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E-signature in 2023
What Happened in Your World?

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2023 was a year in which electronic signature technology continues to develop rapidly, users get acquainted with new applications and tools. Many new products related to the topic have been launched both in Turkey and around the world.

Dozens of different events were held and talks were held on the development of e-Signature technologies. Millions of new users have started using e-Signatures, and various legal regulations have even been made on the subject.

The electronic signature, with which the whole world officially got acquainted in 2004, today has become an indispensable part of business processes. Government agencies, private enterprises, enterprises, conglomerates and individual users mostly prefer e-Signature today.

Imitation and undeniable, time-stamped, e-Signature also provides convenience to users in its different variants. Tokens, mobile operators, ID card readers and server-based e-Signatures are used on different digital platforms.

This adventure, which has been going on for almost 20 years, has become one of the cornerstones of digitalization in all processes. Officially, electronic signatures are used on different digital documents to perform digital document management. In addition, for banking transactions, digital money transfers and payments, remote transaction security is provided by technological digital signing tools.

How Much Has E-Signature Saved?

The biggest benefit of using e-signatures for individuals and organizations is saving both time and costs. Well, how much do those who use electronic signatures save. Come on, let's take a quick look at the numbers!

  • Businesses that switch to e-signature applications save between 55% and 78.62%, taking into account material, administrative, shipping, and subscription costs.
  • This conversion delivers up to 80% acceleration in processing times and 80% reduction in error rates. In addition, e-signature solutions increase the efficiency of businesses by 85%.
  • In financial institutions, e-signature reduces scanning errors by 92% and prevents file loss by 66%.
  • Businesses that use electronic signatures typically achieve a return on investment (ROI) of 81% within one year, and in some cases 25% within three months.
  • Businesses transitioning to paperless transactions reduce transaction errors by 90%.
  • In addition, two-factor authentication is used by 45% of organizations globally to improve e-signature security.
  • Customers review and sign electronically signed documents 40% faster.
  • Businesses recognize the importance of e-signatures in business operations in terms of legal and security in their business operations by 81%.

How has the use of electronic signatures changed in Turkey?

In the second quarter of 2023, there was an increase in the number of electronic signatures by 3.1% and the number of mobile signatures by 1.8%. This increase shows that the digitization process is gaining momentum and technological adaptation is increasing.

This increase in the use of electronic and mobile signatures has increased efficiency and accessibility in business and public services.

The proliferation of electronic and mobile signatures also brings new challenges in cybersecurity and data protection. Therefore, service providers and users should constantly update security measures and act in accordance with data protection standards. Ensuring a secure digital environment is critical to the success of these technologies.

USB bellek tutan gülümseyen kadın ve arka planda Arkimza logosu ile açılış ekranı görünen dizüstü bilgisayar.

What ArkSigner Did in the Electronic Signature Industry in 2023

In 2015, ArkSigner expanded its field with electronic signature infrastructures step by step into the industry with authentication and remote customer acquisition solutions. PDF signing, contract signing and document flow solutions stand out and have been widely preferred.

Our company, which had the opportunity to work with Turkey's major banks, private companies and government institutions for almost 8 years, kept the pulse of the sector close. In June, ArkSigner started producing certificates, E-seals and timestamps, in addition to the infrastructures that came with a full grade from BTK audits.

Related to the topic”What You Need to Know About ArkSigner's E-Signature Brand ARKİMZAYou can also check out our article.

Another breakthrough of Arksigner in 2023 was remote transaction security technologies, which we introduced to the BDDK legislation published in the last quarter of the year. With this new technology that takes authentication and customer acquisition processes completely digital, payment institutions, digital money platforms and banks will be able to win customers only with mobile devices.

All the details about our respective solution Remote Transaction Security You can find it on our page.

For the most accurate and up-to-date information on digital security solutions ArkSign's blog Do not forget to visit our page.

Our Other Blog Posts

What is an e-signature?
Everything You Need to Know About E-Signatures

Come on, let's find out together the answers to all questions like how to use an electronic signature, what are the benefits of e-signature, etc.

Continuation of the article
ARK|IMZA logosu, Hemen Başvur butonu, dizüstü bilgisayarda e-imza ara yüzü ve yanında bir USB e-imza cihazı, mavi ve mor ağ desenli arka plan.