However, as of January 2021, the number of companies using some form of electronic contract increas to 67.2%. [Note 1] In the securities industry, there is an urgent ne to introduce electronic contracts in response to the recent rapid spread of remote work. 2-2. Increas demand for non-face-to-face transactions due to the rise of online securities In the securities industry, Internet securities have increas their operating revenues in recent years, creating a strong sense of crisis among traditional securities. Online brokerages do not have physical stores, but instead allow non-face-to-face transactions through the Internet.
So there are cases in which customers
Of conventional securities are switching to online brokerages. In order for conventional securities to compete with online securities, it is necessary to work on company-wide digital transformation (DX) and introduce non-face-to-face transactions such as electronic contracts. 3. Specific benefits of introducing electronic contracts What are the benefits of Chile Email List using e-contracts? One of the biggest benefits is the ability to improve operational efficiency and ruce costs. In addition, introducing an electronic contract service and incorporating an authentication process using electronic signatures will prevent information leaks and strengthen compliance. Here, the securities industry introduces electronic contracts and explains three benefits of working on DX.
Improve operational efficiency and ruce costs
With the introduction of electronic contracts, the identity verification necessary for opening accounts and changing customer information can be complet online, simplifying administrative procures at stores. In addition, by switching to SG Phone List electronic delivery of transaction reports and other documents that were previously deliver on paper, it is possible to ruce costs such as printing costs, personnel costs, postage costs, and stamp costs. 3-2. Strengthen compliance An electronic contract using an electronic signature is a contract method that is equivalent to or more secure than a written contract. Therefore, by switching from a written contract to an electronic contract, the risk of customer information leakage can be ruc and compliance can be strengthen.