Digitization
ETSI Standard to Secure Digital Signatures Solves Issue For 4,000 Banks
ETSI is pleased to unveil ETSI TS 119 182-1, a specification for digital signatures supported by PKI and public key certificates which authenticates the origin of transactions ensuring that the originator can be held accountable and access to sensitive resources can be controlled. This standard is a major achievement for interoperability of digital signatures for a range of applications in today's digital economy including the banking and financial world where so far, some 4,000 banks were using various signing algorithms for their APIs to secure their online transactions. Called JAdES, ETSI TS 119 182-1 comes in support of secure communications fulfilling the requirements of the European Union eIDAS Regulation (No 910/2014) for advanced electronic signatures and seals and regulatory requirements for services such as open banking.
This JAdES digital signature specification is based on JSON Web Signature and contains the features already defined in the related ETSI standards for AdES (advanced electronic signature/seal) applied to other data formats including XML, PDF and binary. The standard was developed with contributions from a number of stakeholders including representatives from the banking sector who, through Open Banking Europe, have brought their operational requirements to align European APIs onto one security model. ETSI TS 119 182-1 can be used for any transaction between an individual and a company, between two companies, between an individual and a governmental body, etc. applicable to any electronic communications.
