Signitory provides digital (coming soon) and electronic signing solution services to their users, enabling them to sign documents electronically in compliance with applicable Malaysian laws and the services are widely acceptable in most jurisdictions.

“Electronic signature” is defined in the Malaysia Electronic Commerce Act 2006 (“ECA 2006”) as any letter, character, number, sound or any other symbol or any combination thereof created in an electronic form adopted by a person as a signature.

An electronic signature shall be legal, valid and enforceable notwithstanding that it is wholly or partly in an electronic form. The ECA 2006 provides that any information shall not be denied legal effect, validity or enforceability on the ground that it is wholly or partly in an electronic form.

When submitting a signing document, the sender has the option of using KYC signing. By enabling KYC signing, the sender indicates that the signer(s) for the signing document must first complete the KYC process before being able to sign.

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. Blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. [euromoney.com]