Nations Trust Bank enables LankaSign Digital Signatures with LankaPay

Friday, 18 March 2022 00:00 - - {{hitsCtrl.values.hits}}

Nations Trust Bank PLC adds value to customers by enabling digital signatures for transactions partnering with the ‘LankaSign’ digital certification authority powered by LankaPay. The digital signature is a safe and convenient feature that strengthens the bank’s digital vision to enable a smooth digital banking journey by empowering customers to take control of their banking needs, end to end.

The ‘digital signature’ that comes in the form of a secure cryptographic code that only a particular person can use to sign documents is highly secure and reduces the risk of duplication or alteration of the document or the signature itself. The legally valid, internationally recognised and environmental-friendly digital signature will especially help businesses save on cost and time with documents and contracts being signed off with just a click of a button.

Nations Trust Bank PLC Chief Executive Officer Priyantha Talwatte commented on the initiative: “Banking is becoming more reliant on digital technology with each passing day, whilst limiting the use of paper is mandatory to protect the environment. In this backdrop, the need for digital signatures is all the more pressing and we are delighted to partner with LankaPay for their LankaSign digital signature service as a part of our ongoing digital journey.” he said, adding: “While our corporate and commercial banking customers enjoy the Nations Trust Bank Cash Management solution to self-serve their banking needs, the bank has taken an additional step to deploy digital signatures on legally valid digital contracts. This will enable added banking convenience in a digitally secured manner.”

As a pioneer in digital banking, Nations Trust Bank has rolled out a number of digital solutions to both retail and business customers and has transformed more than 80% of the transactions to a fully digital format. The introduction of digital signatures is a key step towards digitalising and automating processes across the bank, which help increase efficiency and provide a seamless experience for all Nations Trust Bank customers as well as employees.

Welcoming Nations Trust Bank aboard, LankaClear – the operator of LankaPay Network General Manager/Chief Executive Officer Channa de Silva stated: “We are indeed delighted to onboard Nations Trust Bank as another progressive bank for our LankaSign digital certification service. LankaSign is the only authorised Certification Authority (CA) in Sri Lanka that issues digital certificates in compliance with the Electronic Transactions Act and therefore, documents signed using LankaSign Digital Signatures are admissible as electronic evidence in a Court of Law.

This protects the interest of both the bank and its customers. Furthermore, introducing digital signatures to documents would help Nations Trust Bank to drastically improve internal efficiencies and provide convenience to all their customers to further enhance customer experience” he added.