With E-Signatures in Wealth Management, Authentication Reigns

16-Dec-2015 #Globalwealth Source: Wealth Management

The digital documentation is becoming prevalent in the wealth management industry as digital processes are more secure than paper-based processes, eliminating human errors. Considering its negative side, the digitisation also involves risk of hacking and cyber-attacks that can be avoided with the help of security tools such as encryption that ensures that only the right people have access to protected documents and data. The article explains about five primary authentication methods to safeguard digital documents including email verification, shared secret questions, text message, Know Your Customer (KYC) and Knowledge-Based Authentication (KBA).

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