LIVE SHOWCASE

Does eSign make sense for Liabilities Teams?

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DATE
9 Jan
Time icon
TIME
12 PM IST

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9 Jan
,
12 PM IST
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Do I have to join via a work laptop?

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SHOWCASE RECORDING

Does eSign make sense for Liabilities Teams?

Webinar Recording Thumbnail

Webinar Breakdown

4:36
Objective 1: Digitization is not worth it in a branch-led flow
16:29
Objective 2 & 3: ‘I agree’ consent box, eSign is not needed
31:29
Objective 4: Customers are more comfortable with physical processes
40:44
Objective 5: We don’t have enough IT bandwidth
50:01
Banks executing liabilities paperwork via Leegality
51:45
Q&A

On the surface, digital paperwork seems unnecessary for liabilities-side paperwork

Like CASA (Current and Savings Accounts), KYC/reKYC, Form Center, and Locker Agreements. But with Leegality, leading banks like IndusInd, Federal, and Yes are seeing fantastic results in reducing paperwork time, cost and boosting employee productivity.

In this recording, you'll get:

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ROI analysis of digital paperwork for liabilities

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Digital paperwork flow demo

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Open Q&A

FAQs asked on digital paperwork for Liabilities

  1. Is it possible to match if a secure virtual signature is of the intended customer? Is it legally valid to use a wet-ink signature without matching?

Currently, it is not possible to match wet-ink signatures digitally, and attempting to do so is neither practical nor effective.

Why banks do it: Some banks match wet-ink signatures to verify the signer’s identity, but this method is vulnerable to forgery. Anyone can replicate another person’s signature, making it unreliable for fraud prevention.

Our recommendation: Instead of relying on signature matching, we recommend using advanced security features like face match and two-factor authentication. These ensure that only the intended signer can sign, offering a more secure and fraud-resistant process.

  1. Does Leegality automatically change the language of forms/documents?

No, Leegality does not automatically translate the content of forms or documents.

Local Language Feature: Leegality allows you to customize the eSign interface in 11 Indian languages.

Document Translation Service: If you require the document itself to be created in an Indian language, our dedicated template team can do it. They specialize in creating documents in any Indian language within a few days.

Do I have to join via a work laptop?

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