On February 16, 2023, the digital agreements security company OneSpan™ announced the launch of its OneSpan Notary. This all-in-one cloud-connected solution allows organizations to transform how notaries and clients’ complete agreements and notarize documents in a secure and trusted environment. OneSpan™ Notary was uniquely designed in collaboration with commissioned notaries through industries to ensure security and help achieve compliance with a simplified user experience. With the help of this cutting-edge solution, notaries and singers can seamlessly switch from a time-consuming paper process to a secure, digital one.
Organizations are looking for more simplified alternatives for digital and remote document notarization, with the need for digital business transactions accelerating since the pandemic. More than one billion documents are notarized yearly in the U.S. Traditional notarization process can create friction and is vulnerable to rising cases of identity theft and fraud. More than forty U.S. states have passed remote online notarization (RON) legislation to date, following the pandemic. As a result, the demand for highly secure online notary services has skyrocketed in the United States, concurrently with the global adoption of qualified electronic signature solutions.
OneSpan Notary enables organizations to facilitate compliant, legally binding, and secure signatures in real time. It offers secure videoconferencing to support multiple signers in different locations, gives an effortless notarization experience with I.D. proof options and built-in security controls, and further mitigates security risks and frauds to control false signing. The solution will utilize capabilities like application ability for a notarial seal and access to an electronic journal.
OneSpan Notary is the newest addition to the flexible, simplified, and cost-effective OneSpan™ Transaction Cloud Platform pricing model, announced last week. It enables customers to deliver business outcomes without overbuying or under consuming licenses. OneSpan Notary encompasses the entire lifecycle of digital agreements, from identifying an unknown signer to securely storing contracts and artifacts. The solution is expected to be available in March 2023 for customers with in-house notaries in eligible states in the U.S, with additional support to be rolled out later in the year.
About OneSpan™
Founded in 1991, OneSpan™ enables secure, compliant, and refreshingly easy customer agreements and transaction experiences to organizations and helps them accelerate digital transformation. Organizations requiring high assurance security, including end-users’ integrity and the fidelity of transaction records behind every agreement, choose OneSpan™ to simplify and secure business processes with their partners and customers. To streamline and secure business processes with their partners and customers, organizations requiring high assurance security, including the integrity of end-users and the accuracy of transaction records underlying every agreement, choose OneSpan™.