The Royal Bank of Scotland is implementing Valicert's Document Authority platform for its TrustAssured Sign and Store service, a secure document signing and archival system utilising smartcard-based digital signatures.
The Document Authority platform provides secure document exchange and messaging, protected audit trails, a Web-based user interface and an Identrus-enabled infrastructure.
Sign and Store enables users to digitally access, approve and sign hig value documents with a standard Web browser.
Jeremy Rudge, head of e-Commerce, Royal Bank of Scotland, says: "We chose Document Authority to power our Sign and Store service because it offers a secure means to exchange and sign critical documents quickly and easily that is as legally binding as paper-based methods."
Lombard, the bank's asset finance arm, uses Sign and Store to exchange leasing contracts with its corporate customers. Traditionally, these agreements were hand delivered by a Lombard agent or sent by courier, mail or fax.
Sign and Store accelerates the whole process, reducing the time required from days to minutes. One client has already generated in excess of $100 million in business through the Sign and Store service, says RBS.