Protean eGov Technologies Ltd., a provider of citizen-centric and population-scale e-governance solutions, has launched a digital signature and stamping product, eSignPro. The eSign and eStamping offering comes with an enterprise-grade full-stack smart documentation and automation suite.
Having processed more than 40 crore eSign transactions, the company's latest upgrade to eSign stack is aimed at further expanding its product offering and promoting cost efficiency and ease of doing business.
Financial institutions spend more than Rs 200 a day, on average, to print, execute and store physical documents and manage logistics between their customers, branches and central offices, and millions of such agreements are executed annually. eSignPro delivers this in a digital, paperless and legally accepted format at a reduced cost. Additionally, the automation feature built in eSignPro helps streamline workflows, create customised templates and have maker/checker functionality.
“India has made transformational progress in creating multi-sectoral digital public infrastructure," said Suresh Sethi, managing director and chief executive officer of Protean eGov Technologies. "This has been accompanied by progressive regulatory and legal framework like the Information Technology Act 2000 and Electronic Signature or Electronic Authentication Technique and Procedure Rules, 2015, which have enabled end-to-end digital and paperless processes.”
“In spite of that, we are still saddled with physical documents and storage challenges leading to significant financial and environmental impact. eSignPro can completely eliminate physical paper and manual signatures across a host of processes such as account opening, KYC, lending and any contract execution,” Sethi added.
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