Mumbai, India, July 23, 2020: Bengaluru-based startup, IDSign, a new-age Verifiable Digital ID and Signing platform, recently announced the formal launch of its brand and its novel & India’s first-ever mobile-based application. Incepted in 2018 and backed by the team with strong experience and expertise, IDSign aims at revolutionizing the way identity management, digital verification, and digital signing are done in India. It is the first company in India accredited as ‘Certifying Authority’ by the Government of India, with a mobile-first approach.
The platform is simple, efficient, and offers built-in highest-grade security, adhered to Global PKI, and would be upgraded to FIDO standards in the future. The biggest USP of the platform is enabling users to onboard themselves completely digitally without any contact. IDSign will be the first such company with an app-based approach where users can onboard themselves, sign documents, and verify their ID in a single application in a seamless fashion.
Currently, IDSign’s app is available for Windows, Android for beta users along with iOS planned for release within a month. It enables mobile users to- sign any document digitally or use mobile as a primary ID that can be verifiable by the platform and ability to sign all business-related documents, agreements, and filings with Tax & Government authorities at their fingertips. Uniquely, IDSign’s mobile-first approach elevates the process and experience of digital signing from desktops to a mobile platform.
Speaking about the launch, Naveen Chava, CEO, IDSign said, Since our inception, we have invested quality time in understanding industry gaps, developing suitable techniques, product testing, as well as securing necessary approvals from regulatory bodies for our novel app. Today, we are happy to go live. If you see, the global identity and digital signing market are poised to reach USD 100 bn by 2021.
He further added, The Indian market is still at a nascent stage but holds a lot of promises with developments happening around digital Bharat and Make-in-India. The current pandemic has taught us to adapt to the ‘new normal’ life. The need for maintaining human distance and reducing touch-based systems will invoke a myriad of changes in the identity verification and digital signing, steadily evading medium that requires physical and human touchpoints. Also, IDSign facilitates business and contractual obligations within the legal framework. In a present situation like a pandemic where users look ahead to complete their legal obligations remotely, the platform of IDSign allows individuals and businesses to verify identity, authenticate business transactions, seamlessly. By bringing digital signing to mobile and on-boarding completely paperless, IDSign is set to take lead into the sector covering areas like regulatory filings, business agreements, HR agreements, healthcare, and so on.
