The IDB will provide a $200 million loan to finance the digital transformation of processes with high demand, such as construction permits from the Municipality of Panama or commercial movements in the Colon Free Zone.
The funds will also be used to encourage private investment, the protection of digital personal data and digital signatures. In addition, reforms will be included to promote follow-up to the National Industrial Competitiveness Program, the promotion of the National Quality System and the Regional Innovation Systems, informed the international organization.
Businessmen ask for an immediate extension in the application of any fines, as many representatives of companies have not yet managed their digital signature and at this time, there is no capacity installed in the authorized posts.
Bit4ID Ibérica, SL. is the consulting company which signed the contracts to carry out the works of support to the authorities, in the process to implement the electronic signature in the country.
The telecommunications company Tigo has received legal backing to operate as the first provider of an electronic money service in El Salvador.
The company announced that due to compliance with the requirements required by local law, the Superintendency of the Financial System authorized the operation in the Salvadoran market in accordance with the regulations issued by the Central Reserve Bank.
The Public Registry of Panama is putting out to tender services for the renewal, maintenance, technical support, updating and strengthening of the electronic signature platform.
Panama Government Purchase 2018-1-48-0-08-LV-005471:
"The acquisition of these services aims to provide coverage for parts, labor, maintenance and equipment support (hardware and software) that is currently functioning on the platform.
A law has come into force which grants legal equivalence to signatures in transactions made via electronic means.
From a statement issued by the Ministry of Economy of El Salvador:
The new Law on Electronic Signatures, adopted by the Legislature last October, took effect this April 26, 2016, converting the Ministry of Economy into the Accrediting Entity for Digital Signatures.
A web platform will connect systems from different institutions in order to carry out all export procedures without having to visit each of the entities.
From a statement issued by the Guatemalan Exporters Association (Agexport):
The Single Window for Exports (VUPE) through the platform SEADEX WEB is an electronic system for exporters and entrepreneurs to securely and quickly obtain authorization online for their exports.
The new legislation gives legal value to certified electronic signatures and establishes the basis for regulating service providers.
From a statement issued by the Legislative Assembly of El Salvador:
The Legislature has unanimously approved the Law on Electronic Signatures, these regulations give legal security to the certified use of electronic signatures, which through this means allows the country to be incorporated into the global environment, in which secure interactions occur within the information society.
The Guatemalan company G & T Continental has submitted an application to the Superintendent of Banks to change its current microfinance license to a general banking license.
From a statement issued by the Superintendency of Banks in Panama:
In compliance with Article 51 of the Banking Law No. 3-2001 and Agreement. amended by the Agreement No. 2-2006, we report:
An announcement has been made that as of October 24th all registration formalities in the registry may be made electronically through a new platform.
From a statement issued by the Public Registry of Panama:
In order to optimize the services offered to users and the general public, the Public Registry of Panama, within the framework of modernization, will run the Registry Electronic Registration System (CRS), a new technology platform that will provide greater legal certainty over private property and other rights on goods which are registered with the entity.
Banks say they are not investing in the technology required to implement electronic signatures for digital processes due to the small amount of use by users.
Although the use of electronic signatures for banking transactions is something which is very common in most countries of the world, there is still some reluctance by people in Panama to use it, leading banks to stop making the necessary investments to implement the system.
The Public Registry web platform allows the digital registration using electronic signatures to authorize transactions.
Panamaamerica.com.pa reports that "the new technological tool will streamline internal processes and allow paperwork and long lines to become a thing of the past through a system that offers security."
The SIR unifies the Public Registry's two current platforms, containing images, data and integrating a charging system for the institution; while Electronic Signatures gives legal value to digital documents and transactions, explains the article.
Although the electronic signature scheme has already been launched it has not yet been announced how they will be used or if they will be adopted by the country's public institutions.
Although the electronic signature scheme has already been launched it has not yet been announced how they will be used or if they will be adopted by the country's public institutions.
The National Electronic Signatures Department will certify, provide and deliver electronic signatures, time stamping services, archiving and preservation of data messages.
Hernando Abraham Carrasquilla, CEO of the Public Registry of Panama announced that laws regarding electronic signatures now have their respective regulation.
This regulation attributes some functions to the National Electronic Signature Department which includes "...