VASCO Data Security International, Inc. (NASDAQ: VDSI), a global provider of two-factor authentication and digital signature solutions to financial institutions, has announced that its e-signature solution, eSignLive, will launch instances of its e-signature software in data centers in Europe and Australia.
eSignLive will leverage IBM Cloud‘s global network of data centers to meet in-country data residency requirements by launching multiple regional instances in support of the growing adoption of e-signatures.
“Data residency is a strong driver of cloud software buying decisions globally and with eSignLive soon to be hosted on IBM’s global data center network, we will be able to address our customers’ requirements for higher data security, control and compliance,” said eSignLive President, Tommy Petrogiannis. “Data residency is particularly important in regulated industries such as banking, insurance, government and healthcare, where visibility into where data resides is necessary for compliance reasons.”
In Europe, the Electronic Identification and Trust Services for Electronic Transactions in the Internal Market (eIDAS) regulation will replace the existing EU Directive as of July 1, 2016, enabling greater mainstream adoption of e-signatures across Europe. In addition, with the recent repeal of the Safe Harbor agreement and its replacement by the EU-U.S. Privacy Shield, organizations would seek solutions that are available on local data centers to ensure that customer and business data will be protected by local laws.
In Australia, a recent eSignLive poll conducted by Galaxy Research revealed that more than 50 percent of Australians were concerned that information in the cloud may not be stored within Australian jurisdiction, and therefore not be subject to Australian privacy laws. To satisfy data residency requirements, especially in regulated industries that want to use cloud services, VASCO’s eSignLive will host its e-signature solution on two major data centers in Sydney and Melbourne.
The flexibility of eSignLive on IBM Cloud, either on a public or private cloud, would allow organizations to scale operations quickly. This scalability extends to eSignLive’s integration with Salesforce, Microsoft Dynamics CRM and SharePoint, and helps commercial and government organizations enable users to electronically sign from anywhere, anytime and on any device.
eSignLive can also be deployed on-premises, provides an active audit trail that captures a visual record of what transpired during a transaction, and can be white labeled to put the spotlight on the customer’s brand.
Instances of eSignLive in Europe and Australia are scheduled to be live within the next two weeks, and the company expects to continue to expand cloud instances of its e-signature solution to meet in-country data residency requirements in additional regions by the end of 2016.