Swisscom recently announced that it will transfer its Trust Services division which was until now a business area, to a separate public limited company on 1 April 2021.
This is being done in light of trust services’ growing importance for digital business models. Defined as an “Aktiengesellschaft” (public limited company) under Swiss law, the company will operate under the name Swisscom Trust Services. This measure will pool Trust Services together in one place. The new company will have a clear focus on further scaling and expansion, which will put Swisscom Trust Services in the best position to meet the challenges of the digital economy in a globalised world.
The need to finalise contracts in an efficient, location-independent and completely digital way continues to grow unabated. In highly regulated industries such as finance and healthcare, customer identification, onboarding and contract signing often still present a bottleneck in the customer experience. This is not limited to these industries, however: completely digital processes in the sense of the frictionless economy require methods that avoid using physical paperwork, which can be automatically integrated into companies' products and services.
Swisscom Trust Services specialises in translating complex regulations, compliance rules and industry-specific requirements into innovative processes and technology.
Nik Fuchs, CEO Swisscom Trust Services AG
With eIDAS and ZertES certification, we can offer qualified electronic signatures in both the EU and Switzerland, and our open approach to different identification methods and technologies allows us to provide customised yet highly scalable solutions for different industries.
