{"id":6382,"date":"2025-05-15T14:00:30","date_gmt":"2025-05-15T12:00:30","guid":{"rendered":"https:\/\/amfi.ba\/?p=6382"},"modified":"2025-05-28T14:04:50","modified_gmt":"2025-05-28T12:04:50","slug":"digital-signature-in-the-microcredit-sector-a-step-towards-more-efficient-and-secure-operations","status":"publish","type":"post","link":"https:\/\/amfi.ba\/en\/digital-signature-in-the-microcredit-sector-a-step-towards-more-efficient-and-secure-operations\/","title":{"rendered":"Digital Signature in the Microcredit Sector: A Step Towards More Efficient and Secure Operations"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6382\" class=\"elementor elementor-6382\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14b051f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14b051f\" data-element_type=\"section\" 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url(&#039;https:\/\/amfi.ba\/wp-content\/uploads\/2025\/05\/FOTO2.jpg&#039;)\">\n\n\t\t\t\n\t\t\t\t\t<\/div>\n\t\t<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-carousel-image\" role=\"img\" aria-label=\"FOTO1\" style=\"background-image: url(&#039;https:\/\/amfi.ba\/wp-content\/uploads\/2025\/05\/FOTO1.jpg&#039;)\">\n\n\t\t\t\n\t\t\t\t\t<\/div>\n\t\t<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-969e203 elementor-widget elementor-widget-spacer\" data-id=\"969e203\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e603734 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e603734\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6310fdf\" data-id=\"6310fdf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b6f4206 elementor-widget elementor-widget-text-editor\" data-id=\"b6f4206\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"v1MsoNormal\">Sarajevo, May 15, 2025 \u2013 Organized by the Association of Microfinance Organizations in BiH \u2013 AMFI, with support from the International Finance Corporation (IFC) Western Balkan Digital Financial Services and Embedded Finance Project, in partnership with the Swiss State Secretariat for Economic Affairs (SECO), a professional workshop titled \u201cChallenges in Developing Secure Digital Signing in the Microcredit Sector\u201d was held today in Sarajevo.The workshop is part of a Cooperation Agreement between AMFI and IFC aimed at strengthening the capacity of the microcredit sector in areas of digital transformation, cybersecurity, and access to modern financial services. The event brought together representatives of regulatory institutions, information security experts, technical solution providers, and representatives of microcredit organizations from across Bosnia and Herzegovina.<\/p><p class=\"v1MsoNormal\">\u201cDigital signatures are already being used internally within the sector, but the key step forward is enabling their wider application in client-facing operations. This increases legal certainty, efficiency, and trust in the digital processes we are implementing,\u201d stated Elma Zuki\u0107, President of AMFI.<\/p><p class=\"v1MsoNormal\">The workshop covered technical, regulatory, and operational aspects of implementing qualified electronic signatures in line with European standards (eIDAS) and best practices in information security (ISO\/IEC 27001). Experiences were shared by representatives of the IDDEEA Agency, IFC, Halcom, the Banking Agency of Republika Srpska, and leading experts in IT and digital security.<\/p><p class=\"v1MsoNormal\">Pavel Shust, IFC`s Digital Financial Services Expert, emphasized the importance of a strategic approach to digital onboarding and system interoperability:<\/p><p class=\"v1MsoNormal\">\u201cQualified electronic signatures are key to a secure digital economy. The microcredit sector has growing potential to lead in their integration.\u201d<\/p><p class=\"v1MsoNormal\">The workshop also featured a presentation of the 2025 Digital Readiness Analysis of the microcredit sector, which shows that electronic signatures are already being used internally by many organizations, though there remains room for improvement \u2013 an effort to which this workshop has certainly contributed. However, their use in client-facing operations is still not fully established. The implementation of functional, legally reliable, and user-friendly solutions is critical for broader adoption across the sector.<\/p><p class=\"v1MsoNormal\">It was especially highlighted that the majority of microcredit clients come from the microenterprise category with up to nine employees. Among them, companies with 1\u20135 employees make up over 80% of all firms and account for the largest share of revenue and profit \u2013 generating around 66% of total income and 64% of profit in this segment \u2013 making them a cornerstone of employment and local economic growth.<\/p><p class=\"v1MsoNormal\">The workshop was further supported by partners Halcom d.o.o. Sarajevo and CloudIT, who presented practical technical solutions for digital signing and electronic identity management.<\/p><p class=\"v1MsoNormal\">It was concluded that microcredit organizations in BiH are increasingly ready to enter a new phase of digital operations, and that continued cooperation with institutions such as IFC will be essential for establishing a secure, legally compliant, and technologically sustainable digital signature framework.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-59c70ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59c70ab\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b49e68a\" data-id=\"b49e68a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7e3f89 elementor-widget elementor-widget-spacer\" data-id=\"b7e3f89\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8efc976 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8efc976\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-414efdf\" data-id=\"414efdf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e90481d elementor-widget elementor-widget-heading\" data-id=\"e90481d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Similar Articles - Find Out More<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Facebook Twitter LinkedIn Sarajevo, May 15, 2025 \u2013 Organized by the Association of Microfinance Organizations in BiH \u2013 AMFI, with support from the International Finance Corporation (IFC) Western Balkan Digital Financial Services and Embedded Finance Project, in partnership with the Swiss State Secretariat for Economic Affairs (SECO), a professional workshop titled \u201cChallenges in Developing Secure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-6382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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