Recently, RegTech Sumsub introduced its Qualified Electronic Signature Verification tool, which streamlines authentication in a number of industries.

In accordance with national laws and the requirements of the eIDAS framework, the solution is intended to improve security, compliance, and efficiency in remote user onboarding throughout the European Union and Norway. Sumsub's QES Verification solution addresses major issues with user onboarding and regulatory compliance in the face of the growing need for safe and effective digital transactions.

QES Verification ensures full compliance with national laws and the eIDAS framework, making it an ideal solution for businesses operating across multiple EU countries. Recognized and accepted in all EU member states, it simplifies cross-border transactions and agreements. By streamlining processes that require document signing or face-to-face identification, QES saves both time and resources while maintaining legal integrity.

Additionally, QES offers a cost-effective alternative to traditional onboarding methods and in-person verifications. It holds the same legal standing as handwritten signatures, enabling legally binding digital transactions. With robust security features such as encryption, user control, and tamper-evident mechanisms, it ensures the highest level of protection for digital agreements.

The ID capture and biometric verification procedures used by Sumsub, on which this technology is based, guarantee that a signature produced on authorized signature creation devices may be uniquely associated with and able to identify the signatory.