Click here to close now.


@CloudExpo Authors: Greg O'Connor, Liz McMillan, Dana Gardner, Brian Daleiden, Carmen Gonzalez

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.

@CloudExpo Stories
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
We are rapidly moving to a brave new world of interconnected smart homes, cars, offices and factories known as the Internet of Things (IoT). Sensors and monitoring devices will touch every part of our lives. Let's take a closer look at the Internet of Things. The Internet of Things is a worldwide network of objects and devices connected to the Internet. They are electronics, sensors, software and more. These objects connect to the Internet and can be controlled remotely via apps and programs. ...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...