Signitory: Anti-Fraud eSignature Solution Can Help Businesses Save Time and Money

• Signitory’s eSignature solution eliminates cybersecurity and
  fraud concerns by streamlining the whole process into an all-in-one application
  that records are ledgered on the blockchain.
• Businesses can decrease the time spent devising contracts and
  collecting signatures from days to hours.

KUALA LUMPUR, MALAYSIA – Media OutReach – 6 September
2021 – Business owners are facing disruption in creating and signing
contracts in the pandemic. Generating tamper-proof electronic agreements and
ensuring the authenticity of remote signees can be challenging. This includes
issues such as identity theft, document fraud, and other digital scams
synonymous with sending electronic documents through the internet. Signitory’s
timely launch of its unique eSignature solution addresses all these challenges.

According to PwC’s Global Economic
Crime and Fraud Survey 2020, the total cost of these crimes is at an
eye-watering US$42 billion. That’s money taken straight off companies’ bottom
line. And 13% of those who had experienced fraud said they had lost US$50
million-plus. The survey lists the common risks as customer fraud, cybercrime,
and asset misappropriation. Small-Medium Enterprises (SMEs) are subject to
these same risks, just like large multinational companies.

Traditionally, the process of creating electronic agreements and
collecting signatures is fragmented and subject to multiple issues. Businesses typically
use various software or applications to create electronic documents.
Subsequently, these electronic agreements are sent via unsecured means such as
public email services or open chat messenger apps, exposing businesses to cyber
security risks that compromise company secrets.

Before creating Signitory, founders KC Lai and Carlo Chung found these
issues challenging. They were familiar with the amount of documentation
required within Multinational Companies (MNCs) and SMEs. Everything from
closing deals to onboarding new employees involved documentation. They wanted a
way to help businesses to complete documents with ease, accuracy, and security.

Since KC and Carlo have extensive experience creating and transforming
businesses with enterprise and blockchain solutions, they developed Signitory
to provide entrepreneurs and professionals with a complete frictionless signing
experience. To maintain regulatory requirements and contract legitimacy, KC and
Carlo combined the best of Blockchain, SaaS and eKYC (Electronic Know Your
Customer) technologies into Signatory’s system to make a genuinely unique and
compliant solution.

Signitory’s eSignature solution eliminates cybersecurity and
fraud concerns by streamlining the whole process into an all-in-one application
that records are ledgered on the blockchain. The workflow covers creating,
editing to verifying, keeping the entire transaction safe.

The company’s blockchain-based technology safeguards signed
electronic documents from being altered. It can further detect if signed
electronic records have been tampered with in any way. Additionally,
Signitory’s eKYC solution captures live video movements and official
identification documents from all signees to ensure accurate identity
verification before the document is signed.

Now, all businesses can benefit from the convenient solution
that KC and Carlo have built. The company has released a comprehensive guide for eContract
and eSignature management at an affordable price for businesses of all sizes. Moreover, Signitory’s latest
promotion, the Un-Real $2 Deal is perfect for
any entrepreneur or professional who wants to use the eSignature solution to
save time and money. To get this offer, please visit https://www.signitory.com.

“We want to make it as easy as possible for entrepreneurs
to continue securing deals and building their businesses. This is why we are
offering the Un-Real $2 Deal, which features massive savings on our Starter
package,” said Victor Yong, Marketing Manager at Signitory.

The eSignature solutions company’s offer is timely. Generating
paper-based traditional contracts and getting signatures during the covid era
is challenging for most organizations. The latest statistics show that the
time difference in obtaining signed documents between traditional and
e-Signatures is 5 days vs 37 minutes.

“According to studies on eSignature
solutions, 78.62% of businesses say eSignature apps helped save money, taking
account into material, administration, shipping and subscription costs. There
was also an 80% average reduction in turnaround time using eSignature. The data
is a testament to the effectiveness of eSignatures in the financial and
business landscape.” said KC Lai, CEO of Signitory.

Signitory is available on Google
Playstore at https://www.signitory.com/. Signitory will
launch an Apple App Store version soon.