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Thai startup makes major contribution to e-documents

According to a recent report, a Thai tech startup has introduced a smart solution for electronic documents and signing, making it the first startup to provide such electronic know-your-customer (eKYC) services in Thailand.

The service is expected to be a shot in the arm for Thailand’s transition into the digital age, enabling businesses in every sector to join the paperless society, the company’s founder and chief executive officer said recently. The service by the startup allows online documents to be created for electronic signing within one minute and these online documents can be signed electronically through any device, anywhere and anytime.

The service also is compatible with the online identity verification system of any organisation as well as the electronic time stamping (e-Timestamping) service from the Electronic Transaction Development Agency (ETDA), making identity verification less complicated and helping cut operation costs.

The co-founder of the start-up noted that today the company is ready to provide this service without any charge to build greater trust among its target users, including finance-related entrepreneurs, small and medium enterprises, start-ups, online entrepreneurs, B2B (business to business) firms, securities firms, lawyers council, law firms, and construction companies, for example.

According to the deputy executive director of ETDA (a public organisation), the introduction of this electronic document and signing solution will provide a practical alternative for electronic documents and signing to both the public and business sectors.

The ETDA has supported this service from the start-up with its e-Timestamping service to further improve its credibility. On top of that, the ETDA is also eager to provide support and assistance in the enhancement of such a service to meet higher standards of privacy by design and security, which will foster trust among the users. This service will become available free of charge as a New Year’s gift to the people.

It was added that that the e-Timestamping service is aimed at supporting e-document service by certifying the existence of an e-document, the revisions of which can be tracked for the interest of the users to be protected. In Thailand, the start-up is the first provider of such services as eKYC, digital signature and credit scoring.

The eKYC service makes it easier to process online transactions by facilitating the authentication using face-matching technology (together with ID card) and blockchain technology. After the authentication is verified, the system will create an online PDF document, which is accompanied by a login dashboard, document management and e-signature functionalities. This allows users to create their signature, upload photos and create blogs, while the e-document is trackable and can be signed by multiple users.

This service is in compliance with the Electronic Transactions Act BE 2544 that considers e-signatures to be legally binding. This means that this solution from the start-up will enable online transactions that need electronic time stamping for credibility purpose to be completed faster with the e-Timestamping service from ETDA, which makes it possible to track changes and verify completeness of the e-document.

The online credit scoring is based on analyses of data from multiple sources, including government agencies such as National Credit Bureau, as well as social media, aiming to facilitate financial loans and transactions, both online and offline, by providing accurate results for individual customers or corporations.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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