The Central Bank of Ecuador, will incorporate its services, electronic signature technology. It can increase the level of confidence in electronic transactions and information exchange, so it also urged financial institutions to use this technological tool to secure the electronic transactions of their customers, and reduce the risks of theft and fraud in the banking system.
This technology guarantees the authenticity of who generates a data message, digitally signed document integrity, and also there is no possibility for a signatory to deny its action.
The electronic signature is data in electronic form attached to a data message, that identify the signature holder in relation to the data message and indicate that the signatory approves and recognizes the information contained therein. It has the same legal validity as a handwritten signature.
This signature is generated using a digital certificate, with which the certifying authority assures the link between the user’s identity, its public key and the private one.