The integrated solution combines ETSI TS 119 461-certified identity verification and QTSP-issued Qualified Electronic Signatures (QES) into Veyco’s Know Your Customer (KYC) platform to enable digital signing of contracts and legal documents. The partnership helps property professionals operate within the UK’s evolving regulatory and Land Registry framework while strengthening fraud prevention and delivering a seamless digital experience. The launch comes at a pivotal time for the market following HM Land Registry’s action to accept QES and encouraged the industry to adopt them for “greater security and ease for anyone involved in buying or selling residential or commercial property.” Under the UK eIDAS regulation, a Qualified Electronic Signature has the equivalent legal effect of a handwritten signature*. The integrated solution from Veyco and Entrust strengthens security and compliance by helping property professionals meet anti-money laundering (AML), Know Your Customer (KYC), and eIDAS requirements through electronic signing and AI-powered identity verification. It removes the need for paperwork, in-person appointments, and witnessed signatures, significantly streamlining processes for conveyancers, lawyers, estate agencies, buyers, and sellers.
Source: ffnews.com