{"id":742,"date":"2017-03-07T11:45:06","date_gmt":"2017-03-07T11:45:06","guid":{"rendered":"https:\/\/www.signiflow.co.uk\/2017\/03\/07\/portfolios-feature-aids-popi-fica-compliance\/"},"modified":"2022-04-05T09:24:13","modified_gmt":"2022-04-05T09:24:13","slug":"portfolios-feature-aids-popi-fica-compliance","status":"publish","type":"post","link":"https:\/\/www.signiflow.com\/media\/portfolios-feature-aids-popi-fica-compliance","title":{"rendered":"SignFlow’s Portfolios feature aids POPI, FICA compliance"},"content":{"rendered":"\n

SignFlow’s Portfolios Feature: <\/strong>There are two well-known and much-publicised Acts that make South African businesses shudder in their shoes \u2013 the Financial Intelligence Centre Act (FICA) of 2001 and the Protection of Personal Information (POPI) Act of 2013.<\/p>\n\n\n\n

The two pieces of legislation have much in common. To begin with, they both have to do with how your business deals with customer identification and verification processes, and how it stores and maintains customer and transactional records. Secondly, there are severe penalties associated with non-compliance \u2013 severe enough, in many cases, to cause irreparable reputational and financial damage.<\/p>\n\n\n\n

Third of all \u2013 and this is the good <\/em>news \u2013 SignFlow can help you comply with both. Our digital signature workflow solution offers you an efficient and sure-fire means of making sure your business processes and IT systems are up to scratch when it comes to compliance with both these Acts \u2013 so you need no longer shy away from the dreaded \u201cF-word\u201d and \u201cP-word\u201d.<\/p>\n\n\n\n

Portfolios<\/strong><\/h2>\n\n\n\n

FICA and POPI compliance largely comes down to how you transmit, maintain and store customer data and, while the sheer volume and variety of data may make the process seem very complicated, SignFlow\u2019s Portfolios feature offers you a surprisingly simple means of tackling it.<\/p>\n\n\n\n

A SignFlow Portfolio<\/em><\/strong> is basically a portal where you can accumulate multiple documents that have been through a workflow and signed, in combination with documents that are just uploaded and stored.<\/p>\n\n\n\n

Because there is no email (which is inherently insecure) involved and all documents are uploaded through a secure, encrypted channel, to an online portal where they can only be accessed by the individuals authorised to access them, Portfolios<\/em><\/strong> is an invaluable tool to have in your arsenal when you are striving for FICA and\/or POPI compliance.<\/p>\n\n\n\n

Let\u2019s take an insurance company, for example:<\/p>\n\n\n\n