UOB pilots the use of Government Technology Agency’s (GovTech) ‘Sign with Singpass’ where a customer’s digital signature to confirm transactions or product applications.
The bank is the first in Singapore to offer this service according to a statement.
Under an initial 12-month pilot, the bank will test the use of Sign with Singpass with a set of its retail and corporate customers. Some of the transactions the pilot will cover include forms for individual wealth planning services and the PayNow Corporate application.
After the pilot, UOB aims to expand the use of Sign with Singpass in more of its products and services for both the retail and wholesale segments in Singapore.
UOB has become the first bank in Singapore to pilot the use of Sign with Singpass, the country's national digital identity framework, to confirm transactions or product applications using a customer’s digital signature.