Electronic signature: a differential value for the X-Tech companies

The X-Tech industry has been growing at a dizzying pace and exponentially in recent years, especially during the pandemic. When they burst onto the market, X-Tech was seen as the re-evolution of more traditional business models. However, their unstoppable growth has led to the saturation of some sectors and the need to differentiate themselves from the rest of the competitors. 

For this reason, in this article we tell you what X-Tech is, what the main sectors are and how the use of electronic signatures can become a differentiating factor for companies.

What is the X-Tech industry?

The X-Tech industry encompasses companies from various sectors and areas of activity that apply technological advances and the latest innovations to business operations.  In other words, the X-Tech sector is the union of different companies, characterised by the use of technology, with traditional companies. 

The term X-Tech, despite being the standard-bearer of the concept of disruptive industry that digitally reinvents and transforms business models, has not been a pioneer in this field. In this sense, Fintech was the first term to be popularised and to become a media term, arousing a great deal of interest due to the novelty it represented. After the consolidation of the Fintech industry, other sectors followed in its footsteps.

Today we can find eight main X-Tech sectors:

- FinTech, were the starting point of the X-Tech concept. This sector encompasses the banking and financial world 🏛 .
- InsurTech, companies belonging to the insurance ecosystem ☂️ .
- WealthTech, for wealth management, savings and investments 💰 .
- RegTech, to impact regulatory compliance ⚖️.
- PropTech, for everything related to the real estate market 🏙.
- LegalTech, for the digitisation of legal services 👨🏿⚖️.
- GovTech, concerning the public sector and the various local, regional, national and international administrations 🏫. 
- EdTech, the education sector and teaching join the optimisation of processes supported by technology 🎓. 

X-Tech ecosystem: growing together 

The X-Tech industry has experienced rapid growth due to new needs and changes in consumer habits. As a result, companies rely heavily on technology, leading to the proliferation of numerous X-Tech companies worldwide. 

In countries such as Spain, there are already more than 1.200 companies offering services of this type. Currently, the X-Tech industry generates almost 17.000 direct quality technological jobs with high digital skills. According to the forecasts of Finnovating's X-Tech Report Spain, the industry's main verticals can grow by up to 65% in the coming months, that is, up to 28.000 jobs.

Currently, and in a ranking that encompasses Europe and Latin America, Spain ranks second in terms of the number of fintech, insurtech and regtech, only surpassed by the United Kingdom. In detail, the number of new fintech startups almost doubled in the last year, reaching more than 21.700 companies worldwide.

Trends and opportunities in the X-Tech ecosystem

If we talk in terms of trends, too much has already been done and little by little, most sectors have become saturated.  However, the good news is that new business models that combine different sectors are already being developed. These are just a few examples:


Rent-to-buy homes. This alternative consists of renting a property for a specific period of time, with the option to buy it before the lease expires. In addition, it gives the user the opportunity to deduct from the sale price the contributions made for rent until the time of purchase. 

This business model is halfway between Fintech but with a Proptech complement, due to its Real Estate component.  


Smart homes will be the key in 2021. Our homes will not be alien to the phenomenon of "smart" objects or spaces. A smart home is one that has technology that automates certain tasks.

This business model is the combination of PropTech and InsurTech. Thanks to the connection of the home to technology, it will be possible to evaluate risks and lower the price of the insurance policy.  


Parametric insurance is your non-traditional type of insurance that uses technology, the internet of things or blockchain. It consists of guaranteeing automatic compensation for specific events, for example, the cancellation or delay of a flight, would cause in its absence, the automatic refund of the money through blockchain, without having to manage any type of claim.

The differentiating factor of electronic signatures in X-Tech

The development and momentum of X-Tech has been marked by technology and its ability to bring new ideas and reformulate more traditional models. At this time, when most X-Tech sectors are experiencing a high level of saturation, technology does not guarantee success. But there is no doubt that if you use technology to serve customers better than your competitors, you will make an impact.

In the customer relationship, the real challenge lies in achieving a friendly and satisfying customer experience that eliminates resistance to change. In sectors such as finance, you must also ensure simplicity and fluidity in the processes, especially in the onboarding process. Digitizing onboarding to welcome the new customer avoids friction for the end customer, and offers a safer and faster process, favoring an increase in the conversion rate.  

Broadly speaking, we can speak of the need common to all sectors to present a different, agile, secure and reliable alternative. At this level, the electronic signature becomes a key element that allows X-Tech companies to differentiate themselves in a market that already has strong competition. 

Uanataca's electronic signature solutions are a differential factor in the X-Tech industry for several reasons: 

Innovative and usable solutions: thanks to an R&D team in constant study and optimization and the latest technology in security, performance, functionality and compliance with regulations and standards. 

Regulatory framework: X-Tech companies can take advantage of the common basis provided by the eIDAS Regulation when guaranteeing a secure environment in which digital identity is regulated. 

Maximum guarantees: Uanataca is a Qualified Trust Service Provider in accordance with the European Union Regulation No. 910/2014 on electronic identification and trust services for electronic transactions (eIDAS).

The best signature experience: Uanataca's electronic signature is aligned with and favors the customer-centric approach, fundamental in the X-Tech sector. Solutions such as One-Shot Signature provide the customer with a smooth, satisfactory and immediate experience, without sacrificing maximum guarantees. 

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