In 2022, the Bangko Sentral ng Pilipinas (BSP) introduced new rules that allow the use of electronic signatures (e-signatures) for opening bank deposit accounts. This move is part of the BSP’s effort to modernize banking in the Philippines and support the country’s shift toward digital financial services.

The rise of e-commerce in the Philippines has introduced new challenges, particularly the risk of online fraud. As businesses increasingly rely on digital transactions, ensuring secure and trustworthy interactions has become essential. Digital signatures have emerged as a key tool for addressing these concerns, helping to reduce fraud and build trust in the digital economy. By ensuring document integrity and verifying identities, digital signatures enhance security in contracts, payments, and transactions.

After integrating Twala's secure esignature into their operations, Secuna experienced a significant improvement in their document processing turnaround time.

All audit trails can serve as legal tools to present proof of a transaction’s history, and a digital audit trail in an application makes it possible for even digital processes to be verified and proven in court.

It can be tough to write up a contract from scratch, especially if you’re doing it for the first time. If you’re not careful, you might end up making some of these common mistakes. Not to worry! We’ve got some tips on how to avoid these mistakes and some tools for making your contract drafting process even easier. Here are some common contract writing mistakes, and how to solve them:

All businesses have important agreements they make with other entities. To ensure that these agreements are legally binding, as well as for an added layer of security for both parties, contracts are formed between or among them. 

Recruitment, as we mentioned, involves a very lengthy and challenging documentation process — especially when it comes to facilitating new employment contracts. ‍Electronic or digital signature platform, such as those offered by Twala, can help your business take the pain out of this aspect of recruitment.