Deutsche Bank debuts digital signatures for corporates
Deutsche Bank wants to speed up account openings for its corporate and institutional clients by introducing a digital signature.
The bank says document and contract signing remains one of the “most important and frequent processes between banks and its clients and until today involves a high degree of manual processing”.
Using DocuSign’s solution, the bank has piloted it first with US-based Honeywell, one of its large corporate clients.
Marie-Astrid Dubois, assistant treasurer EMEA and Asia, Honeywell, says: “Deutsche Bank’s new digital signature solution is a good example of how banks can introduce new technology to enhance existing banking partnerships. This solution is a nice and obvious fix to the otherwise cumbersome collection of wet signatures.”
Clients can use the signature to open accounts, sign documents and buy products from the bank.
The solution is available to corporate and institutional clients in the US, the UK, Germany, Belgium and the Netherlands.
Deutsche Bank clients in Asia-Pacific and Middle East will be able to use the solution in 2019.
Staying on this digital theme, last month, Deutsche Bank launched eVault – a digital repository for exchange of documents – making it the “first” third-party document custodian to offer such a solution.
