Xyzmo 4 Banking White Paper

Solutions for Banking

White Paper

xyzmo SIGNificant for Banking In today’s economic climate it is essential to improve operational efficiency and seek cost-cutting measures. On the other hand, the customer forms the core of all financial and banking transactions; therefore, having a competitive advantage in customer experience is key to getting more business. By embedding xyzmo SIGNificant’s signature solutions, financial institutions add digital signature capabilities to their existing infrastructure, closing the gap in the quest to go fully paperless by completely eliminating the need to print documents for signing. With xyzmo, a captured electronic signature is much more than just an electronic image. xyzmo records a person’s handwritten signature by measuring pressure, acceleration, speed and rhythm. These parameters are unique to every individual and cannot easily be reproduced by a forger. Once a signature (including all the biometric parameters) has been embedded into a document, it is turned into a signed and sealed PDF.

Benefits of using xyzmo’s technology:      

A perfect fit for various financial procedures, such as opening an account, withdrawals, loan origination, issuing policies, signing application forms and authorizing transactions xyzmo SIGNificant’s solutions enable a real-time signature comparison to replace old-fashioned “signature cards” Easily accepted by your customers and very similar to the current paper-based process Convenient and easy to integrate into existing IT environments Offers your company the benefits of a secure electronic environment Money-saving solution – guaranteed ROI within 12 months.

Solutions for Banking

White Paper Enhance your existing Infrastructure

… with all functionalities for a totally paperless process

Swipe Scan

Driver’s license/credit card

Convert & Seal Convert any document to PDF and seal it

Data Capture

Signature Capture

Using a soft keyboard

Using a signature pad, tablet PC, etc.

Email & Store

Verify Document

Send documents via email Store and retrieve documents

Attach Document Validate Signature Attach scanned passport, driver’s license or any other document

Signature is compared to biometric or static profile in real time (once or in batch mode)

Verify signed and sealed documents

Click2Sign Sign any document using a PIN sent by text message or email

Solutions for Banking

White Paper Digital Signature Platform Overview 

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Handwritten Signature Capturing – Our captured electronic signature is much more than just an electronic image. We record the handwritten signature of a person using parameters of pressure, acceleration, speed and rhythm. Comparison of Signatures – xyzmo’s top-notch version of the SIGNificant Biometric Server features a new generation of signature comparison capabilities, enabling the real-time biometric verification of a person’s signature against the SIGNificant platform by comparing the recorded parameters of their handwritten signatures with their pre-enrolled biometric or static profile. Therefore, documents are only processed if their signatures have been authenticated. Option for an Inking Pen Solution – The SIGNificant Inking Pen Solution allows the signature to appear on paper at the same time as the signature is captured electronically. This capability is relevant when there is a need to capture and record a handwritten signature both digitally and physically, such as in countries or sectors where electronic signatures are not yet legally binding and require a physical archive of signed documents. Signing with Certificates – Beyond the ability to capture a handwritten signature by using a broad range of signature-capture devices from various manufacturers, smart-cards, tokens and software certificates are also supported by our solutions. Using Click2Sign for Web Transactions – SIGNificant Click2Sign for web-based e-transactions offers various ways to identify a signatory over the web; from a simple “I agree” checkbox to a sophisticated challenge/response protocol using different channels (SMS, email etc.). Document Attachment – With the SIGNificant solutions, it is possible to attach any document: for example, a scanned passport, scanned driver’s license or any other original document. Server- or Client-Based Solution – SIGNificant solutions can be based either on a server or on a client, depending on the requirements. The SIGNificant Server enables signature processing from multiple disparate or interconnected business processes to support signing and verifying within a consistent technology platform. The SIGNificant Client is especially suited to professionals whose working conditions do not include online connectivity on a regular basis, or those who wish to work offline/locally.

Solutions for Banking

White Paper Typical Architecture POS

DC (DMC)

Internet

http(s)

https

USB Banking Software

DMS

POS PC

Signature Tablet e.g. STU-500

Cusomer PC

SIGNificant Server +WSI

SIGNificant Biometric server

Banking Software In the web browser (IE, Firefox)

Banking Software

COM

SIGNificant Server (sign,HTML2PDF,email, WS)

SIGNificant Tablet Manager

SIGNificant Server Kernel (sign, verify)

verify.company.com running on any browser

Any email client to receive documents + Acrobat Reader to view

SIGNificant Biometric Server (Enroll profile, authenticate)

Completely Signature Pad-Independent SIGNificant is a device-independent solution, meaning that it enables the use of a broad range of signature-capturing devices from various manufacturers. As some companies require basic signature pads, while others require more advanced devices, a signature pad-independent solution offers the necessary flexibility and leads to improved satisfaction rates due to the fact that each customer, integrating this solution, can choose the signature pad that best fits their needs. Examples are:

Solutions for Banking

White Paper Comparison of Signatures The SIGNificant Server Web Signing Interface and SIGNificant Client record the handwritten signature of a person (including measurements of parameters of pressure, acceleration, speed, rhythm and movements in the air) and embed the signature into an electronic document. The SIGNificant Biometric Server takes this ability one step further, enabling real-time biometric verification of a signature with the SIGNificant platform by comparison of the recorded parameters of the handwritten signatures against either the biometric or static part of the profile in real time. Documents are only processed if their signers are authenticated, and companies can prove who signed what document and when.

Features 

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Dynamic Signature Verification – The system utilizes distinctive aspects of the handwritten signature such as rhythm, speed, pressure, acceleration and movement by measuring the physical activity of signing. High-Security Concept – The system provides secure storage and communication of captured biometric signatures. Automatic Detection of Variations – The server automatically detects variations between signatures to make the personal profile as secure as possible. While some users sign in a very consistent way, others display a greater variance between signatures; the system recognizes and records this variance to calibrate the profile for future authentications. Versatile Threshold Factor – The authentication process is flexible and provides a varying authentication process for different environments, thereby allowing organizations to easily adjust the balance between customer acceptance and security. Clear, Fast Verification Results – The verification is performed in a transparent manner. The server compares the signature to the updated personal profile in the database and accepts or rejects the entry within milliseconds. Constant Profile Enriching – A dynamic mechanism recognizes the fluctuation rate in each of the signature parameters in real time, thus furnishing the authentication engine with additional parameters and enhancing the profile every time a signature is authenticated. Audit Trail – A detailed history of users’ security-related actions (enrollment, signature verification, suspension of signature profiles) is recorded.

Solutions for Banking

White Paper About xyzmo SIGNificant xyzmo's next-generation, e-signature suite adds digital signature capabilities to your existing infrastructure, closing the gap in achieving a fully paperless process by completely eliminating the need to print documents for signing. Speed up your processes with a solution that offers a fast, complete and secure way to process all of your transactions electronically so you can reduce costs and accelerate your business. xyzmo is the worldʼs most complete, open and signature pad-independent electronic signature software company. Thanks to our signature solutions, stamping and signing remain as easy as ever, but are performed directly in the electronic document and can be integrated with any existing application or document workflow procedures. xyzmo SIGNificant is a private company based in Ansfelden, Austria, with international offices in the United States and Germany. To learn more about xyzmo-SIGNificant’s solutions, please visit: www.xyzmo.com