Next 5 Years 26.5% CAGR in Banking.

Industry Use Cases - Banking

Signature is a vital necessity

• Opening Accounts
• Depositing Money
• Loan Approvals
• Onboarding Potential Customers

Types of Digital Signatures

Simple Digital Signature

• Not Encrypted
• Can not reveal the identity of the authenticator or modifications made to the document after signing
• Can be easily copied /faked
• Not advised from legal point of view

Basic Digital Signature

• Not much difference from simple
• May demonstrate modifications done after it is signed
• Does not use Two factor authentication
• Can not confirm the identity of the signer

Advanced and Qualified Digital Signature

• Created using PKI - Public Key Infrastructure
• It is simple to track modifications to the document after it is signed
• Signed user’s identity can be confirmed
• Two step authentication is implemented with various types of authentication mechanisms like - OTP, SMS etc.

Categories of Digital Signatures

Class 1:

• Specific certification on email Id and username so can’t be used on official documents.

Class 2:

• Frequently used for e-filing of tax papers for GST and Income tax.

Class 3:

• The highest level of digital signatures.
• Used in e-auctions, e-tendering, e-ticketing, court filing etc.

How to create Digital Signature

Case Study on Digital Signature Integration with OSWAS

OSWAS - Odisha Secretariat Workflow Automation System

Tatwa Technologies Limited implemented digital signature integration solution with ODISHA SECRETARIAT WORKFLOW AUTOMATION SYSTEM application as part of IT Modernization.

Implementation included:

• emSigner-Paperless Office transformation
• emAS - enable individuals and organizations to have digital certificates to digitally sign documents.
• eSign -
• Functionality is to sign Notings (HTML) and approved drafts or letters (PDF) using eSign and Digital signature with Physical tokens.
• Browser agnostic and OS agnostic solution.
• Bulk Signing of documents.
• Facilitate Signing of one document by multiple individuals and same individual can sign at multiple places.
• Signing of the Noting (in HTML editor) in the application with e-sign. (Approximately 3500 transactions per day with 5% Concurrency)
• Signing of approved drafts or letters (PDF documents) with e-sign. (Approximately 2000 transactions per day with 5% Concurrency).