Advanced electronic signature

You are currently browsing the archive for the Advanced electronic signature category.

  • Banco Sabadell’s digital hub carries out its first investment in Spain, after its initial investment in British startup Bud.
  • Alongside InnoCapital –the corporate venture vehicle of InnoCells–, Murcia Emprende SCR, Serban Biometrics and a consortium of well-known business persons from Murcia (business angels) are also participating in the investment round.
  • Biometric Vox, a company hailing from Murcia, offers authentication and biometric voice signing solutions.
  • Banco Sabadell already has fifty startups in its portfolio, thanks to its three investment vehicles.

InnoCells, Banco Sabadell’s new digital business hub has led an investment round for Biometric Vox, a Spanish startup which offers authentication and advanced electronic signature solutions through voice biometrics.

The company, located in Murcia, has raised more than 1 million euros in seed capital through different investors: InnoCapital –the corporate venture vehicle of InnoCells, Murcia Emprende SCR, Serban Biometrics and a consortium of well-known business persons from the region of Murcia (business angels).

InnoCapital carries out strategic digital and technological investments in businesses in their seed stages, A and B series, relating to areas of strategic interest for Banco Sabadell Group.

Biometric Vox was created in Murcia in 2015. The startup offers multiple products based on voice biometrics. These products are created based on machine learning techniques which are adaptable to each context and customer.

  • CheckVox is a voice identification solution developed using in-house technology, tested in extreme situations, such as the agricultural environment. CheckVox has been granted the National Association of Appraisers and Legal Information Technology Experts (Asociación Nacional de Tasadores y Peritos Judiciales Informáticos).
  • FirVox is the first advanced voice biometrics platform, created under European Regulation 910/2014 (eIDAS). It provides a legally binding electronic signature which is backed by the European Agency of Digital Trust (EADTrust).

Joaquín Cros, founder of Biometric Vox, highlights the importance of this investment to “speed up the international expansion of the company and to benefit the human team involved in the project.” “This new stage represents a huge step forward towards new research lines”, according to Cros.

Julio Martínez, Executive Director of InnoCells, highlights: “The solutions which Biometric Vox offers satisfy the increasing demand for personalisation, immediacy and security in the consumption of financial and non-financial services. At InnoCells we are committed to startups such as Biometric Vox, which are pursuing technology and digital leadership, and work with a strategic vision of a business model which is based on clear market trends.

InnoCells explores areas of strategic collaboration with startups, fintechs, digital players, and the foreign innovation ecosystem to create value for customers of Banco Sabadell Group.

In October, the InnoCells team co-led its first investment for the amount of 1.5 million pounds (around 1.6 million euros) of seed capital at Bud, the leading British platform for the integration of solutions and financial products in a single marketplace.

More information about Banco Sabadell and innovation
Banco Sabadell’s overall support strategy for start-ups includes funding, capital investment and innovation from different divisions of the bank. The BStartup Division was created in 2013, with specialised branches located throughout Spain, allowing start-ups to access specialised banking services and funding. In the same year, it created its investment vehicle, BStartup10, for early-stage start-ups. In 2015, it set up Sabadell Venture Capital for capital investments and Venture Debt of up to 2 million euros in seed-stage and Series A-stage start-ups. InnoCells was created in 2017, the hub for new digital businesses, and its corporate venture vehicle, InnoCapital. Banco Sabadell has allocated more than 140 million euros to startups, both in terms of funding as well as investment, with more than 2,500 customers of this type of company and more than fifty startups in its portfolio.

Existe la posibilidad de realizar una contratación telefónica de forma que el usuario que presta el consentimiento reciba un PDF que recoge las condiciones de contratación y en el que se incorpora una herramienta de escucha de audio con la que puede escucharse a sí mismo aceptando la oferta y, por tanto, perfeccionando el contrato.

De esta forma puede acabar esa costumbre de los call center de contratación a distancia que se quedan con al grabación pero no se la dan al propio usuario, forzando a que la transacción sea asimétrica.

Gracias a la firma biométrica de voz (firma vocal) se recupera la simetría probatoria de los contratos escritos, y, por tanto la “igualdad de armas” en caso de litigio.

Para poder gestionar la firma vocal, no solo es importante que el motor biométrico sea potente (con buenas tasas de falsas aceptaciones y falso rechazos), sino que la información se cifre y se codifique adecuadamente para preservar su valor probatorio futuro.

Y si la gestión de firma vocal está alineada con la definición de firma electrónica avanzada que se incluye en el artículo 26 de EIDAS (Reglamento UE 910/2014), podrá beneficiarse de la admisibilidad en juicio en cualquier país de la Unión Europea.

Contacte con EADTrust en el +34 91 7160555 si necesita acometer un proyecto de Firma biométrica de voz, y vea en qué podemos ayudarle. Si es un empresa que cuenta con tecnología biométrica propia, podemos ayudarle a ampliar su funcionalidad para la firma. Si es una empresa que la quiere adoptar, podemos recomendarle una de las soluciones que hemos auditado.

European Agency of Digital Trust has developed a check list to assess best practices adoption in systems managing advanced electronic signatures when voice (and its specific biometric information) is used as signature creation data.

REGULATION (EU) No 910/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 23 July 2014 on electronic identification and trust services for electronic transactions in the internal market and repealing Directive 1999/93/EC /EIDAS) defines advanced electronic signature in Article 26:

An advanced electronic signature shall meet the following requirements:

  1. it is uniquely linked to the signatory;
  2. it is capable of identifying the signatory;
  3. it is created using electronic signature creation data that the signatory can, with a high level of confidence, use under his sole control; and
  4. it is linked to the data signed therewith in such a way that any subsequent change in the data is detectable.

It is clear that voice signature:

  1. it is uniquely linked to the signatory;
  2. it is capable of identifying the signatory;
  3. is with a high level of confidence, under the sole control of the signatory

Nevertheless, to comply with all requirements, an advanced electronic signature solution also must guarantee:

  1. it is linked to the data signed therewith in such a way that any subsequent change in the data is detectable.

The best practices as defined by EADTrust also mandate additional requirementss:

  1. Evidence of the granting of consent by the signatory in relation to a document in his/her own voice and the linking of the evidence to the document.
  2. Resistant to pre-recorded voice simulations and speech synthesisers by potential impersonators (phishers).
  3. Probative symmetry. Immediate availability of the document to the signatory and evidential resources at a cost in line with those applied to paper signatures.
  4. Durable medium as signature support. Persistency of the document so that the parties can prove the identity of the signatories and content of the document at any given moment in the future.
  5. Option of verification of the vocal signature and document contents by the signatory in a straightforward manner, through the degraded version of the speech sound as pronounced by the signatory.
  6. Impossibility of retrieving the high quality recorded voice by the organisation applying the technology and that of the embedding of the voice signature on other documents.
  7. Option of comparison of the high quality recorded questioned voice with known voices from the signer within a forensic context and that of dispute resolution.
  8. Option of generating hybrid documents valid on paper and electronic formats.
  9. Availability of information to signatories or their legal representatives as regards the method of furnishing evidence and analysis thereof within a litigation.
  10. Protection of personal information pursuant to the Privacy Act. Existence of Data breach response plan in place

European Agency of Digital Trust (EADTrust) is the first accredited security auditor to carry out assessments regarding Advanced Vocal Signature following the aforementioned principles. You can contact them calling +34 91 7160555