Internet and Mobile trading platforms have changed the game providing real time access to customers for trading on stock markets. Unfortunately paperwork has not been cut down in the following areas
- Customer Onboarding for Brokerage Houses
- Broker Onboarding for Exchanges
- Demat account opening
- Contract Notes
- Settlement Instructions
This results in increased turn around times, compliance failures and no legal-repudiation in case of fraud.
Legally Valid Digital Signatures offer an ideal use case for enhancing security for online access to trading systems and for going paperless for customer onboarding and submission of other documents as listed above
eMudhra’s solutions offer the ability for the capital market ecosystem to enhance security and go paperless using digital signatures and PKI technologies
Secure Login Access
Stock Exchanges and associated entities (Clearing Houses, Depository Participants, Depositories, Broking Houses) use multiple mission critical applications to allow Brokers, End customers to trade on its platforms. The values traded are typically huge and run into billions of dollars where legal risk is of paramount importance
eMudhra’s emAS – flagship multifactor authentication suite, which has been deployed in leading Banks, entities associated with Capital Markets in India, integrates with existing platforms to allow digital signature based authentication between customers, intermediaries and exchanges. Enablement of digital signature based authentication comes with the benefit of legal non-repudiation, authentication, privacy and confidentiality.
Paperless Office Transformation
eMudhra’s paperless office solution emSigner works on the cloud to transform customer, supplier, internal workflows to completely paperless ones using Digital Signatures. emSigner is designed to allow customized workflow definitions, multi party signatures, sequential or parallel signing, encryption.
In a typical implementation for customer on boarding or submission of paperwork for transactions in Capital Markets, Customers use legally valid transaction based digital signatures which are generated server side while the approver uses a higher risk assurance class of digital signature in a crypto token to review and bulk sign approvals to complete the workflow. The documents are encrypted and stored in an inbuilt Document Vault. The documents are archived based on regulations for easy future retrieval.
Using emSigner results in huge cost savings, compliance and improved customer experience for Exchanges, Brokerage Houses, Depositories and Depository Participants. For more information, please click here to go to emSigner site.