fraud. By streamlining existing ID processes, including payments, direct debits, onboarding and more, we help businesses reduce operational costs, increase sales and improve customer engagement.
As the only UK Identity Service with access to bank-verified data, approximately 50 million UK adults are already set up to use OneID® for real-time verification. OneID® is government-certified, regulated by the FCA and is a BCorp business.
Headquartered in the UK, we have brought together the best people in Digital Identity, Payments, Banking, Technology and Government to ensure we make the world a safer place.
About VideoSign
Videosign was launched in the UK in 2019 following the introduction of new rules allowing for remote signing and witnessing of contracts. The platform uses artificial intelligence and facial recognition software to confirm the identity of signatories and witnesses.
Videosign is widely used by financial advisors thanks to the improved customer experience it offers.
UK law now allows digital signatures to be used for most contracts.
For more information, visit https://www.videosign.co.uk
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