back Back

LuxTrust and Cryptomathic to offer remote e-Signature assurance

By Megha Bhattacharya

October 13, 2020

Share

LuxTrust announced recently that its users will now be able to benefit from a high level of e-signature security in the EU while remotely signing documents and transactions during their day to day use of digital services. The new development has been brought by the collaboration of European qualified Trust Service Provider LuxTrust and Cryptomathic.

“Luxembourg’s digital economy already provides businesses and individuals with an unusually high number of government, institutional and private sector digital services,” commented Pascal Rogiest, CEO, LuxTrust. “Our partnership with Cryptomathic has enabled us to upgrade our electronic signature services and to ensure that all users can now benefit from the highest level of legal protection when remotely authenticating and signing transactions and legally binding electronic documents. This achievement puts the Luxembourg digital ecosystem at the forefront in Europe; it is the only nationwide digital identity system to reach qualified level.”

The partnership follows the completion of LuxTrust’s technical migration to an eIDAS-certified QSCD version of Signer, Cryptomathic’s remote qualified digital signature solution, which has enabled LuxTrust to upgrade all of its clients (citizens and businesses) to the highest eIDAS-qualified level, according to the EU regulation’s requirements.

Guillaume Forget, Managing Director, Cryptomathic GmbH, commented, “This is a significant milestone in Luxembourg’s digitalisation journey. The global need to support social distancing measures has dramatically accelerated every country’s use of digital services and heightened the need for gold standard security in remote transaction and document signing. With this project now complete, citizens, businesses and institutions in Luxembourg can perform e-signatures carrying the same legal value as those performed face-to-face, by hand. Luxembourg is now setting the pace here. Cryptomathic is delighted to be playing such a meaningful and sustainable role in the country’s digital development.”

Previous Article

October 13, 2020

FinTech company Nium expands remittance routes for E9pay customers

Read More
Next Article

October 13, 2020

Shift4 Payments unveils QR Code ordering solution

Read More





Weekly Case Study

Chart of the Week

FinTech insights exclusively curated by the IBSi’s Research Team

Other Related News

August 03, 2023

Embedded finance providers are more likely to finance women-led SMEs, study shows

Read More

March 21, 2023

UK: Industry leaders defend FinTech’s future despite recent bank failures

Read More

November 17, 2022

Regulators should robustly supervise bank-FinTech relationships, Treasury report shows

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Global FinTech Innovation Awards 2024

Here’s to the coolest in FinTech!
Nominate Now!
close-link
Nominate now! IBSi Global FinTech Innovation Awards 2024