E-Materai and E-Stamp, TekenAja Innovation Supports the Application of Electronic Signatures

In this era of digitization, digital signatures are increasingly loved because they are considered to be able to save time and costs because the signing process can be done from anywhere and anytime.

TekenAja being one of the digital signature players in Indonesia continues to innovate to develop solutions beyond digital signatures.

TekenAja CEO Alwin J. Kiemas explained, after more than a year of operation, the platform has now developed an E-Material which is integrated with API and E-Stamp to complete the need for conducting business transactions. Both complement the existing legal digital signature solutions.

E-Stamp and E-Stamp

Actually, this need arose because of the Covid-19 situation, which made the government follow the digital transformation phenomenon by producing e-stamp.

Stamps are often used for documents because they can give legal force and are considered important documents. Meanwhile, stamps are usually used to complete the signature affix on the cover of official documents or files.

The use of a stamp to identify a business entity or non-profit institution plays an important role in validating a particular document or file. Stamps evolve over time in terms of shape and features.

Both, have a valid legal basis. For example, for e-stamp, it is stated in Article 1 Paragraph (2) of the Stamp Duty Law which states, a document is something written or written, in handwritten, printed, or electronic form, which can be used as evidence or information.

Supported by Law no. 11 of 2008 (UU ITE) in Article 5 paragraph (1) which states that electronic documents are legal evidence. Therefore, electronic documents is equated with paper documents. This makes the need for equal treatment between paper and electronic documents.

The documents referred to include a letter of agreement; statement letter; Notarial Deed; securities; securities transaction documents; tender documents; a document stating the amount of money with a nominal value of more than Rp. 5 million; and documents used as evidence in court.

“We are the first and only E-Material provider that is integrated with the API. We have also been officially registered as Digital Financial Innovation Operators at OJK in the Regtech E-Sign cluster. TekenAja provides a solution that replaces conventional stamps as a complement to digital signatures,” said Alwin.

He continued, both the E-Material and the E-Stamp published by TekenAja are products issued by the first PSrE (Electronic Certification Provider) with a “parent” in Indonesia which has legal force. Overall, the company has 12 other features that make the transaction process more practical.

Some of them, Bulk Signing which allows users to sign 10 documents at once; Self Registration which allows users to obtain and share links with other signers and perform self-registration.

Next, Role Management to determine, and regulate access to digital documents according to the role of the signing, and finally, Foreigner Registration which allows the TekenAja solution not only to be used by Indonesian citizens (Indonesian citizens), but also foreigners (Foreign Citizens).

Follow Global Standard

Alwin continued, that all solutions from TekenAja will provide security benefits for the transaction process of Fintech actors with their consumers, especially in loan agreements.

The level of authentication used by TekenAja is recognized globally as level 4 authentication – the benchmark for the highest level of trust that uses 2 FA (Factor Authentications).

Namely, what you have, namely demographic data from the national ID database (e-KTP database); and what you are, which is verified using biometric facial recognition technology.

Currently, TekenAja has developed technology that utilizes DUKCAPIL population data for biometric authentication and demographic data verification that is accurate, useful and added value in various business sectors, both private and government.

Standardizing its platform to be on par with global standards has not gone unnoticed by TekenAja in order to meet various requirements in order to meet international standardization.

This step of course needs to be in line with education in the market, so that you are more familiar with digital signatures because they have security, validity, and legal force.