AltaSigna Pine is an e-mandate signature and verification solution that assists banks in meeting the NPCI NACH’s project requirements.
The Signer Tool is capable of signing, verifying and PGP encryption/decryption for the NACH system and is ideal for managing electronic document workflow.
Business Benefits
- Continued compliance with changing regulatory requirements through product upgrades.
- Trusted and reliable brand name.
- Quick and painless plug-configure-play deployment. Your bank can be in full compliance in a matter of days.
- No need for specialized and expensive skill set to operate and manage the application.
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Standardization of E-Receipt Process Flow
Agency banks that collect taxes and other state government dues from citizens currently route the e-receipts for such payments through the RBI’s eKuber server.However, due to wide differences in messaging standards and structures of servicing across different agency banks and state governments, the RBI has new regulations in place to streamline and secure the process.
The new regulations require agency banks that transact with the eKuber server for routing e-receipts to comply with specific messaging standards and formats.
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Using AltaSigna Pine for compliance
AltaSigna Pine is specifically built for complying with the new RBI regulations pertaining to e-receipts.
The application enables agency banks to fall in compliance with the new regulations while investing very little time, cost and effort spent in the process.