Digital Signatures – An Innovative Way that Help Banks Build Clients’ Trust

MSB’s Role in Banking and Finance

Whether it is account opening, loan origination and closing processes, mortgage processes, operational reporting, or any other banking process, all of them involve thorough documentation. Any minor mistake leaves the customers unsatisfied and processes unfinished. Smart documentation solutions offered by MSB, a mature digital signing product has automated, simplified and streamlined the documentation problems for banks. MSB has made it easy to onboard the customers as a lot of banker’s time is saved on document generation, negotiation, tracking, and storage. With its seamless data integration between systems, all processes turn paperless and communication with customers turns out to be more proactive. All in all, MSB came into existence to mitigate compliance risk and increase competitiveness, growth, and profitability.

How MSB Makes A Difference in Financial Services Landscape

Increased value to current and new customers

MSB aims to offer ease and comfort in customer on-boarding processes and documentation. In addition to this, existing customers can also go digital while using other services and offerings from banks by getting all the required documentation done within the platform digitally.

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Faster turnaround by automating the processes

Preparing the documents and getting it signed within the various departments in the banking sector is the most hectic task to carry out and requires a lot of paperwork as well. MSB makes it easy by automating the processes with paperless transformation and a seamless way for collaboration.

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Conditional Workflow – Loan approval forms

Rejection and resubmission of documents is the most common issue faced in loan processing. MSB offers a solution that makes the workflow conditional at each stage of the loan process to handle the contingencies with ease.

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Reduced clutter with smart categorization

Storing and retrieving the required documents anytime anywhere is a basic need in all banking processes. In order to reduce the clutter and easy retrieval of documents, MSB offers labeling of documents in an efficient manner.

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 Validate the data with ease

Since several documents are being collected from the customers while onboarding, loan processing, mortgage etc. All these documents need to be validated. MSB features OCR for carrying out all these validations and smooth out the processes.

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Reduced opportunity for fraud

Since several documents are being collected from the customers while onboarding, loan processing, mortgage etc. All these documents need to be validated. MSB features OCR for carrying out all these validations and smooth out the processes.

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We ensure security & compliance!

MSB adheres to and meets the most demanding e-signature laws and guidelines across the globe. All the documents that are signed via MSB are legally enforceable under IT Act 2000 (India), ESIGN Act (USA), eIDAS (EU), FIPS 140-2. If we talk about the standards of security then MSB holds the highest standards for security such as ISO 27001, EU-US Privacy Shield and SSAE 16. We are also compliant with FDA 21 CFR Part 11, EMA, IT Act 2000 and HIPAA. So, with MSB, you don’t need to worry about the security of your crucial data as our system is full of security features including document validation and authentication control, signer identity verification, tamper-proof seal, and audit trail. So, the time you get partnered with MSB, you may eliminate the likelihood of all your documents being misplaced or being tampered and be ready to monitor transparency at every step of the processes.

Trusted by Those Ruling the Globe

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