Current Affairs · Digital Banking
The term 'e-Sign' in the context of Digital Lending refers to a user-friendly feature that ensures:
- 1The loan application must be submitted by email only
- 2A loan can only be approved if the borrower has no pre-existing debt
- 3Legal validity of a borrower's digital signature on a loan agreement using secure, authenticated digital identity✓
- 4The customer must physically visit the branch to sign documents
Correct answer
Legal validity of a borrower's digital signature on a loan agreement using secure, authenticated digital identity
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