Press release
OneSpan Strengthens Protection of Web3 with New Innovative Cloud Notarization Solution
Co-created with OneSpan notary customers, the new solution offers a convenient way to notarize documents digitally with the industry’s highest level of
About this update from Onespan Inc.
[{"type":"text","content":"\nCo-created with OneSpan notary customers, the new solution offers a convenient way to notarize documents digitally with the industry’s highest level of security\n\n CHICAGO--(BUSINESS WIRE)--\nOneSpan™ (NASDAQ: OSPN), the digital agreements security company, today announced the launch of OneSpan Notary, a next-generation, all-in-one, cloud-connected solution that enables organizations to transform the way notaries and customers complete agreements and notarize documents in a secure and trusted environment. Unlike other industry solutions, OneSpan Notary was co-designed in collaboration with commissioned notaries across industries to ensure security and help achieve compliance with a streamlined user experience. This innovative solution provides a new level of flexibility, making it refreshingly easy for notaries and signers to transition from a cumbersome paper process to complete and trusted end-to-end notarization in the cloud.\n\nWith the pandemic accelerating the need for digital business transactions, organizations are seeking more streamlined alternatives for digital and remote document notarization. In the U.S., over a billion documents are notarized annually. Everyday events, such as buying a house, creating an affidavit, or transferring a car title––may all require notarization, creating additional friction in the process. Also, identity theft and fraud continue to rise significantly––scammers target high-value transactions, such as property transfers, mortgages, estate documents, and powers of attorney. Dozens of U.S. state legislatures used the pandemic to pass bills legally allowing for digital or remote online notarization (RON). To date, more than 40 U.S. states have passed legislation for RON. As a result, the demand for highly-secure online notary services has skyrocketed across the U.S., in parallel to the increasing adoption of qualified electronic signature solutions globally.\n\n“OneSpan Notary is a solution that solves real-life business problems,” said Jim Lundy, Founder and CEO of Aragon Research. “As notaries are seeing the volume of digital transactions grow as they transition to digital environments, they face increasingly complex threats. Striking a balance between a highly-secure environment without sacrificing ease-of-use is a real challenge for enterprises today. In a digital economy, the need to ...