Banque du Caire launches electronic signature service for companies, financial institutions
Banque du Caire has announced the launch of an electronic signature service (I-Sign) for its corporate and institutional clients, becoming the first bank to use the electronic signature in banking forms and documents related to cash flow management services and products, foreign trade operations, and securities products. The service also covers subscription forms for the corporate Internet banking service.
Tarek Fayed, Chairperson and CEO of Banque du Caire, highlighted the importance of this step in providing banking services to the bank’s clients, in line with the state’s vision of achieving a digital economy, as well as the bank’s expansionary policies in the field of digital transformation.
Bahaa El-Shafie, Deputy Chairperson of Banque du Caire, explained that the launch of this service is a recognition of the value of time and efficiency that business customers need, regardless of the size of their companies, whether small or large. He also added that the service is in line with the bank’s vision of digitizing and automating the largest possible number of banking products and services to give a competitive advantage to customers.
Osama El-Naggar, Head of the Global Transactions Banking Group at Banque du Caire, added that the electronic signature provides many benefits to corporate clients, the most prominent of which is signing and authenticating banking documents and forms and sending them to the bank electronically with the highest security standards. He also mentioned the advantages of privacy and confidentiality that corporate clients enjoy through the use of a strong encryption system.
In the same context, the bank revealed that it had obtained the ISO 27001 certificate as a culmination of the bank’s efforts in the field of enhancing information security systems. The bank is continuously keen on ensuring data confidentiality, as this standard aims to provide a systematic framework for protecting information from cyber threats and ensuring their confidentiality and safety, which reflects the bank’s commitment to the highest standards of cybersecurity and its ability to protect sensitive information.