Welcome!

News Feed Item

E-Signature Provider Silanis Expands Market Leadership in Banking and Lending With Top-20 Wins

Eight of the Top 20 North American Banks, Including Santander Consumer Bank, U.S. Bank and RBC Royal Bank, Use e-SignLive(TM) to Transform Customer Experience

MONTREAL, QC--(Marketwired - June 02, 2014) - Silanis, provider of the leading electronic signature solution e-SignLive™, today announced several new and expanded customer wins, including Santander Consumer Bank USA Inc., U.S. Bank and RBC Royal Bank, making e-SignLive the e-signature standard among eight of the top 20 banks in North America.

With over 50 percent of its customers in banking and lending, e-SignLive has the largest share of the e-signature market in these industries and is considered the leading e-signature and e-vaulting solution for financial services. Silanis was also recently named the preferred e-signature provider for the Credit Union National Association (CUNA), serving over 6,700 credit unions in the United States.

For today's constantly connected digital customer, the convenience of anywhere, anytime banking is vital. According to research released in March 2014 from AlixPartners, 60 percent of smartphone/tablet users reported mobile banking capabilities as "important" or "extremely important" in the decision to switch from one bank to another. A key enabler of mobile transactions, e-signatures give mobile users the freedom to transact on their device -- while also enabling a better banking experience where they can open an account or complete a loan application without ever visiting the branch.

"In response to competitive pressure and customer expectations, retail and commercial institutions of every size are embracing e-signatures and digital processes to offer customers and members a convenient, fast and more efficient way of doing business," said Tommy Petrogiannis, Silanis CEO and co-founder. "In the last 24 months, e-transactions -- which are only possible because of e-signatures -- have become the preferred choice among banks and lenders. Our customers are seeing record adoption across new account openings, loans and mortgage applications, as well as a reduction in risks and costs."

Silanis' growth among banks and credit unions is evidenced by the success of its customers, including:

  • Industry's Most Proven ROI: e-SignLive is used to process over 600 million documents annually. Silanis' customers have: 
    • Avoided $16 million in administrative costs annually across one bank;
    • Eliminated courier costs across 9,000+ branches with the largest secure delivery of e-disclosures in banking;
    • Removed paper from 10 million new account openings annually across 3,000+ branches, with 90 percent of customers choosing e-signatures over paper;
    • Saved 80,000+ administrative hours (equivalent to 40 full-time employees);
    • Eliminated 90 percent of errors in lending and other banking documents;
    • Expanded market reach from 28 to 48 states without opening new branches;
    • Increased revenue 100 percent after adopting an electronic process for mortgage origination.
  • Highest Adoption Rates: Because e-SignLive provides the best customer experience in any channel, financial institutions are seeing record adoption rates after implementing it, including:
    • Over 92% adoption in account openings and certificates of deposit (branch);
    • Over 90% in consumer lending and small business (branch);
    • Over 99% in mortgage applications and disclosures (online or F2F);
    • Over 70% in auto financing (F2F);
    • Over 99% in student lending (online).

Improving customer experience is just one of the benefits of e-signatures and e-transactions. Banks and credit unions are also looking to strengthen compliance. With e-SignLive, each step of the e-sign workflow is controlled, ensuring documents are presented and signed in the right order, and there are no missing signatures or data. Digital processes also provide better visibility into transactions and reduce risk by removing manual, error-prone intervention. Both the financial institution and the customer can be assured of a compliant e-transaction, backed by comprehensive electronic evidence.

Silanis also offers banks and credit unions a single e-signature platform for on-premises and SaaS deployment. For institutions looking to maximize their e-signature investment, choosing a platform that supports multiple deployments -- combined with the ability to create a mortgage e-note or e-chattel paper -- makes it easy to implement e-signatures in consistent way across many lines of business.

Committed to promoting the adoption of electronic signatures in banking and lending, Silanis actively participates in a number of industry associations, including the Electronic Signatures & Records Association (ESRA), Standards & Procedures for Electronic Records & Signatures (SPeRS), Mortgage Industry Standards Maintenance Organization (MISMO), American Financial Services Association (AFSA) and Mortgage Electronic Registration System (MERS).

In 2013, Silanis was awarded the IBM Beacon Award for Best Industry Solution for Banking.

About Silanis Technology
Businesses of all sizes choose Silanis Technology when e-signatures matter. With more than 600 million documents processed every year, e-SignLive™ is the most widely used e-signature solution around the world. Thousands of organizations, big and small, including the leading banks, insurers, credit providers, pharmaceutical and government agencies trust e-SignLive as their platform to make business digital. On premise or in the cloud, e-SignLive delivers the best customer experience while improving legal and regulatory compliance. Learn more: www.silanis.comTwitterLinkedInFacebook and Google+.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...