{"id":561047,"date":"2021-03-23T03:59:25","date_gmt":"2021-03-23T03:59:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/thndr-led-alliance-of-fintech-teams-up-to-set-up-private-e-signature-service-provider\/"},"modified":"2021-03-23T03:59:25","modified_gmt":"2021-03-23T03:59:25","slug":"thndr-led-alliance-of-fintech-teams-up-to-set-up-private-e-signature-service-provider","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/thndr-led-alliance-of-fintech-teams-up-to-set-up-private-e-signature-service-provider\/","title":{"rendered":"Thndr-led alliance of fintech teams up to set up private e-signature service provider"},"content":{"rendered":"

Thndr is leading a consortium of five fintech companies looking to set up an <\/strong>independent e-signature service provider<\/strong>, the stock trading app said in a press release (pdf)<\/a>. Dubbed Imda, the consortium includes fintech platforms Digital Finance (DFin) Holding and Masria Card<\/a>, facial recognition software developer Digified<\/a>, and Public Partners Ins. Brokerage<\/a>.<\/p>\n

What is an e-signature, you ask?<\/strong> Just like real signatures, but digital. E-signatures are enforceable digital signatures that use encryption to securely verify the identity of a signatory, and authenticate certificates.<\/p>\n

An end to paperwork?<\/strong> Together, the companies aim to roll out a service that will allow users to \u201ccreate digitally verified identities\u201d through which they can imprint their court approved e-signatures on digital documents, contracts and agreements. The announcement comes less than a month after the ICT Ministry\u2019s executive arm ITIDA said<\/a> it will award up to three licenses to tech companies to provide e-signature and timestamp services, a step it says will help develop Egypt\u2019s digital economy.<\/p>\n

CORRECTED ON 24 March 2021<\/p>\n

A previous version of this story incorrectly stated that the Thndr consortium could become the first independent e-signature provider. Information security company EgyptTrust<\/a>, which is minority-owned by Telecom Egypt, has held a license to provide the service since 2005.<\/p>\n","protected":false},"excerpt":{"rendered":"

Thndr is leading a consortium of five fintech companies looking to set up an independent e-signature service provider, the stock trading app said in a press release (pdf). Dubbed Imda, the consortium includes fintech platforms Digital Finance (DFin) Holding and Masria Card, facial recognition software developer Digified, and Public Partners Ins. Brokerage. What is an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7323],"tags":[377,72,183,1635,888],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561047","post","type-post","status-publish","format-standard","hentry","category-fintech","tag-cybersecurity","tag-enterpriseam","tag-fintech","tag-itida","tag-thndr","wpautop","entry"],"acf":{"mongo_id":"4ba31f8c-d451-4eb8-a212-4e3053aaf661","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561034],"teaser":"","voice_url":""},"yoast_head":"\nThndr-led alliance of fintech teams up to set up private e-signature service provider - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/thndr-led-alliance-of-fintech-teams-up-to-set-up-private-e-signature-service-provider\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thndr-led alliance of fintech teams up to set up private e-signature service provider\" \/>\n<meta property=\"og:description\" content=\"Thndr is leading a consortium of five fintech companies looking to set up an independent e-signature service provider, the stock trading app said in a press release (pdf). Dubbed Imda, the consortium includes fintech platforms Digital Finance (DFin) Holding and Masria Card, facial recognition software developer Digified, and Public Partners Ins. Brokerage. 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