NDB, first SL bank to implement digital signatures for internal and external usage
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From left - Dinuka Perera COO – LankaClear; Channa de Silva - GM/CEO – LankaClear; Dimantha Seneviratne - Director/GCEO – NDB Bank; Deepal Akuretiyagama COO – NDB Bank; and Damitha Silva AVP, Digital Financial Services – NDB Bank
National Development Bank PLC has made a significant contribution to the digital arena by providing new and innovative solutions with every step. In this journey towards a digitally enhanced bank, NDB becomes the first bank to implement digital signature for both internal and external usage, it said in a media release on Thursday.
The bank, together with LankaSign, the only authorized Certification Authority (CA) in Sri Lanka that currently issues Digital Certificates in the country, aims to replace or provide an alternative to the physical signature of a user to digitise the document signing process, which will be convenient, authenticated, secure and error free.
A Digital signature is based on cryptographic technology and offers greater document security and signer authenticity than a physical signature especially making a signature tamper proof. While a physical document can be altered in transition, if a digital signature is affixed to an electronic document, it can be made tamper-proof. Digitally signing of documents with LankaSign digital certificates ensures authentication, integrity and non-repudiation.
NDB Bank’s Director/Group CEO Mr. Dimantha Seneviratne said: “This process will drive both internal and external digitisation simultaneously supporting the national mission of creating a digital nation by creating a paperless environment internally while also providing greater convenience to our customers going forward.
Speaking of the partnership with NDB towards introducing LankaSign Digital signatures to NDB customers, Channa de Silva, GM/CEO of LankaClear stated: “LankaSign digital signatures have been in use for many years, however the expediency of such a solution has been felt the most with the outbreak of COVID-19 pandemic. NDB’s adoption of Digital Signatures could be considered as a significant step towards automating business processes to be efficient and productive.”